Zacks Research Issues Pessimistic Forecast for HON Earnings

Honeywell International Inc. (NASDAQ:HON) – Investment analysts at Zacks Research cut their Q1 2027 earnings per share estimates for Honeywell International in a research report issued on Monday, June 23rd. Zacks Research analyst R. Department now expects that the conglomerate will post earnings of $2.90 per share for the quarter, down from their previous estimate of $2.93. The consensus estimate for Honeywell International’s current full-year earnings is $10.34 per share.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.25 earnings per share.

HON has been the topic of several other reports. Barclays boosted their price target on Honeywell International from $243.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, June 18th. Citigroup upped their target price on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. upped their target price on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Finally, Wells Fargo & Company upped their target price on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $249.21.

Honeywell International Stock Performance

NASDAQ:HON opened at $228.85 on Thursday. The stock has a market cap of $147.08 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 2.64 and a beta of 1.08. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The stock’s 50-day moving average is $218.94 and its 200-day moving average is $215.80. Honeywell International has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Hedge Funds Weigh In On Honeywell International

Several institutional investors have recently added to or reduced their stakes in the business. Maia Wealth LLC lifted its stake in Honeywell International by 4.1% in the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock valued at $238,000 after buying an additional 47 shares during the period. Kirtland Hills Capital Management LLC raised its position in shares of Honeywell International by 1.1% during the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate’s stock worth $870,000 after purchasing an additional 48 shares during the period. Sound View Wealth Advisors Group LLC raised its position in shares of Honeywell International by 0.6% during the first quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate’s stock worth $1,857,000 after purchasing an additional 48 shares during the period. Claris Advisors LLC MO raised its position in shares of Honeywell International by 4.8% during the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock worth $241,000 after purchasing an additional 49 shares during the period. Finally, Avantax Planning Partners Inc. raised its position in shares of Honeywell International by 1.4% during the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate’s stock worth $777,000 after purchasing an additional 49 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace 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 thermal systems, as well as wireless connectivity services.