Honeywell International (NASDAQ:HON) Updates Q2 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided EPS guidance of 2.250-2.350 for the period, compared to the consensus EPS estimate of 2.350. The company issued revenue guidance of $9.2 billion-$9.5 billion, compared to the consensus revenue estimate of $9.4 billion.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HON shares. Royal Bank of Canada decreased their price objective on Honeywell International from $210.00 to $209.00 and set a sector perform rating on the stock in a report on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a hold rating to a buy rating and raised their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Barclays raised their target price 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 company. According to MarketBeat.com, Honeywell International has a consensus rating of Hold and an average target price of $219.67.

Honeywell International Trading Up 0.2 %

HON stock traded up $0.43 during trading on Friday, reaching $193.45. 3,041,356 shares of the stock were exchanged, compared to its average volume of 3,018,941. The business has a 50 day moving average price of $198.25 and a 200-day moving average price of $196.22. The firm has a market capitalization of $125.97 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 2.23 and a beta of 1.02. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. Honeywell International has a 1 year low of $174.88 and a 1 year high of $210.87.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.07 earnings per share. On average, research analysts predict that Honeywell International will post 9.94 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Insider Activity

In related news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The stock was 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 approximately $36,164,646. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

About Honeywell International

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.