Honeywell International (NASDAQ:HON) Issues FY 2025 Earnings Guidance

Key Points

• Honeywell International has issued its FY 2025 earnings guidance with an EPS forecast of 10.600-10.700, exceeding the consensus estimate of 10.510.
• The company announced a quarterly dividend increase, now at $1.19, which represents an annualized yield of 2.3%.
• Institutional investors own 75.91% of Honeywell's stock, indicating significant institutional interest in the company.

Honeywell International (NASDAQ:HON - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 10.600-10.700 for the period, compared to the consensus EPS estimate of 10.510. The company issued revenue guidance of $40.7 billion-$40.9 billion, compared to the consensus revenue estimate of $40.8 billion.

Honeywell International Price Performance

HON stock opened at $206.61 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International has a 12 month low of $179.36 and a 12 month high of $242.77. The firm has a market cap of $131.18 billion, a P/E ratio of 23.51, a P/E/G ratio of 2.59 and a beta of 1.06. The company's 50-day moving average price is $212.00 and its two-hundred day moving average price is $216.96.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. 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. FY 2023 guidance at 9.100-9.200 EPS. On average, analysts anticipate that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's payout ratio is currently 51.42%.

Analyst Ratings Changes

Several brokerages recently commented on HON. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $230.00 to $220.00 and set an "equal weight" rating for the company in a research note on Monday, October 6th. Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada dropped their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $222.00 to $212.00 and set a "neutral" rating for the company in a research note on Wednesday, October 15th. Finally, Robert W. Baird dropped their price objective on shares of Honeywell International from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and a consensus target price of $251.67.

Insider Buying and Selling

In other news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its position in shares of Honeywell International by 48.1% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 374,410 shares of the conglomerate's stock worth $87,324,000 after purchasing an additional 121,572 shares during the period. Brooks Moore & Associates Inc. grew its stake in shares of Honeywell International by 2.1% in the 2nd quarter. Brooks Moore & Associates Inc. now owns 18,975 shares of the conglomerate's stock valued at $4,219,000 after buying an additional 382 shares during the period. U S Wealth Group LLC. grew its stake in shares of Honeywell International by 7.3% in the 2nd quarter. U S Wealth Group LLC. now owns 10,816 shares of the conglomerate's stock valued at $2,519,000 after buying an additional 734 shares during the period. Resources Management Corp CT ADV grew its stake in shares of Honeywell International by 6.1% in the 2nd quarter. Resources Management Corp CT ADV now owns 22,075 shares of the conglomerate's stock valued at $5,141,000 after buying an additional 1,270 shares during the period. Finally, Equitable Holdings Inc. grew its stake in shares of Honeywell International by 12.1% in the 2nd quarter. Equitable Holdings Inc. now owns 46,758 shares of the conglomerate's stock valued at $10,889,000 after buying an additional 5,030 shares during the period. Institutional investors and hedge funds own 75.91% 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.

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