Honeywell International (NASDAQ:HON) Updates Q2 Earnings Guidance

Honeywell International (NASDAQ:HONGet Rating) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $1.98-2.08 for the period, compared to the consensus earnings per share estimate of $2.03. The company issued revenue guidance of $8.5-8.8 billion, compared to the consensus revenue estimate of $8.72 billion.Honeywell International also updated its FY22 guidance to $8.50-8.50 EPS.

A number of brokerages have commented on HON. Mizuho reduced their price objective on Honeywell International from $245.00 to $235.00 and set a buy rating on the stock in a research note on Friday, February 4th. StockNews.com began coverage on Honeywell International in a research note on Thursday, March 31st. They set a hold rating on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Honeywell International from $243.00 to $230.00 and set a buy rating on the stock in a research report on Thursday, April 14th. Citigroup lifted their target price on Honeywell International from $229.00 to $232.00 in a research report on Monday, May 2nd. Finally, Morgan Stanley dropped their target price on Honeywell International from $212.00 to $211.00 and set an equal weight rating on the stock in a research report on Thursday, April 7th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $227.14.

Shares of NASDAQ HON opened at $189.58 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $193.25 and a 200-day simple moving average of $196.64. The company has a market cap of $129.05 billion, a PE ratio of 25.18, a P/E/G ratio of 2.30 and a beta of 1.06. Honeywell International has a 12-month low of $174.42 and a 12-month high of $236.86.

Honeywell International (NASDAQ:HONGet Rating) last issued its quarterly earnings data on Friday, April 29th. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. The business had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.29 billion. Honeywell International had a return on equity of 30.04% and a net margin of 15.30%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.92 earnings per share. Sell-side analysts forecast that Honeywell International will post 8.69 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Friday, May 13th will be given a $0.98 dividend. The ex-dividend date is Thursday, May 12th. This represents a $3.92 dividend on an annualized basis and a yield of 2.07%. Honeywell International’s dividend payout ratio (DPR) is 52.06%.

In other Honeywell International news, CEO Darius Adamczyk sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $194.52, for a total value of $7,780,800.00. Following the completion of the sale, the chief executive officer now directly owns 165,015 shares in the company, valued at $32,098,717.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.

A number of large investors have recently made changes to their positions in HON. Monolith Advisors acquired a new stake in Honeywell International during the 4th quarter valued at $40,000. SkyView Investment Advisors LLC acquired a new position in shares of Honeywell International in the fourth quarter worth $41,000. Covestor Ltd boosted its holdings in Honeywell International by 101.3% in the first quarter. Covestor Ltd now owns 459 shares of the conglomerate’s stock worth $89,000 after purchasing an additional 231 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Honeywell International in the fourth quarter worth $201,000. Finally, AMI Investment Management Inc. boosted its holdings in Honeywell International by 16.8% in the first quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock worth $224,000 after purchasing an additional 165 shares in the last quarter. 74.27% of the stock is currently owned by institutional investors.

About Honeywell International (Get Rating)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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Earnings History and Estimates for Honeywell International (NASDAQ:HON)

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