KG&L Capital Management LLC Acquires 7,466 Shares of Honeywell International Inc. $HON

KG&L Capital Management LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 142.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,712 shares of the conglomerate’s stock after purchasing an additional 7,466 shares during the quarter. KG&L Capital Management LLC’s holdings in Honeywell International were worth $2,660,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HON. BankPlus Wealth Management LLC increased its position in Honeywell International by 2.2% during the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after buying an additional 43 shares in the last quarter. Summit Wealth Group LLC boosted its holdings in Honeywell International by 4.3% in the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock worth $260,000 after acquiring an additional 46 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in shares of Honeywell International by 1.8% in the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock worth $628,000 after acquiring an additional 47 shares during the last quarter. Bar Harbor Wealth Management increased its holdings in shares of Honeywell International by 0.3% during the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock valued at $3,538,000 after acquiring an additional 47 shares in the last quarter. Finally, Fielder Capital Group LLC raised its position in shares of Honeywell International by 2.1% in the 2nd quarter. Fielder Capital Group LLC now owns 2,373 shares of the conglomerate’s stock worth $553,000 after purchasing an additional 48 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.4%

Shares of HON stock opened at $195.88 on Monday. The company has a 50 day simple moving average of $196.13 and a two-hundred day simple moving average of $211.25. The stock has a market cap of $124.36 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.62 and a beta of 0.95. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. 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 (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 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, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Royal Bank Of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $235.00 to $253.00 in a research report on Monday, October 27th. HSBC cut their price target 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. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $230.00 to $218.00 and set an “equal weight” rating for the company in a report on Friday, November 14th. DZ Bank lowered their price objective on Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Finally, TD Cowen cut their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $235.05.

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.