Wall Street analysts predict that Honeywell International Inc. (NYSE:HON) will report sales of $10.74 billion for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Honeywell International’s earnings, with estimates ranging from $10.58 billion to $10.86 billion. Honeywell International reported sales of $10.12 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The company is scheduled to issue its next earnings report on Friday, October 19th.
According to Zacks, analysts expect that Honeywell International will report full year sales of $43.42 billion for the current fiscal year, with estimates ranging from $43.28 billion to $43.62 billion. For the next financial year, analysts expect that the company will post sales of $45.31 billion per share, with estimates ranging from $44.92 billion to $45.68 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Honeywell International.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 20th. The conglomerate reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.11. The business had revenue of $10.92 billion during the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $1.80 earnings per share.
A number of equities analysts have issued reports on HON shares. Morgan Stanley started coverage on shares of Honeywell International in a report on Monday, August 20th. They issued an “overweight” rating and a $175.00 target price on the stock. Barclays raised their target price on shares of Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, August 24th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a report on Tuesday, July 31st. Cowen reissued a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a report on Friday, August 24th. Finally, Citigroup raised their target price on shares of Honeywell International from $191.00 to $196.00 and gave the stock a “$153.70” rating in a report on Monday, July 23rd. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $172.94.
Shares of NYSE HON opened at $165.71 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.70. Honeywell International has a 52-week low of $136.86 and a 52-week high of $165.86. The stock has a market capitalization of $121.09 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Friday, August 17th were issued a dividend of $0.745 per share. The ex-dividend date was Thursday, August 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.80%. Honeywell International’s dividend payout ratio (DPR) is presently 41.91%.
In other news, insider Vimal Kapur sold 9,996 shares of Honeywell International stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the sale, the insider now owns 16,131 shares of the company’s stock, valued at $2,568,861.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Linnet F. Deily sold 3,066 shares of Honeywell International stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $158.12, for a total value of $484,795.92. Following the sale, the director now directly owns 11,787 shares in the company, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Weatherly Asset Management L. P. grew its position in Honeywell International by 3.9% in the second quarter. Weatherly Asset Management L. P. now owns 8,543 shares of the conglomerate’s stock worth $1,231,000 after buying an additional 323 shares during the last quarter. Parthenon LLC grew its position in Honeywell International by 16.0% in the second quarter. Parthenon LLC now owns 2,392 shares of the conglomerate’s stock worth $345,000 after buying an additional 330 shares during the last quarter. Bank of The Ozarks grew its position in Honeywell International by 3.1% in the second quarter. Bank of The Ozarks now owns 11,127 shares of the conglomerate’s stock worth $1,603,000 after buying an additional 334 shares during the last quarter. Thompson Davis & CO. Inc. grew its position in Honeywell International by 40.6% in the second quarter. Thompson Davis & CO. Inc. now owns 1,195 shares of the conglomerate’s stock worth $172,000 after buying an additional 345 shares during the last quarter. Finally, InterOcean Capital LLC grew its position in Honeywell International by 15.4% in the second quarter. InterOcean Capital LLC now owns 2,637 shares of the conglomerate’s stock worth $380,000 after buying an additional 352 shares during the last quarter. 74.64% of the stock is currently owned by institutional investors.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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