Touchstone Capital Inc. Takes $978,000 Position in Honeywell International Inc. $HON

Touchstone Capital Inc. acquired a new position in Honeywell International Inc. (NASDAQ:HON) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,644 shares of the conglomerate’s stock, valued at approximately $978,000. Honeywell International makes up 0.5% of Touchstone Capital Inc.’s holdings, making the stock its 29th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International during the 2nd quarter valued at about $26,000. RMG Wealth Management LLC purchased a new stake in Honeywell International in the second quarter valued at approximately $33,000. Howard Hughes Medical Institute bought a new stake in Honeywell International during the second quarter valued at approximately $33,000. Activest Wealth Management grew its stake in Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after buying an additional 115 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after buying an additional 118 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on HON. DZ Bank reduced their target price on Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. TD Cowen reduced their price objective on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Evercore ISI initiated coverage on Honeywell International in a research report on Monday, December 15th. They issued an “outperform” rating and a $255.00 target price for the company. Argus reduced their price target on shares of Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. Finally, Wells Fargo & Company decreased their price target on shares of Honeywell International from $218.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 7th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average price target of $233.90.

Honeywell International Stock Performance

Shares of HON stock opened at $210.28 on Wednesday. The company has a market capitalization of $133.50 billion, a P/E ratio of 22.16, a PEG ratio of 2.80 and a beta of 0.95. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The stock has a 50 day moving average price of $196.11 and a two-hundred day moving average price of $210.31.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, October 23rd. The conglomerate reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. The company had revenue of $10.41 billion during the quarter, compared to analyst estimates of $10.14 billion. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.58 EPS. Honeywell International has set its FY 2025 guidance at 10.600-10.700 EPS and its Q4 2025 guidance at 2.520-2.620 EPS. Analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.