Brokers Set Expectations for HON FY2024 Earnings

Honeywell International Inc. (NASDAQ:HON) – Equities researchers at Zacks Research issued their FY2024 earnings per share (EPS) estimates for shares of Honeywell International in a note issued to investors on Tuesday, January 21st. Zacks Research analyst R. Department expects that the conglomerate will earn $10.16 per share 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.

A number of other research firms have also recently weighed in on HON. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $253.00 price objective on shares of Honeywell International in a report on Tuesday, December 3rd. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Wednesday, December 11th. UBS Group reaffirmed a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Barclays increased their price objective on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Citigroup cut their target price on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $248.29.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $225.66 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a market capitalization of $146.73 billion, a PE ratio of 26.06, a P/E/G ratio of 2.58 and a beta of 1.06. Honeywell International has a 1-year low of $189.66 and a 1-year high of $242.77. The business’s fifty day moving average price is $226.63 and its two-hundred day moving average price is $214.69.

Institutional Trading of Honeywell International

Several institutional investors and hedge funds have recently added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International in the third quarter valued at $25,000. Hoese & Co LLP acquired a new stake in shares of Honeywell International during the fourth quarter worth $30,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the third quarter valued at $29,000. Financial Avengers Inc. boosted its position in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp increased its stake in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

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.