Honeywell International (NASDAQ:HON) Updates Q3 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) updated its third quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 2.450-2.550 for the period, compared to the consensus earnings per share estimate of 2.570. The company issued revenue guidance of $9.8 billion-$10.0 billion, compared to the consensus revenue estimate of $9.8 billion.

Honeywell International Stock Up 0.1 %

Honeywell International stock traded up $0.29 during midday trading on Friday, hitting $202.74. 7,452,531 shares of the company’s stock were exchanged, compared to its average volume of 2,405,457. Honeywell International has a 12 month low of $174.88 and a 12 month high of $220.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.28 and a current ratio of 1.21. The company has a market cap of $132.02 billion, a PE ratio of 23.49, a P/E/G ratio of 2.11 and a beta of 1.04. The firm has a 50-day moving average of $209.95 and a two-hundred day moving average of $202.53.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the previous year, the firm posted $2.23 earnings per share. Honeywell International’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts expect that Honeywell International will post 10.15 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, August 16th. Honeywell International’s payout ratio is 50.06%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Daiwa America upgraded Honeywell International to a moderate buy rating in a research note on Wednesday, June 5th. StockNews.com upgraded Honeywell International from a hold rating to a buy rating in a research note on Wednesday, May 15th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $220.00 to $215.00 and set an equal weight rating for the company in a research report on Friday. Finally, UBS Group raised shares of Honeywell International from a sell rating to a neutral rating and boosted their target price for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Honeywell International presently has a consensus rating of Moderate Buy and an average target price of $224.50.

Insider Transactions at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the sale, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the sale, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

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.