Kieckhefer Group LLC Acquires New Position in Honeywell International Inc. $HON

Kieckhefer Group LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the third quarter, HoldingsChannel.com reports. The firm bought 3,650 shares of the conglomerate’s stock, valued at approximately $768,000.

Other large investors have also modified their holdings of the company. Chung Wu Investment Group LLC purchased a new position in Honeywell International in the second quarter valued at $26,000. RMG Wealth Management LLC acquired a new stake in Honeywell International in the 2nd quarter valued at about $33,000. Activest Wealth Management boosted its stake in shares of Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after buying an additional 115 shares during the period. Howard Hughes Medical Institute acquired a new position in shares of Honeywell International during the second quarter worth about $33,000. Finally, 1248 Management LLC acquired a new position in shares of Honeywell International during the first quarter worth about $38,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of several analyst reports. HSBC reduced their target price on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. The Goldman Sachs Group decreased their price objective on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. TD Cowen lowered their target price on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Robert W. Baird cut their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Finally, Argus lowered their price objective on Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $235.58.

Honeywell International Trading Down 0.1%

NASDAQ HON opened at $197.09 on Tuesday. The firm’s fifty day moving average price is $197.53 and its 200 day moving average price is $212.02. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The company has a market capitalization of $125.13 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 2.88 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The company had revenue of $8.95 billion for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Profile

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.