Honeywell International (NASDAQ:HON) Issues Q2 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided EPS guidance of 2.250-2.350 for the period, compared to the consensus EPS estimate of 2.350. The company issued revenue guidance of $9.2 billion-$9.5 billion, compared to the consensus revenue estimate of $9.4 billion.

Honeywell International Stock Performance

HON traded up $0.43 on Friday, hitting $193.45. The company had a trading volume of 3,041,356 shares, compared to its average volume of 3,018,941. The company’s fifty day moving average price is $198.18 and its 200 day moving average price is $196.27. Honeywell International has a 1-year low of $174.88 and a 1-year high of $210.87. 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 cap of $125.97 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. Honeywell International’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.07 earnings per share. Equities analysts predict that Honeywell International will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is 51.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a hold rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Royal Bank of Canada lowered their price target on Honeywell International from $210.00 to $209.00 and set a sector perform rating for the company in a research note on Friday, February 2nd. Berenberg Bank raised Honeywell International from a hold rating to a buy rating and raised their price objective for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Barclays lifted their price objective on Honeywell International from $230.00 to $232.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of Hold and an average price target of $219.67.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.41% of the company’s stock.

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.