Securian Asset Management Inc. Trims Holdings in Honeywell International Inc. $HON

Securian Asset Management Inc. reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 8.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,662 shares of the conglomerate’s stock after selling 2,939 shares during the quarter. Securian Asset Management Inc.’s holdings in Honeywell International were worth $6,454,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BankPlus Wealth Management LLC lifted its stake in Honeywell International by 2.2% during the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock worth $463,000 after purchasing an additional 43 shares in the last quarter. Summit Wealth Group LLC raised its holdings in shares of Honeywell International by 4.3% in the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after buying an additional 46 shares during the period. Capital Advisors Ltd. LLC lifted its stake in Honeywell International by 1.8% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock worth $628,000 after acquiring an additional 47 shares in the last quarter. Bar Harbor Wealth Management boosted its holdings in Honeywell International by 0.3% during the 2nd quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock valued at $3,538,000 after acquiring an additional 47 shares during the period. Finally, Fielder Capital Group LLC grew its position in Honeywell International by 2.1% in the 2nd quarter. Fielder Capital Group LLC now owns 2,373 shares of the conglomerate’s stock valued at $553,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. BNP Paribas Exane started coverage on shares of Honeywell International in a research report on Wednesday, December 3rd. They set a “neutral” rating and a $195.00 price target on the stock. Argus decreased their price target on shares of Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. Royal Bank Of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $235.00 to $253.00 in a research note on Monday, October 27th. BNP Paribas upgraded Honeywell International to a “hold” rating in a research note on Wednesday, December 3rd. Finally, Robert W. Baird lowered their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $234.30.

Honeywell International Stock Performance

Shares of HON stock opened at $204.94 on Wednesday. The company has a market cap of $130.11 billion, a P/E ratio of 21.60, a PEG ratio of 2.69 and a beta of 0.95. The firm has a fifty day moving average price of $195.66 and a 200 day moving average price of $210.98. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The company had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.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 fiscal year.

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.