Honeywell International (NYSE:HON) updated its third quarter 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.97-2.02 for the period, compared to the Thomson Reuters consensus estimate of $2.01. The company issued revenue guidance of $9-9.2 billion, compared to the consensus revenue estimate of $9.12 billion.
Several brokerages recently weighed in on HON. ValuEngine lowered shares of Honeywell International from a buy rating to a hold rating in a research report on Tuesday, August 6th. Royal Bank of Canada set a $177.00 price objective on shares of Honeywell International and gave the company a buy rating in a research report on Friday, July 19th. Zacks Investment Research raised shares of Honeywell International from a hold rating to a buy rating and set a $182.00 price objective on the stock in a research report on Monday, July 22nd. Credit Suisse Group raised their price objective on shares of Honeywell International from $185.00 to $187.00 and gave the company an outperform rating in a research report on Friday, July 19th. Finally, Citigroup raised their price objective on shares of Honeywell International from $189.00 to $197.00 and gave the company a buy rating in a research report on Monday. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $183.58.
Shares of HON stock opened at $171.45 on Thursday. Honeywell International has a 12 month low of $123.48 and a 12 month high of $178.47. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $166.48 and its two-hundred day moving average is $166.55. The company has a market cap of $122.07 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 2.26 and a beta of 1.10.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the consensus estimate of $2.08 by $0.02. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The company had revenue of $9.24 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter last year, the company posted $2.12 earnings per share. The company’s revenue for the quarter was down 15.3% compared to the same quarter last year. As a group, equities analysts expect that Honeywell International will post 8.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a dividend of $0.82 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.28 annualized dividend and a yield of 1.91%. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.
In other news, Director Jaime Chico Pardo sold 7,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $165.92, for a total value of $1,161,440.00. Following the sale, the director now owns 7,103 shares in the company, valued at $1,178,529.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Rajeev Gautam sold 10,984 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the completion of the sale, the chief executive officer now owns 28,920 shares in the company, valued at approximately $4,739,409.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,133 shares of company stock worth $4,141,655. Corporate insiders own 0.73% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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