Q2 2023 EPS Estimates for Honeywell International Inc. Reduced by Analyst (NASDAQ:HON)

Honeywell International Inc. (NASDAQ:HON – Get Rating) – Equities researchers at Zacks Research reduced their Q2 2023 EPS estimates for shares of Honeywell International in a research note issued on Thursday, May 11th. Zacks Research analyst E. Haque now forecasts that the conglomerate will post earnings of $2.17 per share for the quarter, down from their previous forecast of $2.19. The consensus estimate for Honeywell International’s current full-year earnings is $9.17 per share. Zacks Research also issued estimates for Honeywell International’s Q3 2023 earnings at $2.24 EPS, FY2023 earnings at $9.00 EPS, Q1 2024 earnings at $2.14 EPS, Q2 2024 earnings at $2.35 EPS, Q3 2024 earnings at $2.47 EPS and Q1 2025 earnings at $2.24 EPS.

Several other research firms also recently commented on HON. Morgan Stanley upped their price target on shares of Honeywell International from $209.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, February 3rd. JPMorgan Chase & Co. upped their price target on Honeywell International from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. UBS Group lowered their price objective on shares of Honeywell International from $193.00 to $185.00 and set a “sell” rating on the stock in a research report on Tuesday, February 28th. Royal Bank of Canada upped their price objective on shares of Honeywell International from $204.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 29th. Finally, Citigroup raised their target price on shares of Honeywell International from $240.00 to $242.00 in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $214.56.

Honeywell International Stock Down 0.2 %

Honeywell International stock opened at $193.62 on Monday. The stock has a 50-day simple moving average of $193.53 and a 200-day simple moving average of $200.00. The company has a market capitalization of $128.89 billion, a P/E ratio of 25.15, a PEG ratio of 2.36 and a beta of 1.09. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.94 and a current ratio of 1.26. Honeywell International has a fifty-two week low of $166.63 and a fifty-two week high of $220.96.

Honeywell International (NASDAQ:HON – Get Rating) last posted its earnings results on Thursday, April 27th. The conglomerate reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.14. Honeywell International had a return on equity of 34.01% and a net margin of 14.53%. The firm had revenue of $8.86 billion during the quarter, compared to analysts’ expectations of $8.51 billion. During the same quarter in the previous year, the business earned $1.91 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 12th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, May 11th. Honeywell International’s payout ratio is currently 53.51%.

Insider Buying and Selling

In related news, COO Vimal Kapur sold 6,500 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $197.46, for a total value of $1,283,490.00. Following the sale, the chief operating officer now directly owns 8,622 shares in the company, valued at approximately $1,702,500.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. True Wealth Design LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth about $31,000. Silicon Valley Capital Partners purchased a new stake in shares of Honeywell International in the fourth quarter valued at $33,000. Knuff & Co LLC acquired a new position in Honeywell International in the first quarter valued at $31,000. Trifecta Capital Advisors LLC purchased a new position in Honeywell International during the fourth quarter worth about $36,000. Finally, Magellan Asset Management Ltd acquired a new stake in Honeywell International in the 1st quarter worth about $32,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Company Profile

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.