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

Czech National Bank lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,251 shares of the conglomerate’s stock after purchasing an additional 4,157 shares during the quarter. Czech National Bank’s holdings in Honeywell International were worth $33,943,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Triton Financial Group Inc purchased a new stake in shares of Honeywell International in the second quarter worth approximately $1,001,000. Amundi grew its holdings in Honeywell International by 30.2% during the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock worth $107,450,000 after buying an additional 120,706 shares in the last quarter. Managed Asset Portfolios LLC raised its position in Honeywell International by 2.3% in the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after buying an additional 2,154 shares during the last quarter. Baxter Bros Inc. lifted its stake in Honeywell International by 14.6% during the 2nd quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after acquiring an additional 4,543 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in Honeywell International by 11.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock worth $6,035,000 after acquiring an additional 2,915 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Honeywell International stock opened at $199.89 on Thursday. The business’s 50 day simple moving average is $198.62 and its 200 day simple moving average is $213.78. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. The company has a market cap of $126.91 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.65 and a beta of 0.96. 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 (NASDAQ:HON) last issued its 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 firm 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 forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.4%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend was Friday, November 14th. Honeywell International’s payout ratio is currently 50.16%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HON shares. BNP Paribas raised shares of Honeywell International to a “hold” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Wells Fargo & Company reduced their target price on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating for the company in a report on Friday, November 14th. Barclays decreased their price target on Honeywell International from $270.00 to $269.00 and set an “overweight” rating for the company in a research report on Thursday, December 4th. Finally, 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 report on Tuesday, November 18th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $236.56.

About Honeywell International

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.