Honeywell International (NASDAQ:HON) Updates FY23 Earnings Guidance

Honeywell International (NASDAQ:HON – Get Rating) issued an update on its FY23 earnings guidance on Tuesday. The company provided EPS guidance of $9.00-$9.25 for the period, compared to the consensus EPS estimate of $9.15. The company issued revenue guidance of $36.5-$37.3 billion, compared to the consensus revenue estimate of $36.99 billion. Honeywell International also updated its Q2 guidance to $2.15-$2.25 EPS.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HON. Citigroup increased their target price on shares of Honeywell International from $240.00 to $242.00 in a report on Friday, April 28th. Mizuho upped their target price on shares of Honeywell International from $220.00 to $225.00 in a report on Friday, April 28th. UBS Group cut their target price on Honeywell International from $193.00 to $185.00 and set a sell rating for the company in a research report on Tuesday, February 28th. HSBC boosted their price target on Honeywell International from $190.00 to $205.00 and gave the stock a hold rating in a report on Tuesday, February 14th. Finally, Credit Suisse Group dropped their target price on shares of Honeywell International from $202.00 to $200.00 and set a neutral rating for the company in a research report on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $214.56.

Honeywell International Trading Up 0.2 %

Shares of HON stock opened at $192.27 on Friday. The company has a market cap of $127.99 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.32 and a beta of 1.09. Honeywell International has a 1 year low of $166.63 and a 1 year high of $220.96. The stock’s 50 day simple moving average is $195.01 and its two-hundred day simple moving average is $198.25. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.26 and a quick ratio of 0.94.

Honeywell International (NASDAQ:HON – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The conglomerate reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.14. The company had revenue of $8.86 billion for the quarter, compared to analyst estimates of $8.51 billion. Honeywell International had a return on equity of 34.01% and a net margin of 14.53%. Honeywell International’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.91 EPS. Research analysts predict that Honeywell International will post 9.15 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 12th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $4.12 annualized dividend and a yield of 2.14%. Honeywell International’s payout ratio is 53.51%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, COO Vimal Kapur sold 6,500 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $197.46, for a total value of $1,283,490.00. Following the transaction, the chief operating officer now owns 8,622 shares of the company’s stock, valued at approximately $1,702,500.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Honeywell International

Several large investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC bought a new position in Honeywell International in the fourth quarter worth approximately $31,000. Fortis Capital Advisors LLC bought a new stake in shares of Honeywell International in the fourth quarter valued at about $46,000. Altshuler Shaham Ltd purchased a new stake in Honeywell International in the fourth quarter worth about $55,000. Resurgent Financial Advisors LLC purchased a new position in Honeywell International during the 4th quarter valued at about $80,000. Finally, Covestor Ltd boosted its stake in shares of Honeywell International by 101.3% during the first quarter. Covestor Ltd now owns 459 shares of the conglomerate’s stock valued at $89,000 after purchasing an additional 231 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

About Honeywell International

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.