Honeywell International (HON) Scheduled to Post Earnings on Thursday

Honeywell International (NASDAQ:HON) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Honeywell International to post earnings of $2.18 per share for the quarter. Honeywell International has set its FY 2024 guidance at 9.800-10.100 EPS and its FY24 guidance at $9.80-10.10 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the previous year, the business earned $2.52 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. On average, analysts expect Honeywell International to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Honeywell International Stock Down 0.2 %

Shares of HON opened at $190.36 on Thursday. Honeywell International has a one year low of $174.88 and a one year high of $210.87. The company has a market cap of $123.96 billion, a P/E ratio of 22.47, a P/E/G ratio of 2.22 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $198.41 and a two-hundred day simple moving average of $195.82.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.27%. Honeywell International’s payout ratio is presently 51.00%.

Analyst Ratings Changes

A number of analysts have weighed in on HON shares. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Royal Bank of Canada decreased their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday. Finally, Barclays boosted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and an average target price of $219.67.

Insider Buying and Selling

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

Institutional Trading of Honeywell International

Large investors have recently bought and sold shares of the business. Ironwood Wealth Management LLC. boosted its position in shares of Honeywell International by 2.9% during the 1st quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate’s stock worth $700,000 after purchasing an additional 100 shares in the last quarter. Fairfield Bush & CO. boosted its position in shares of Honeywell International by 5.4% during the 1st quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate’s stock worth $1,864,000 after purchasing an additional 492 shares in the last quarter. United Bank boosted its position in shares of Honeywell International by 25.0% during the 1st quarter. United Bank now owns 8,404 shares of the conglomerate’s stock worth $1,635,000 after purchasing an additional 1,683 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Honeywell International by 31.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate’s stock worth $151,949,000 after purchasing an additional 187,936 shares in the last quarter. Finally, AMI Investment Management Inc. boosted its position in shares of Honeywell International by 16.8% during the 1st quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock worth $224,000 after purchasing an additional 165 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Company 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.