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

Honeywell International (NASDAQ:HON) issued an update on its second quarter 2024 earnings guidance on Saturday morning. The company provided earnings per share guidance of 2.350-2.450 for the period, compared to the consensus earnings per share estimate of 2.320. The company issued revenue guidance of $9.3 billion-$9.6 billion, compared to the consensus revenue estimate of $9.3 billion.

Honeywell International Stock Performance

Shares of HON opened at $208.53 on Friday. The firm has a market cap of $135.79 billion, a PE ratio of 24.16, a PEG ratio of 2.22 and a beta of 1.03. The stock’s fifty day moving average price is $199.98 and its two-hundred day moving average price is $200.29. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. Honeywell International has a 1 year low of $174.88 and a 1 year high of $211.63.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same period in the previous year, the company posted $2.07 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International will post 10.24 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a dividend of $1.08 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.07%. Honeywell International’s payout ratio is 50.06%.

Analysts Set New Price Targets

A number of brokerages have weighed in on HON. Deutsche Bank Aktiengesellschaft restated a hold rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Royal Bank of Canada decreased their target price on Honeywell International from $222.00 to $218.00 and set a sector perform rating on the stock in a research note on Tuesday, June 4th. Barclays upped their target price on Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Berenberg Bank upgraded Honeywell International from a hold rating to a buy rating and upped their price objective for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, UBS Group upgraded Honeywell International from a sell rating to a neutral rating and upped their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $224.75.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the sale, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the transaction, the director now owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Honeywell International Company Profile

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.