Honeywell International Inc. (NYSE:HON) – William Blair increased their Q1 2019 earnings estimates for shares of Honeywell International in a research report issued on Wednesday, March 13th. William Blair analyst N. Heymann now expects that the conglomerate will earn $1.85 per share for the quarter, up from their prior forecast of $1.80.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, February 1st. The conglomerate reported $1.91 EPS for the quarter, beating the consensus estimate of $1.88 by $0.03. The business had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.72 billion. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the firm earned $1.85 EPS.
Several other analysts have also recently commented on the company. Deutsche Bank raised their price target on Honeywell International to $160.00 and gave the company a “buy” rating in a report on Monday, February 4th. UBS Group reissued a “top pick” rating on shares of Honeywell International in a report on Thursday, January 10th. CIBC reissued a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. Oppenheimer reissued a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. Finally, Royal Bank of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price target for the company in a report on Thursday, January 3rd. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $168.88.
HON opened at $155.25 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $113.01 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 2.16 and a beta of 1.10. Honeywell International has a 12 month low of $123.48 and a 12 month high of $167.72.
A number of hedge funds have recently modified their holdings of the stock. American Century Companies Inc. increased its position in Honeywell International by 10.1% during the fourth quarter. American Century Companies Inc. now owns 1,716,686 shares of the conglomerate’s stock worth $226,809,000 after buying an additional 157,522 shares in the last quarter. Sowell Financial Services LLC increased its position in Honeywell International by 5.5% during the fourth quarter. Sowell Financial Services LLC now owns 2,703 shares of the conglomerate’s stock worth $357,000 after buying an additional 140 shares in the last quarter. Fulcrum Equity Management purchased a new position in Honeywell International during the fourth quarter worth $277,000. Actinver Wealth Management Inc. purchased a new position in Honeywell International during the fourth quarter worth $1,800,000. Finally, Financial Advocates Investment Management increased its position in Honeywell International by 104.4% during the fourth quarter. Financial Advocates Investment Management now owns 16,241 shares of the conglomerate’s stock worth $1,179,000 after buying an additional 8,296 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Timothy O. Mahoney sold 73,352 shares of Honeywell International stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the completion of the transaction, the insider now directly owns 305,505 shares of the company’s stock, valued at $47,139,421.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Linnet F. Deily sold 4,234 shares of Honeywell International stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $148.75, for a total value of $629,807.50. Following the transaction, the director now directly owns 11,369 shares of the company’s stock, valued at $1,691,138.75. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 22nd were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $3.28 annualized dividend and a yield of 2.11%. Honeywell International’s dividend payout ratio is presently 40.95%.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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