Honeywell International Inc. (NYSE:HON) – Research analysts at Oppenheimer lowered their FY2018 earnings estimates for shares of Honeywell International in a report released on Wednesday. Oppenheimer analyst C. Glynn now forecasts that the conglomerate will post earnings per share of $7.70 for the year, down from their prior estimate of $7.75. Oppenheimer currently has a “Outperform” rating and a $168.00 target price on the stock.

Honeywell International (NYSE:HON) last released its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 EPS.

Other equities analysts have also recently issued reports about the stock. Cowen reiterated a “buy” rating and set a $150.00 target price on shares of Honeywell International in a research note on Tuesday, October 10th. Citigroup upped their target price on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Jefferies Group reissued a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a report on Thursday, September 28th. Royal Bank of Canada set a $148.00 price target on shares of Honeywell International and gave the company a “buy” rating in a report on Sunday, August 27th. Finally, Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $153.00 price target on the stock in a report on Thursday, August 24th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and an average target price of $159.79.

Honeywell International (HON) traded up $1.02 during trading hours on Monday, reaching $154.25. 4,293,800 shares of the company traded hands, compared to its average volume of 2,727,897. The firm has a market cap of $116,647.13, a PE ratio of 22.18, a P/E/G ratio of 2.35 and a beta of 0.99. Honeywell International has a 1 year low of $113.60 and a 1 year high of $156.70. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54.

Honeywell International announced that its Board of Directors has approved a share repurchase program on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is 45.15%.

In other news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the sale, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the sale, the director now directly owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Schulhoff & Co. Inc. grew its holdings in Honeywell International by 1.8% during the 2nd quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock worth $1,524,000 after acquiring an additional 203 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Honeywell International by 5.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock worth $29,184,000 after acquiring an additional 11,091 shares during the last quarter. Edgestream Partners L.P. grew its holdings in Honeywell International by 331.4% during the 1st quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock worth $1,693,000 after acquiring an additional 10,413 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Honeywell International by 80.2% during the 2nd quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock worth $4,436,000 after acquiring an additional 14,816 shares during the last quarter. Finally, Buckingham Capital Management Inc. grew its holdings in Honeywell International by 3.1% during the 1st quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock worth $3,179,000 after acquiring an additional 766 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Honeywell International (NYSE:HON)

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