Honeywell International Inc. $HON Shares Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 10.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,476 shares of the conglomerate’s stock after buying an additional 5,110 shares during the quarter. SteelPeak Wealth LLC’s holdings in Honeywell International were worth $11,678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HON. Brighton Jones LLC raised its position in shares of Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Quarry LP acquired a new stake in Honeywell International during the 1st quarter valued at $41,000. Federation des caisses Desjardins du Quebec raised its holdings in shares of Honeywell International by 18.7% in the first quarter. Federation des caisses Desjardins du Quebec now owns 24,755 shares of the conglomerate’s stock worth $5,242,000 after acquiring an additional 3,908 shares during the last quarter. Amundi raised its holdings in shares of Honeywell International by 30.2% in the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock worth $107,450,000 after acquiring an additional 120,706 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Honeywell International by 4.7% in the first quarter. Advisors Asset Management Inc. now owns 18,009 shares of the conglomerate’s stock valued at $3,813,000 after acquiring an additional 815 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Honeywell International stock opened at $195.09 on Friday. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year 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 firm has a 50 day moving average price of $196.54 and a 200 day moving average price of $211.59. The company has a market cap of $123.86 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.84 and a beta of 0.95.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company had revenue of $8.95 billion for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on HON shares. Robert W. Baird dropped their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. TD Cowen decreased their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Wells Fargo & Company cut their price objective on shares of Honeywell International from $230.00 to $218.00 and set an “equal weight” rating for the company in a research report on Friday, November 14th. Evercore ISI assumed coverage on shares of Honeywell International in a research note on Monday, December 15th. They set an “outperform” rating and a $255.00 price objective on the stock. Finally, DZ Bank lowered their target price on shares of Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $235.58.

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.