Czech National Bank Buys 4,157 Shares of Honeywell International Inc. $HON

Czech National Bank lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 161,251 shares of the conglomerate’s stock after buying an additional 4,157 shares during the period. Czech National Bank’s holdings in Honeywell International were worth $33,943,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its holdings 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 worth $4,302,000 after purchasing an additional 1,582 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in Honeywell International by 79.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 47,195 shares of the conglomerate’s stock worth $9,994,000 after buying an additional 20,846 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Honeywell International by 4.2% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,466 shares of the conglomerate’s stock worth $3,704,000 after buying an additional 707 shares during the period. EntryPoint Capital LLC grew its holdings in Honeywell International by 48.0% during the 1st quarter. EntryPoint Capital LLC now owns 1,627 shares of the conglomerate’s stock worth $345,000 after acquiring an additional 528 shares during the last quarter. Finally, Capital Analysts LLC increased its position in Honeywell International by 0.7% in the 1st quarter. Capital Analysts LLC now owns 14,563 shares of the conglomerate’s stock valued at $3,083,000 after acquiring an additional 104 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on HON shares. Bank of America reissued an “underperform” rating and issued a $205.00 price objective (down previously from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft cut their target price on Honeywell International from $265.00 to $264.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Honeywell International in a research note on Monday. BNP Paribas raised Honeywell International to a “hold” rating in a research note on Wednesday, December 3rd. Finally, HSBC decreased their target price on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average price target of $236.56.

Honeywell International Trading Up 0.8%

NASDAQ HON opened at $199.89 on Thursday. The stock has a market capitalization of $126.91 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.65 and a beta of 0.96. The business has a 50 day simple moving average of $198.62 and a 200 day simple moving average of $213.78. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. Honeywell International Inc. has a one year low of $169.21 and a one year high of $228.04.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The firm had revenue of $8.95 billion for 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. Research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were issued a $1.19 dividend. The ex-dividend date was Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.4%. Honeywell International’s dividend payout ratio is 50.16%.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.