Honeywell International (NASDAQ:HON) Updates Q2 2022 Earnings Guidance

Honeywell International (NASDAQ:HONGet Rating) updated its second quarter 2022 earnings guidance on Wednesday. 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 $8.50 billion-$8.80 billion, compared to the consensus revenue estimate of $8.72 billion.Honeywell International also updated its FY 2022 guidance to $8.50-$8.80 EPS.

Several research firms recently issued reports on HON. TheStreet downgraded shares of Honeywell International from a b rating to a c+ rating in a research note on Friday, April 29th. Mizuho decreased their price objective on shares of Honeywell International from $245.00 to $235.00 and set a buy rating for the company in a report on Friday, February 4th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Honeywell International from $243.00 to $230.00 and set a buy rating for the company in a report on Thursday, April 14th. Credit Suisse Group decreased their price objective on shares of Honeywell International from $226.00 to $211.00 and set a neutral rating for the company in a report on Friday, February 4th. Finally, Wells Fargo & Company raised their price objective on shares of Honeywell International from $196.00 to $203.00 in a report on Monday, May 2nd. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $227.14.

NASDAQ HON opened at $189.96 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.21 and a quick ratio of 0.94. The company’s 50 day simple moving average is $193.18 and its 200 day simple moving average is $196.52. Honeywell International has a 12 month low of $174.42 and a 12 month high of $236.86. The company has a market capitalization of $129.31 billion, a P/E ratio of 25.23, a PEG ratio of 2.30 and a beta of 1.06.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Friday, May 13th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.06%. Honeywell International’s dividend payout ratio is currently 52.06%.

In other Honeywell International news, CEO Darius Adamczyk sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were 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 of the company’s stock, valued at $32,098,717.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Monolith Advisors acquired a new stake in shares of Honeywell International in the fourth quarter worth $40,000. SkyView Investment Advisors LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth $41,000. Covestor Ltd lifted its stake in shares of Honeywell International by 101.3% in the first quarter. Covestor Ltd now owns 459 shares of the conglomerate’s stock worth $89,000 after buying an additional 231 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth $201,000. Finally, AMI Investment Management Inc. lifted its stake in shares of 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 buying an additional 165 shares during the last quarter. 74.27% of the stock is owned by institutional investors.

Honeywell International Company Profile (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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