Brokers Set Expectations for Honeywell International Inc.’s Q4 2017 Earnings (HON)
Honeywell International Inc. (NYSE:HON) – Equities researchers at William Blair decreased their Q4 2017 earnings per share (EPS) estimates for Honeywell International in a research note issued to investors on Monday. William Blair analyst N. Heymann now forecasts that the conglomerate will earn $1.84 per share for the quarter, down from their previous forecast of $1.89. William Blair also issued estimates for Honeywell International’s Q1 2018 earnings at $1.82 EPS, Q2 2018 earnings at $1.97 EPS, Q3 2018 earnings at $1.93 EPS, Q4 2018 earnings at $2.03 EPS and FY2018 earnings at $7.75 EPS.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the consensus estimate of $1.75. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 EPS. ILLEGAL ACTIVITY NOTICE: “Brokers Set Expectations for Honeywell International Inc.’s Q4 2017 Earnings (HON)” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/24/brokers-set-expectations-for-honeywell-international-inc-s-q4-2017-earnings-hon.html.
Several other analysts have also commented on HON. BidaskClub lowered shares of Honeywell International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Cowen and Company restated a “buy” rating and set a $140.00 price target on shares of Honeywell International in a report on Monday, July 17th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Royal Bank Of Canada boosted their price target on shares of Honeywell International from $145.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Finally, Oppenheimer Holdings, Inc. boosted their price target on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $150.79.
Shares of Honeywell International (HON) opened at 145.92 on Tuesday. The stock’s 50 day moving average price is $141.01 and its 200-day moving average price is $135.36. Honeywell International has a 12 month low of $107.51 and a 12 month high of $146.49. The company has a market cap of $110.98 billion, a P/E ratio of 22.63 and a beta of 0.95.
Several hedge funds and other institutional investors have recently bought and sold shares of HON. Hanson McClain Inc. boosted its holdings in shares of Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares during the period. Burt Wealth Advisors boosted its holdings in shares of Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after buying an additional 300 shares during the period. Guidant Wealth Advisors boosted its holdings in shares of Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after buying an additional 104 shares during the period. Mosaic Family Wealth LLC boosted its holdings in shares of Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after buying an additional 78 shares during the period. Finally, Jolley Asset Management LLC boosted its holdings in shares of Honeywell International by 6.9% during the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after buying an additional 50 shares during the period. 75.81% of the stock is owned by institutional investors and hedge funds.
In related news, insider Timothy O. Mahoney sold 341,701 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the completion of the sale, the insider now directly owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the sale, the vice president now directly owns 1,363 shares of the company’s stock, valued at $186,267.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 354,108 shares of company stock valued at $48,886,463. 1.56% of the stock is owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.745 per share. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio is currently 40.30%.
About Honeywell International
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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