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Honeywell International Inc. (NASDAQ:HON) Expected to Earn Q2 2024 Earnings of $2.35 Per Share

Honeywell International logo with Multi-Sector Conglomerates background

Honeywell International Inc. (NASDAQ:HON - Free Report) - Investment analysts at Zacks Research lifted their Q2 2024 earnings estimates for shares of Honeywell International in a report issued on Tuesday, June 18th. Zacks Research analyst R. Department now expects that the conglomerate will post earnings per share of $2.35 for the quarter, up from their prior forecast of $2.32. The consensus estimate for Honeywell International's current full-year earnings is $10.24 per share. Zacks Research also issued estimates for Honeywell International's Q3 2024 earnings at $2.52 EPS, FY2024 earnings at $10.15 EPS, Q2 2025 earnings at $2.52 EPS, Q3 2025 earnings at $2.64 EPS and Q1 2026 earnings at $2.41 EPS.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.07 EPS.

A number of other analysts have also issued reports on HON. Daiwa America raised Honeywell International to a "moderate buy" rating in a research report on Wednesday, June 5th. UBS Group upgraded shares of Honeywell International from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Citigroup boosted their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a "buy" rating in a research note on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, StockNews.com upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and an average target price of $224.75.


Check Out Our Latest Analysis on Honeywell International

Honeywell International Trading Up 0.4 %

NASDAQ HON traded up $0.95 on Friday, reaching $215.09. The stock had a trading volume of 7,928,951 shares, compared to its average volume of 2,945,337. The firm has a market capitalization of $140.06 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 2.26 and a beta of 1.03. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. Honeywell International has a 12-month low of $174.88 and a 12-month high of $216.08. The stock has a fifty day moving average price of $201.62 and a two-hundred day moving average price of $200.85.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HON. WINTON GROUP Ltd purchased a new position in Honeywell International during the third quarter worth about $203,000. V Square Quantitative Management LLC acquired a new position in Honeywell International during the third quarter worth about $185,000. Regal Investment Advisors LLC grew its position in Honeywell International by 8.8% during the third quarter. Regal Investment Advisors LLC now owns 1,717 shares of the conglomerate's stock worth $317,000 after buying an additional 139 shares during the period. Dark Forest Capital Management LP acquired a new position in Honeywell International during the third quarter worth about $352,000. Finally, LPL Financial LLC grew its position in Honeywell International by 12.4% during the third quarter. LPL Financial LLC now owns 550,001 shares of the conglomerate's stock worth $101,607,000 after buying an additional 60,541 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 completion of the transaction, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Gregory P. Lewis sold 25,209 shares of the company'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 completion of the sale, the chief financial officer now directly owns 55,471 shares of the company's stock, valued at $10,709,231.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Darius Adamczyk sold 28,500 shares of the company's stock in a transaction dated 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 completion of the sale, the director now directly owns 203,510 shares of the company's stock, valued at $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.01%. Honeywell International's dividend payout ratio is presently 50.06%.

About Honeywell International

(Get Free Report)

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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Earnings History and Estimates for Honeywell International (NASDAQ:HON)

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