Honeywell International (HON) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Honeywell International in the last year. There are currently 1 sell rating, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HON shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HON, but not buy additional shares or sell existing shares.
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14 equities research analysts have issued 12-month target prices for Honeywell International's stock. Their HON share price forecasts range from $185.00 to $242.00. On average, they anticipate the company's stock price to reach $214.56 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price.
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Honeywell International's stock was trading at $214.30 at the beginning of the year. Since then, HON shares have decreased by 7.9% and is now trading at $197.32.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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Honeywell International Inc. (NASDAQ:HON) released its earnings results on Thursday, April, 27th. The conglomerate reported $2.07 EPS for the quarter, topping the consensus estimate of $1.93 by $0.14. The conglomerate had revenue of $8.86 billion for the quarter, compared to analyst estimates of $8.51 billion. Honeywell International had a net margin of 14.53% and a trailing twelve-month return on equity of 34.01%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.91 earnings per share.
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Honeywell International declared a quarterly dividend on Monday, April 24th. Shareholders of record on Friday, May 12th will be given a dividend of $1.03 per share on Friday, June 2nd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, May 11th.
Read our dividend analysis for HON.

ETFs with the largest weight of Honeywell International (NASDAQ:HON) stock in their portfolio include Invesco Aerospace & Defense ETF (PPA), Industrial Select Sector SPDR Fund (XLI), AdvisorShares Drone Technology ETF (UAV), Global X Dow 30 Covered Call ETF (DJIA), SPDR Dow Jones Industrial Average ETF Trust (DIA), Nationwide Dow Jones Risk Managed Income ETF (NDJI), Fidelity MSCI Industrials Index ETF (FIDU) and Vanguard Industrials ETF (VIS).

Honeywell International (NASDAQ:HON) pays an annual dividend of $4.12 per share and currently has a dividend yield of 2.07%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 53.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HON will have a dividend payout ratio of 41.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HON.

Honeywell International issued an update on its FY23 earnings guidance on Tuesday, May, 23rd. The company provided EPS guidance of $9.00-$9.25 for the period, compared to the consensus estimate of $9.15. The company issued revenue guidance of $36.5-$37.3 billion, compared to the consensus revenue estimate of $36.99 billion.

Honeywell International trades on the NASDAQ under the ticker symbol "HON."

Honeywell International's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.36%), State Street Corp (4.63%), Wellington Management Group LLP (3.19%), Geode Capital Management LLC (1.90%), Price T Rowe Associates Inc. MD (1.12%) and Bank of New York Mellon Corp (1.08%). Insiders that own company stock include Anne T Madden, D Scott Davis, Darius Adamczyk, George Koutsaftes, Gregory P Lewis, Honeywell International Inc, Que Dallara, Que Dallara, Rajeev Gautam and Vimal Kapur.
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Shares of HON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HON stock can currently be purchased for approximately $197.32.

Honeywell International (NASDAQ:HON) has a market capitalization of $131.35 billion and generates $35.47 billion in revenue each year. The conglomerate earns $4.97 billion in net income (profit) each year or $7.70 on an earnings per share basis.

The company employs 97,000 workers across the globe.

Honeywell International's mailing address is 300 SOUTH TRYON STREET, CHARLOTTE NC, 28202. The official website for the company is www.honeywell.com. The conglomerate can be reached via phone at (704) 627-6200, via email at investorrelations@honeywell.com, or via fax at 973-455-4807.