Manning & Napier Advisors LLC cut its position in Honeywell International Inc. (NASDAQ:HON – Free Report) by 68.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,688 shares of the conglomerate’s stock after selling 12,355 shares during the period. Manning & Napier Advisors LLC’s holdings in Honeywell International were worth $1,197,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Laurel Wealth Advisors LLC boosted its holdings in shares of Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after acquiring an additional 3,700,786 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Honeywell International during the 2nd quarter valued at $140,816,000. Bank of Nova Scotia raised its position in Honeywell International by 171.8% in the 2nd quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock valued at $187,713,000 after purchasing an additional 509,456 shares during the last quarter. Holocene Advisors LP acquired a new position in Honeywell International in the second quarter worth $93,152,000. Finally, SG Americas Securities LLC boosted its stake in Honeywell International by 357.2% in the second quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock worth $64,079,000 after purchasing an additional 382,152 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.
Honeywell International Trading Up 0.9%
Shares of NASDAQ HON opened at $215.02 on Friday. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. The firm has a market capitalization of $136.51 billion, a P/E ratio of 22.66, a P/E/G ratio of 2.95 and a beta of 0.95. 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’s 50 day simple moving average is $196.81 and its 200 day simple moving average is $210.36.
Analyst Upgrades and Downgrades
HON has been the subject of a number of research analyst reports. Argus cut their price target on Honeywell International from $250.00 to $225.00 in a report on Friday, November 14th. Wells Fargo & Company dropped their target price on shares of Honeywell International from $218.00 to $215.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 7th. Citigroup decreased their price target on shares of Honeywell International from $267.00 to $262.00 and set a “buy” rating on the stock in a research note on Monday. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $234.71.
Check Out Our Latest Analysis on Honeywell International
Honeywell International News Roundup
Here are the key news stories impacting Honeywell International this week:
- Positive Sentiment: Quantinuum confidential IPO filing announced — Honeywell said its majority-owned quantum computing unit plans a confidential draft S‑1 submission, signaling a pathway to a public listing that could crystallize value and sharpen HON’s strategic focus. HONEYWELL ANNOUNCES QUANTINUUM’S PLAN (PRNewswire) Honeywell announces Quantinuum’s plan to file for IPO (Reuters) Looking for a new quantum stock? (MarketWatch) Quantinuum to go public (Barron’s)
- Positive Sentiment: Analysts and commentators highlight material upside from an IPO — analysis suggests a potential ~ $10B valuation for Quantinuum and that HON’s majority stake could unlock more than $5B of value, reduce the conglomerate discount and improve reported margins as a loss-making segment is separated. Seeking Alpha analysis
- Positive Sentiment: Citi remains bullish — Citi stuck with its buy rating on HON, supporting the stock’s upside narrative around strategic portfolio moves. Citi Sticks to Their Buy Rating (Globe and Mail)
- Neutral Sentiment: RBC trims price target slightly to $249 but maintains an Outperform rating — a small downward PT revision that still implies double‑digit upside versus the current price. This is a modest analyst haircut rather than a ratings downgrade. RBC lowers price target (MarketScreener)
- Neutral Sentiment: Other analyst PT moves — a Citigroup note referenced in coverage adjusted its target to $262; these lifts/trim comments keep consensus expectations elevated but show analysts are fine‑tuning assumptions. Citigroup price target note
- Negative Sentiment: Insiders sold shares (~US$1.5M) — recent insider selling reported by the press may signal some leadership or insider liquidity taking and can be read as a mild near‑term negative for sentiment. Insider selling report (Yahoo Finance)
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.
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