Honeywell International (NASDAQ:HON - Get Free Report) announced its quarterly earnings data on Thursday. The conglomerate reported $2.25 EPS for the quarter, beating analysts' consensus estimates of $2.17 by $0.08, RTT News reports. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the prior year, the firm posted $2.07 EPS. The company's quarterly revenue was up 2.7% compared to the same quarter last year. Honeywell International updated its FY 2024 guidance to 9.800-10.100 EPS and its FY24 guidance to $9.80-10.10 EPS.
Honeywell International Price Performance
Shares of HON traded down $1.77 during trading hours on Thursday, reaching $193.02. The stock had a trading volume of 3,894,245 shares, compared to its average volume of 3,018,661. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. Honeywell International has a 12 month low of $174.88 and a 12 month high of $210.87. The stock has a market capitalization of $125.69 billion, a PE ratio of 22.79, a PEG ratio of 2.25 and a beta of 1.02. The company's 50-day moving average is $198.25 and its two-hundred day moving average is $196.22.
Honeywell International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International's dividend payout ratio (DPR) is presently 51.00%.
Insider Buying and Selling at Honeywell International
In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now owns 183,400 shares in the company, valued at $36,164,646. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.41% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Berenberg Bank raised Honeywell International from a "hold" rating to a "buy" rating and upped their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Royal Bank of Canada reduced their target price on shares of Honeywell International from $210.00 to $209.00 and set a "sector perform" rating for the company in a research note on Friday, February 2nd. Finally, Barclays boosted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of "Hold" and a consensus price target of $219.67.
Read Our Latest Report on HON
About Honeywell International
(
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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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