Honeywell International (NASDAQ:HON - Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $9.80-10.10 for the period, compared to the consensus earnings per share estimate of $9.95. The company issued revenue guidance of $38.1-38.9 billion, compared to the consensus revenue estimate of $38.51 billion. Honeywell International also updated its FY 2024 guidance to 9.800-10.100 EPS.
Honeywell International Stock Down 0.9 %
Shares of Honeywell International stock traded down $1.77 on Thursday, hitting $193.02. The company had a trading volume of 3,894,245 shares, compared to its average volume of 3,018,661. The firm has a market capitalization of $125.69 billion, a P/E ratio of 22.79, a P/E/G ratio of 2.25 and a beta of 1.02. Honeywell International has a twelve month low of $174.88 and a twelve month high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The stock has a 50-day moving average of $198.25 and a 200-day moving average of $196.22.
Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $9.03 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.07 earnings per share. Research analysts predict that Honeywell International will post 9.94 earnings per share for the current year.
Honeywell International Dividend Announcement
The firm also recently announced 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 yield of 2.24%. The ex-dividend date was Thursday, February 29th. Honeywell International's payout ratio is 51.00%.
Analyst Upgrades and Downgrades
HON has been the subject of several recent research reports. Berenberg Bank upgraded shares of Honeywell International from a hold rating to a buy rating and increased their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft restated a hold rating and set a $215.00 target price (down previously 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 report on Friday, February 2nd. Finally, Barclays upped their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $219.67.
Check Out Our Latest Analysis on HON
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 value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company's stock, valued at $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.41% of the company's stock.
Honeywell International Company Profile
(
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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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