Honeywell International Inc. (HON) Set to Announce Quarterly Earnings on Thursday
Honeywell International Inc. (NYSE:HON) will announce its Q3 2017 earnings results before the market opens on Thursday, October 19th. Analysts expect the company to announce earnings of $1.74 per share for the quarter. Honeywell International has set its FY17 guidance at $7.00-7.10 EPS and its Q3 guidance at $1.70-1.75 EPS.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. On average, analysts expect Honeywell International to post $7.09 EPS for the current fiscal year and $7.78 EPS for the next fiscal year.
Honeywell International Inc. (NYSE:HON) opened at 142.72 on Thursday. Honeywell International Inc. has a one year low of $106.55 and a one year high of $145.30. The company has a market cap of $108.55 billion, a P/E ratio of 22.13 and a beta of 0.95. The company’s 50 day moving average price is $139.47 and its 200-day moving average price is $134.16.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.745 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
A number of brokerages recently issued reports on HON. Oppenheimer Holdings, Inc. raised their price target on Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Cowen and Company reissued a “buy” rating and set a $140.00 price target on shares of Honeywell International in a research note on Monday, July 17th. Robert W. Baird reissued a “buy” rating and set a $156.00 price target (up from $140.00) on shares of Honeywell International in a research note on Wednesday. HSBC Holdings plc began coverage on Honeywell International in a research note on Wednesday, June 21st. They set a “buy” rating and a $147.00 price target for the company. Finally, BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Honeywell International has a consensus rating of “Buy” and a consensus price target of $147.85.
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In other news, insider Timothy O. Mahoney sold 341,701 shares of Honeywell International 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 transaction, the insider now directly owns 294,155 shares in the company, valued at approximately $40,616,922.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jennifer H. Mak sold 420 shares of Honeywell International stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the completion of the transaction, the vice president now owns 1,363 shares in the company, valued at $186,267.58. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock worth $48,886,463 over the last quarter. Company insiders own 1.56% of the company’s stock.
Large investors have recently made changes to their positions in the company. JT Stratford LLC increased its holdings in shares of Honeywell International by 27.9% in the 2nd quarter. JT Stratford LLC now owns 2,684 shares of the conglomerate’s stock valued at $358,000 after acquiring an additional 585 shares during the period. San Francisco Sentry Investment Group CA increased its holdings in shares of Honeywell International by 28.7% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 29,411 shares of the conglomerate’s stock valued at $3,920,000 after acquiring an additional 6,560 shares during the period. Shelton Capital Management purchased a new position in shares of Honeywell International in the 2nd quarter valued at $3,401,000. Sii Investments Inc. WI increased its holdings in shares of Honeywell International by 1.9% in the 2nd quarter. Sii Investments Inc. WI now owns 6,486 shares of the conglomerate’s stock valued at $862,000 after acquiring an additional 119 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co increased its holdings in shares of Honeywell International by 115.9% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 7,450 shares of the conglomerate’s stock valued at $993,000 after acquiring an additional 4,000 shares during the period. Institutional investors and hedge funds own 75.77% of the company’s stock.
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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