Honeywell International Inc. $HON Shares Purchased by Greystone Financial Group LLC

Greystone Financial Group LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 8.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,903 shares of the conglomerate’s stock after acquiring an additional 2,724 shares during the period. Greystone Financial Group LLC’s holdings in Honeywell International were worth $7,768,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Chung Wu Investment Group LLC acquired a new stake in shares of Honeywell International in the 2nd quarter valued at about $26,000. RMG Wealth Management LLC acquired a new stake in shares of Honeywell International in the second quarter valued at approximately $33,000. Activest Wealth Management boosted its holdings in shares of Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares during the period. Howard Hughes Medical Institute purchased a new position in shares of Honeywell International during the second quarter worth approximately $33,000. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Honeywell International by 833.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock opened at $195.88 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $228.04. The company has a market cap of $124.36 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The stock has a 50 day simple moving average of $196.13 and a 200-day simple moving average of $211.25.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The firm had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.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, equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HON shares. Citigroup increased their price target on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Robert W. Baird lowered their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. BNP Paribas Exane assumed coverage on Honeywell International in a research note on Wednesday, December 3rd. They set a “neutral” rating and a $195.00 price objective for the company. Finally, Morgan Stanley lowered their target price on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 28th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $235.58.

Honeywell International Company 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.