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

QRG Capital Management Inc. cut its position in shares of Honeywell International Inc. (NASDAQ:HON) by 27.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 68,478 shares of the conglomerate’s stock after selling 25,374 shares during the period. QRG Capital Management Inc.’s holdings in Honeywell International were worth $14,415,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC lifted its position in Honeywell International by 23,503.0% during the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after buying an additional 3,700,786 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Honeywell International during the 2nd quarter valued at $140,816,000. Bank of Nova Scotia increased 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 valued at $187,713,000 after purchasing an additional 509,456 shares in the last quarter. Holocene Advisors LP acquired a new position in shares of Honeywell International during the second quarter worth about $93,152,000. Finally, SG Americas Securities LLC boosted its position in shares of Honeywell International by 357.2% in the second quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock worth $64,079,000 after buying an additional 382,152 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the subject of a number of analyst reports. BNP Paribas raised Honeywell International to a “hold” rating in a report on Wednesday, December 3rd. BNP Paribas Exane assumed coverage on shares of Honeywell International in a research report on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 target price for the company. TD Cowen decreased their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Sanford C. Bernstein set a $255.00 target price on Honeywell International in a report on Friday. Finally, Wells Fargo & Company dropped their price target on Honeywell International from $218.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 7th. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $236.48.

Honeywell International Stock Performance

HON stock opened at $219.39 on Friday. The stock’s fifty day moving average is $197.32 and its two-hundred day moving average is $210.27. The stock has a market capitalization of $139.29 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.97 and a beta of 0.95. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $228.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The business had revenue of $10.41 billion during the quarter, compared to analyst estimates of $10.14 billion. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.58 EPS. 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, research analysts predict 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.