DecisionMap Wealth Management LLC Buys New Shares in Honeywell International Inc. $HON

by · The Markets Daily

DecisionMap Wealth Management LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,929 shares of the conglomerate’s stock, valued at approximately $617,000.

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

Honeywell International Stock Performance

Honeywell International stock opened at $196.85 on Friday. 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 firm has a market cap of $124.97 billion, a P/E ratio of 20.74, a P/E/G ratio of 2.87 and a beta of 0.96. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04. The firm has a 50-day moving average of $197.82 and a 200-day moving average of $212.62.

Honeywell International (NASDAQ:HON – Get Free Report) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.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 expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. TD Cowen reduced their price objective on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Jefferies Financial Group lowered their target price on Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Honeywell International in a report on Monday, December 15th. Finally, BNP Paribas Exane began coverage on Honeywell International in a research note on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 price target on the stock. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $235.58.

Read Our Latest Stock Report on HON

About Honeywell International

(Free Report)

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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