Honeywell International (HON) to Release Quarterly Earnings on Thursday

Honeywell International (NASDAQ:HON - Get Free Report) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Honeywell International to post earnings of $2.18 per share for the quarter. Honeywell International has set its FY 2024 guidance at 9.800-10.100 EPS and its FY24 guidance at $9.80-10.10 EPS.Persons that wish to register for the company's earnings conference call can do so using this link.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.01. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.52 earnings per share. On average, analysts expect Honeywell International to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Honeywell International Trading Up 0.4 %

HON stock traded up $0.72 during midday trading on Thursday, hitting $191.08. 2,143,186 shares of the company's stock were exchanged, compared to its average volume of 3,007,019. The business has a 50-day simple moving average of $198.41 and a two-hundred day simple moving average of $195.82. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $124.43 billion, a PE ratio of 22.47, a P/E/G ratio of 2.18 and a beta of 1.02. Honeywell International has a 1-year low of $174.88 and a 1-year high of $210.87.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.26%. Honeywell International's payout ratio is presently 51.00%.

Insider Activity

In other news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated 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 of the company's stock, valued at $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company's stock.

Institutional Investors Weigh In On Honeywell International

A number of hedge funds have recently made changes to their positions in the business. Ironwood Wealth Management LLC. increased its stake in shares of Honeywell International by 3.9% during the fourth quarter. Ironwood Wealth Management LLC. now owns 3,738 shares of the conglomerate's stock valued at $784,000 after acquiring an additional 140 shares during the period. Titleist Asset Management LLC bought a new position in shares of Honeywell International during the 1st quarter valued at $209,000. Pin Oak Investment Advisors Inc. raised its holdings in shares of Honeywell International by 64.7% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 855 shares of the conglomerate's stock valued at $177,000 after purchasing an additional 336 shares in the last quarter. Tyler Stone Wealth Management bought a new position in Honeywell International in the 2nd quarter worth $113,000. Finally, PCA Investment Advisory Services Inc. bought a new position in shares of Honeywell International during the 2nd quarter worth about $104,000. Institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on HON shares. Royal Bank of Canada lowered their target price on 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. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a report on Tuesday. Barclays boosted their price target on Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. Finally, Berenberg Bank upgraded Honeywell International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $219.67.

Honeywell International Company Profile

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.