Honeywell International (HON) Scheduled to Post Earnings on Thursday

Honeywell International (NASDAQ:HON) will release its earnings data before the market opens on Thursday, April 25th. Analysts expect Honeywell International to post earnings of $2.18 per share for the quarter. Honeywell International has set its FY 2024 guidance at 9.800-10.100 EPS and its FY24 guidance at $9.80-10.10 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same period last year, the firm earned $2.52 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts expect Honeywell International to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Honeywell International Stock Down 0.2 %

Shares of NASDAQ:HON opened at $190.36 on Thursday. The firm has a fifty day moving average price of $198.41 and a two-hundred day moving average price of $195.82. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. Honeywell International has a one year low of $174.88 and a one year high of $210.87. The company has a market cap of $123.96 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 2.22 and a beta of 1.02.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio is currently 51.00%.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Honeywell International

A number of hedge funds have recently modified their holdings of HON. Moneta Group Investment Advisors LLC increased its position in shares of Honeywell International by 101,603.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock valued at $1,223,139,000 after acquiring an additional 5,701,989 shares during the period. Legal & General Group Plc increased its position in shares of Honeywell International by 30.6% during the fourth quarter. Legal & General Group Plc now owns 4,898,044 shares of the conglomerate’s stock valued at $1,027,171,000 after buying an additional 1,146,551 shares during the period. Nuveen Asset Management LLC increased its position in shares of Honeywell International by 14.8% during the fourth quarter. Nuveen Asset Management LLC now owns 7,693,802 shares of the conglomerate’s stock valued at $1,613,467,000 after buying an additional 994,681 shares during the period. Deutsche Bank AG increased its position in shares of Honeywell International by 80.7% during the first quarter. Deutsche Bank AG now owns 1,838,191 shares of the conglomerate’s stock valued at $351,315,000 after buying an additional 821,001 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Honeywell International by 28.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,089,082 shares of the conglomerate’s stock valued at $661,990,000 after buying an additional 684,138 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $219.67.

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.