Honeywell International Inc. $HON Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. cut its position in Honeywell International Inc. (NASDAQ:HON) by 27.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,478 shares of the conglomerate’s stock after selling 25,374 shares during the quarter. QRG Capital Management Inc.’s holdings in Honeywell International were worth $14,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Armstrong Fleming & Moore Inc acquired a new position in Honeywell International during the 2nd quarter worth approximately $998,000. Triton Financial Group Inc acquired a new position in shares of Honeywell International during the second quarter worth $1,001,000. Managed Asset Portfolios LLC increased its holdings in Honeywell International by 2.3% in the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after buying an additional 2,154 shares during the last quarter. Baxter Bros Inc. raised its stake in Honeywell International by 14.6% in the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after buying an additional 4,543 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in Honeywell International during the 2nd quarter worth about $1,943,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on HON. Morgan Stanley dropped their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 28th. Sanford C. Bernstein set a $255.00 price target on Honeywell International in a research note on Friday. Jefferies Financial Group lowered their price objective on shares of Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Citigroup reduced their target price on shares of Honeywell International from $267.00 to $262.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Finally, BNP Paribas Exane initiated coverage on shares of Honeywell International in a research note on Wednesday, December 3rd. They set a “neutral” rating and a $195.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $236.48.

Honeywell International Price Performance

Honeywell International stock opened at $219.39 on Friday. The firm has a market capitalization of $139.29 billion, a PE ratio of 23.12, a P/E/G ratio of 2.97 and a beta of 0.95. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $228.04. The firm’s 50-day simple moving average is $197.32 and its 200 day simple moving average is $210.27. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.25. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm earned $2.58 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. 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. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal 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.