Honeywell International (NASDAQ:HON) Posts Quarterly Earnings Results, Beats Estimates By $0.25 EPS

Key Points

• Honeywell International reported quarterly earnings of $2.82 per share, beating estimates by $0.25, with a revenue of $10.41 billion also surpassing expectations.
• The company announced an increased quarterly dividend of $1.19 per share, marking a rise from the previous dividend of $1.13, with a 2.2% annualized yield.
• Following the earnings results, Honeywell's stock increased by 6.7%, closing at $220.36, with notable market activity observed during trading.

Honeywell International (NASDAQ:HON - Get Free Report) released its quarterly earnings results on Thursday. The conglomerate reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.25, Zacks reports. The firm had revenue of $10.41 billion for the quarter, compared to analysts' expectations of $10.14 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.58 earnings per share. Honeywell International updated its FY 2025 guidance to 10.600-10.700 EPS and its Q4 2025 guidance to 2.520-2.620 EPS.

Honeywell International Trading Up 6.7%

Shares of Honeywell International stock traded up $13.75 during trading on Thursday, reaching $220.36. 2,536,901 shares of the stock were exchanged, compared to its average volume of 4,076,083. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The stock's fifty day moving average is $212.00 and its 200 day moving average is $216.96. The firm has a market cap of $139.90 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 2.59 and a beta of 1.06. Honeywell International has a 1 year low of $179.36 and a 1 year high of $242.77.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This is an increase from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, November 14th. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Institutional Trading of Honeywell International

A number of institutional investors have recently modified their holdings of HON. Brighton Jones LLC lifted its holdings in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after buying an additional 1,582 shares during the period. Nebula Research & Development LLC lifted its holdings in Honeywell International by 3.1% in the second quarter. Nebula Research & Development LLC now owns 5,901 shares of the conglomerate's stock worth $1,374,000 after buying an additional 176 shares during the period. Shay Capital LLC purchased a new stake in Honeywell International in the second quarter worth about $1,095,000. Main Street Financial Solutions LLC lifted its holdings in Honeywell International by 4.4% in the second quarter. Main Street Financial Solutions LLC now owns 4,488 shares of the conglomerate's stock worth $1,045,000 after buying an additional 188 shares during the period. Finally, Lantern Wealth Advisors LLC purchased a new stake in Honeywell International in the second quarter worth about $942,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Robert W. Baird reduced their target price on Honeywell International from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Monday, October 13th. Royal Bank Of Canada reduced their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. JPMorgan Chase & Co. reduced their target price on Honeywell International from $222.00 to $212.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 15th. Finally, Jefferies Financial Group reduced their price objective on Honeywell International from $240.00 to $230.00 and set a "hold" rating on the stock in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $251.67.

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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