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.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HON. Deutsche Bank Aktiengesellschaft restated a hold rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Daiwa America upgraded Honeywell International to a moderate buy rating in a research report on Wednesday, June 5th. Wells Fargo & Company decreased their target price on Honeywell International from $220.00 to $215.00 and set an equal weight rating on the stock in a research report on Friday. UBS Group upgraded 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. Finally, Royal Bank of Canada decreased their target price on Honeywell International from $218.00 to $214.00 and set a sector perform rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $224.50.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $0.29 during trading on Friday, reaching $202.74. The company had a trading volume of 7,452,531 shares, compared to its average volume of 2,405,457. Honeywell International has a twelve month low of $174.88 and a twelve month high of $220.79. The stock has a market capitalization of $132.02 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 2.11 and a beta of 1.04. The stock has a 50-day moving average price of $209.95 and a two-hundred day moving average price of $202.53. The company has a current ratio of 1.21, a quick ratio of 1.28 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.23 earnings per share. As a group, sell-side analysts predict that Honeywell International will post 10.17 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.13%. Honeywell International’s payout ratio is currently 50.06%.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the sale, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the sale, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now directly 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. Insiders own 0.41% of the company’s stock.

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.