KG&L Capital Management LLC Buys 7,466 Shares of Honeywell International Inc. $HON

KG&L Capital Management LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 142.3% during the third quarter, HoldingsChannel reports. The fund owned 12,712 shares of the conglomerate’s stock after acquiring an additional 7,466 shares during the quarter. KG&L Capital Management LLC’s holdings in Honeywell International were worth $2,660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC increased its stake in shares of Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after buying an additional 1,582 shares during the period. Quarry LP purchased a new position in shares of Honeywell International in the 1st quarter worth approximately $41,000. AQR Capital Management LLC lifted its position in Honeywell International by 15.7% during the first quarter. AQR Capital Management LLC now owns 57,353 shares of the conglomerate’s stock valued at $12,099,000 after acquiring an additional 7,788 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Honeywell International by 11.4% in the first quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock valued at $6,035,000 after acquiring an additional 2,915 shares in the last quarter. Finally, Plancorp LLC lifted its holdings in shares of Honeywell International by 4.4% during the 1st quarter. Plancorp LLC now owns 2,234 shares of the conglomerate’s stock valued at $473,000 after purchasing an additional 95 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

NASDAQ:HON opened at $195.88 on Monday. The company’s 50-day moving average is $196.13 and its two-hundred day moving average is $211.25. 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 current ratio of 1.36 and a quick ratio of 1.04. The firm has a market capitalization of $124.36 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.62 and a beta of 0.95.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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. Analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on HON shares. HSBC decreased their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Morgan Stanley reduced their price objective on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 28th. Argus reduced their price target on Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. Evercore ISI started coverage on shares of Honeywell International in a report on Monday, December 15th. They issued an “outperform” rating and a $255.00 price objective for the company. Finally, Citigroup upped their target price on Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued 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 $235.05.

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.