Honeywell International (NASDAQ:HON – Get Free Report) released its quarterly earnings results on Thursday. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07, Briefing.com reports. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter last year, the firm posted $2.23 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Honeywell International updated its FY24 guidance to $10.05-10.25 EPS.
Honeywell International Trading Up 0.1 %
Honeywell International stock traded up $0.29 during trading hours on Friday, reaching $202.74. The stock had a trading volume of 7,452,368 shares, compared to its average volume of 2,906,843. The stock has a market cap of $132.02 billion, a PE ratio of 23.35, a PEG ratio of 2.21 and a beta of 1.04. The company has a fifty day simple moving average of $210.02 and a 200-day simple moving average of $202.53. 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 52 week low of $174.88 and a 52 week high of $220.79.
Honeywell International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.13%. Honeywell International’s payout ratio is currently 50.06%.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Honeywell International
Insider Activity at Honeywell International
In other news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction 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 $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. 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.
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