What is Zacks Research’s Forecast for HON FY2024 Earnings?

Honeywell International Inc. (NASDAQ:HONFree Report) – Stock analysts at Zacks Research issued their FY2024 EPS estimates for Honeywell International in a research note issued on Tuesday, January 21st. Zacks Research analyst R. Department anticipates that the conglomerate will post earnings per share of $10.16 for the year. The consensus estimate for Honeywell International’s current full-year earnings is $9.73 per share. Zacks Research also issued estimates for Honeywell International’s Q4 2024 earnings at $2.75 EPS, FY2025 earnings at $10.84 EPS and Q1 2026 earnings at $2.85 EPS.

Several other research analysts also recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Wednesday, December 11th. Wells Fargo & Company reduced their price target on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group increased their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $248.29.

Get Our Latest Stock Analysis on HON

Honeywell International Stock Performance

HON opened at $221.51 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a market capitalization of $144.04 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.56 and a beta of 1.06. The company has a fifty day moving average of $226.53 and a 200 day moving average of $214.76. Honeywell International has a fifty-two week low of $189.66 and a fifty-two week high of $242.77.

Hedge Funds Weigh In On Honeywell International

Several hedge funds have recently bought and sold shares of HON. Public Sector Pension Investment Board increased its holdings in shares of Honeywell International by 70.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 24,908 shares of the conglomerate’s stock valued at $5,319,000 after acquiring an additional 10,252 shares during the period. Marshall Wace LLP increased its position in shares of Honeywell International by 1.2% in the 2nd quarter. Marshall Wace LLP now owns 181,340 shares of the conglomerate’s stock valued at $38,723,000 after acquiring an additional 2,101 shares during the period. AXA S.A. raised its stake in shares of Honeywell International by 6.1% in the second quarter. AXA S.A. now owns 155,975 shares of the conglomerate’s stock worth $33,307,000 after purchasing an additional 9,032 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Honeywell International by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after acquiring an additional 310,807 shares during the period. Finally, Employees Retirement System of Texas acquired a new stake in Honeywell International during the 2nd quarter worth about $59,920,000. Institutional investors own 75.91% of the company’s stock.

About Honeywell International

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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.

Further Reading

Earnings History and Estimates for Honeywell International (NASDAQ:HON)

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