Wolff Wiese Magana LLC Increases Position in Honeywell International Inc. $HON

Wolff Wiese Magana LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 676.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,151 shares of the conglomerate’s stock after purchasing an additional 4,488 shares during the period. Wolff Wiese Magana LLC’s holdings in Honeywell International were worth $1,084,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HON. Laurel Wealth Advisors LLC lifted its position in shares of Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after acquiring an additional 3,700,786 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Honeywell International during the 2nd quarter valued at approximately $140,816,000. Bank of Nova Scotia lifted its holdings in Honeywell International by 171.8% in the 2nd quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock worth $187,713,000 after purchasing an additional 509,456 shares in the last quarter. Holocene Advisors LP bought a new position in Honeywell International in the 2nd quarter worth approximately $93,152,000. Finally, SG Americas Securities LLC raised its position in shares of Honeywell International by 357.2% during the second quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock valued at $64,079,000 after buying an additional 382,152 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HON. TD Cowen dropped their target price on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Wall Street Zen upgraded Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. JPMorgan Chase & Co. raised Honeywell International from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $218.00 to $255.00 in a report on Friday. Vertical Research lowered Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research note on Monday, January 5th. Finally, Citigroup cut their price target on Honeywell International from $267.00 to $262.00 and set a “buy” rating for the company in a report on Monday. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus target price of $236.48.

Honeywell International Trading Up 0.9%

HON opened at $215.02 on Friday. 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. The stock has a 50-day moving average of $196.81 and a 200 day moving average of $210.36. The firm has a market cap 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.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the business earned $2.58 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. 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, research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

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.