What is Zacks Research's Forecast for HON FY2027 Earnings?

Honeywell International Inc. (NASDAQ:HON - Free Report) - Research analysts at Zacks Research lowered their FY2027 earnings per share estimates for shares of Honeywell International in a research report issued to clients and investors on Monday, June 23rd. Zacks Research analyst R. Department now expects that the conglomerate will post earnings per share of $12.06 for the year, down from their prior estimate of $12.11. The consensus estimate for Honeywell International's current full-year earnings is $10.34 per share.

Several other analysts have also recently commented on HON. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Citigroup increased their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $226.00 price objective on shares of Honeywell International in a research note on Wednesday. Finally, Wells Fargo & Company boosted their target price on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $249.21.

Honeywell International Price Performance

Shares of HON traded down $2.81 during mid-day trading on Wednesday, hitting $221.79. The company's stock had a trading volume of 3,003,733 shares, compared to its average volume of 3,809,368. The firm has a 50-day simple moving average of $217.13 and a 200 day simple moving average of $215.75. Honeywell International has a 1-year low of $179.36 and a 1-year high of $242.77. The firm has a market capitalization of $142.54 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.62 and a beta of 1.08. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same period in the prior year, the company posted $2.25 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis.

Hedge Funds Weigh In On Honeywell International

Institutional investors have recently added to or reduced their stakes in the business. World Investment Advisors increased its stake in shares of Honeywell International by 137.7% during the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after acquiring an additional 12,969 shares during the last quarter. Coordinated Financial Services Inc. purchased a new position in Honeywell International during the fourth quarter worth approximately $361,000. Schroder Investment Management Group raised its stake in Honeywell International by 12.7% during the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after purchasing an additional 10,092 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Honeywell International during the 4th quarter valued at $435,786,000. Finally, Dynasty Wealth Management LLC increased its holdings in shares of Honeywell International by 52.1% during the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock worth $2,559,000 after buying an additional 3,879 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is 51.95%.

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.