New York State Teachers Retirement System Reduces Holdings in Honeywell International Inc. $HON

New York State Teachers Retirement System lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.2% during the 3rd quarter, Holdings Channel reports. The firm owned 546,055 shares of the conglomerate’s stock after selling 6,610 shares during the quarter. New York State Teachers Retirement System’s holdings in Honeywell International were worth $114,945,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Chung Wu Investment Group LLC purchased a new stake in Honeywell International in the 2nd quarter valued at approximately $26,000. RMG Wealth Management LLC acquired a new position in shares of Honeywell International in the second quarter worth $33,000. Howard Hughes Medical Institute purchased a new stake in shares of Honeywell International in the second quarter valued at $33,000. Activest Wealth Management boosted its stake in shares of Honeywell International by 425.9% during 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 last quarter. Finally, Barnes Dennig Private Wealth Management LLC increased its position in Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON opened at $207.38 on Friday. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $228.04. The company’s 50 day simple moving average is $195.62 and its 200 day simple moving average is $210.65. The stock has a market capitalization of $131.66 billion, a PE ratio of 21.85, a P/E/G ratio of 2.78 and a beta of 0.95. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The company had revenue of $8.95 billion for 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, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on HON. Rothschild & Co Redburn cut their target price on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Barclays cut their price objective on shares of Honeywell International from $269.00 to $250.00 and set an “overweight” rating for the company in a research report on Wednesday, December 24th. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research note on Monday, January 5th. Wells Fargo & Company decreased their target price on shares of Honeywell International from $218.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, BNP Paribas Exane began coverage on Honeywell International in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 price target for the company. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $234.15.

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.