State of Alaska Department of Revenue Has $14.30 Million Stock Position in Honeywell International Inc. $HON

State of Alaska Department of Revenue trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,938 shares of the conglomerate’s stock after selling 4,214 shares during the period. State of Alaska Department of Revenue’s holdings in Honeywell International were worth $14,300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Chung Wu Investment Group LLC bought a new stake in Honeywell International in the second quarter valued at $26,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International during the second quarter valued at approximately $33,000. Howard Hughes Medical Institute acquired a new stake in shares of Honeywell International in the 2nd quarter valued at $33,000. Activest Wealth Management increased its position in Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC raised its stake in shares of Honeywell International by 491.7% during the third 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 owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. BNP Paribas Exane assumed coverage on shares of Honeywell International in a research report on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 target price for the company. Barclays cut their price objective on Honeywell International from $269.00 to $250.00 and set an “overweight” rating for the company in a report on Wednesday, December 24th. Robert W. Baird cut their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, HSBC decreased their price objective 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. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $234.15.

Honeywell International Stock Performance

NASDAQ:HON opened at $205.24 on Friday. The company has a market cap of $130.30 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.67 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 fifty day moving average price of $195.50 and a 200-day moving average price of $210.86.

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