$9.84 Billion in Sales Expected for Honeywell International Inc. (HON) This Quarter
Analysts expect that Honeywell International Inc. (NYSE:HON) will report $9.84 billion in sales for the current quarter, according to Zacks. Eight analysts have made estimates for Honeywell International’s earnings. The lowest sales estimate is $9.72 billion and the highest is $9.94 billion. Honeywell International posted sales of $9.80 billion in the same quarter last year, which suggests a positive year over year growth rate of 0.4%. The business is expected to announce its next earnings results on Friday, October 20th.
On average, analysts expect that Honeywell International will report full year sales of $9.84 billion for the current year, with estimates ranging from $39.21 billion to $39.93 billion. For the next financial year, analysts forecast that the business will report sales of $41.27 billion per share, with estimates ranging from $40.85 billion to $41.75 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Honeywell International.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.02. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.70 earnings per share.
A number of brokerages have recently issued reports on HON. BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Cowen and Company restated an “outperform” rating and set a $150.00 target price (up from $140.00) on shares of Honeywell International in a research report on Tuesday, August 8th. Morgan Stanley raised their target price on shares of Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Thursday, August 17th. Finally, Credit Suisse Group restated a “neutral” rating and set a $139.00 target price (up from $131.00) on shares of Honeywell International in a research report on Tuesday, July 25th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $139.64.
Honeywell International (HON) opened at 136.90 on Wednesday. The company’s 50-day moving average is $136.49 and its 200-day moving average is $130.38. The company has a market cap of $104.12 billion, a P/E ratio of 21.23 and a beta of 0.94. Honeywell International has a 12 month low of $105.25 and a 12 month high of $140.21.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
In other Honeywell International news, insider Timothy O. Mahoney sold 341,701 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total value of $47,182,074.08. Following the completion of the sale, the insider now owns 294,155 shares of the company’s stock, valued at $40,616,922.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Linnet F. Deily sold 4,344 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the sale, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $1,350,497.91. The disclosure for this sale can be found here. In the last three months, insiders sold 348,268 shares of company stock valued at $48,088,252. 1.56% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Sentry Investment Management LLC increased its stake in Honeywell International by 1.0% in the second quarter. Sentry Investment Management LLC now owns 58,965 shares of the conglomerate’s stock worth $7,859,000 after buying an additional 584 shares during the period. WFG Advisors LP increased its stake in Honeywell International by 5.4% in the second quarter. WFG Advisors LP now owns 4,365 shares of the conglomerate’s stock worth $582,000 after buying an additional 223 shares during the period. Toronto Dominion Bank increased its stake in Honeywell International by 25.3% in the second quarter. Toronto Dominion Bank now owns 260,604 shares of the conglomerate’s stock worth $34,730,000 after buying an additional 52,589 shares during the period. Cookson Peirce & Co. Inc. increased its stake in Honeywell International by 11,003.6% in the second quarter. Cookson Peirce & Co. Inc. now owns 185,430 shares of the conglomerate’s stock worth $24,716,000 after buying an additional 183,760 shares during the period. Finally, EP Wealth Advisors LLC increased its stake in Honeywell International by 2.7% in the second quarter. EP Wealth Advisors LLC now owns 91,637 shares of the conglomerate’s stock worth $12,214,000 after buying an additional 2,403 shares during the period. 76.49% of the stock is owned by institutional investors.
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Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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