Honeywell International (NASDAQ:HON) Announces Quarterly Earnings Results

Honeywell International (NASDAQ:HON) released its quarterly earnings data on Thursday. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08, RTT News reports. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $2.07 earnings per share. Honeywell International updated its FY 2024 guidance to 9.800-10.100 EPS and its FY24 guidance to $9.80-10.10 EPS.

Honeywell International Trading Down 0.9 %

NASDAQ HON opened at $193.02 on Friday. The business’s fifty day moving average is $198.25 and its 200-day moving average is $196.22. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The stock has a market capitalization of $125.69 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 2.25 and a beta of 1.02. Honeywell International has a one year low of $174.88 and a one year high of $210.87.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.24%. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Royal Bank of Canada decreased their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Barclays raised their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $219.67.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is owned by company insiders.

About Honeywell International

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.