Honeywell International (NASDAQ:HON) Trading 7.3% Higher on Earnings Beat

Shares of Honeywell International Inc. (NASDAQ:HON) rose 7.3% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $248.84 and last traded at $249.9450. Approximately 1,061,911 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 4,260,211 shares. The stock had previously closed at $232.99.

The conglomerate reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.15. The business had revenue of $9.72 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Honeywell International had a return on equity of 34.00% and a net margin of 23.90%.Honeywell International’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 EPS. Honeywell International has set its Q3 2026 guidance at 2.050-2.200 EPS and its Q4 2026 guidance at 2.280-2.430 EPS.

Honeywell International Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 14th. Honeywell International’s dividend payout ratio is currently 67.42%.

More Honeywell International News

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Honeywell beat Q2 expectations, reporting EPS of $1.95 and revenue of $9.72 billion, with organic sales up 4% and orders up 16%; management also highlighted stronger backlog and improving demand in automation and building systems. Honeywell Technologies Reports Second Quarter Results
• Positive Sentiment: Honeywell raised its full-year outlook and several analysts lifted price targets, including Citigroup to $279 and RBC to $298, signaling confidence in the company’s growth and margin outlook. Analyst price target updates
• Positive Sentiment: Management emphasized the next phase of Honeywell’s transformation toward a more focused automation company, which investors may view as a potential catalyst for higher margins and simpler execution. HON Q2 Earnings Call Highlights Automation Growth Push
• Neutral Sentiment: The board declared a quarterly dividend of CAD 0.70 per share, reinforcing Honeywell’s shareholder-return profile but not likely to move the stock on its own. Honeywell Technologies Announces Quarterly Dividend
• Neutral Sentiment: Short-interest data showed essentially no short interest, so this does not appear to be a meaningful trading factor for the stock right now.
• Negative Sentiment: Despite the upbeat quarter, Honeywell’s updated Q3 and Q4 EPS guidance came in below some Wall Street expectations, which may temper enthusiasm around the earnings beat. Honeywell earnings call and guidance details

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays lowered their target price on shares of Honeywell International from $251.00 to $239.00 and set an “overweight” rating on the stock in a report on Wednesday, June 10th. TD Cowen reduced their price target on shares of Honeywell International from $240.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Honeywell International from $250.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Sanford C. Bernstein assumed coverage on shares of Honeywell International in a report on Wednesday, June 10th. They set a “market perform” rating and a $233.00 price objective for the company. Finally, Jefferies Financial Group cut their target price on shares of Honeywell International from $245.00 to $240.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Thirteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $259.54.

Institutional Investors Weigh In On Honeywell International

A number of hedge funds have recently added to or reduced their stakes in HON. Caitlin John LLC lifted its position in shares of Honeywell International by 138.9% during the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 75 shares in the last quarter. Ares Financial Consulting LLC bought a new position in Honeywell International in the 4th quarter worth approximately $26,000. Hilton Head Capital Partners LLC bought a new position in Honeywell International in the 4th quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in Honeywell International during the 4th quarter worth $28,000. Finally, Strategic Wealth Advisors LLC acquired a new position in Honeywell International during the 4th quarter worth $29,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

The stock has a market capitalization of $77.04 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 5.55 and a beta of 0.90. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.10 and a current ratio of 1.21. The stock has a 50-day simple moving average of $226.15 and a 200 day simple moving average of $226.62.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.