Honeywell International Inc. (HON) Posts Quarterly Earnings Results, Hits Expectations

Honeywell International Inc. (NYSE:HON) posted its quarterly earnings results on Friday. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75, Bloomberg Earnings reports. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.60 EPS. Honeywell International updated its Q4 guidance to $1.79-1.84 EPS.

Shares of Honeywell International (NYSE:HON) traded up 1.20% on Friday, reaching $145.35. The company had a trading volume of 3,369,519 shares. The firm has a market cap of $110.55 billion, a P/E ratio of 22.54 and a beta of 0.95. The company has a 50-day moving average price of $140.77 and a 200-day moving average price of $135.04. Honeywell International has a one year low of $108.01 and a one year high of $145.96.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.745 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.98 annualized dividend and a yield of 2.05%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.

Several equities research analysts recently issued reports on the company. Cowen and Company reissued a “buy” rating and set a $150.00 price target on shares of Honeywell International in a research report on Tuesday, October 10th. Vertical Research reissued a “buy” rating on shares of Honeywell International in a research report on Friday. Citigroup Inc. upped their price target on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Jefferies Group LLC reissued a “buy” rating and set a $155.00 price target on shares of Honeywell International in a research report on Tuesday, August 22nd. Finally, Royal Bank Of Canada set a $148.00 price target on Honeywell International and gave the company a “buy” rating in a research report on Sunday, August 27th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $149.52.

In other news, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the completion of the sale, the insider now owns 294,155 shares in the company, valued at $40,616,922.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Rajeev Gautam sold 5,840 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the sale, the insider now owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 354,108 shares of company stock valued at $48,886,463. 1.56% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Honeywell International by 2.5% during the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after acquiring an additional 1,234,672 shares during the last quarter. BlackRock Inc. grew its stake in shares of Honeywell International by 2.8% during the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after purchasing an additional 1,207,893 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Honeywell International by 38.9% during the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after purchasing an additional 3,728,533 shares during the period. FMR LLC grew its stake in shares of Honeywell International by 9.3% during the second quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after purchasing an additional 714,881 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Honeywell International by 9.1% during the second quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after purchasing an additional 629,221 shares during the period. Institutional investors own 75.73% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Honeywell International Inc. (HON) Posts Quarterly Earnings Results, Hits Expectations” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/20/honeywell-international-inc-hon-issues-earnings-results-hits-estimates.html.

About Honeywell International

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that i

Shares of Honeywell International (NYSE:HON) traded up 1.20% on Friday, reaching $145.35. The company had a trading volume of 3,369,519 shares. The firm has a market cap of $110.55 billion, a P/E ratio of 22.54 and a beta of 0.95. The company has a 50-day moving average price of $140.77 and a 200-day moving average price of $135.04. Honeywell International has a one year low of $108.01 and a one year high of $145.96.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.745 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.98 annualized dividend and a yield of 2.05%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.

Several equities research analysts recently issued reports on the company. Cowen and Company reissued a “buy” rating and set a $150.00 price target on shares of Honeywell International in a research report on Tuesday, October 10th. Vertical Research reissued a “buy” rating on shares of Honeywell International in a research report on Friday. Citigroup Inc. upped their price target on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Jefferies Group LLC reissued a “buy” rating and set a $155.00 price target on shares of Honeywell International in a research report on Tuesday, August 22nd. Finally, Royal Bank Of Canada set a $148.00 price target on Honeywell International and gave the company a “buy” rating in a research report on Sunday, August 27th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $149.52.

In other news, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the completion of the sale, the insider now owns 294,155 shares in the company, valued at $40,616,922.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Rajeev Gautam sold 5,840 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the sale, the insider now owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 354,108 shares of company stock valued at $48,886,463. 1.56% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Honeywell International by 2.5% during the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after acquiring an additional 1,234,672 shares during the last quarter. BlackRock Inc. grew its stake in shares of Honeywell International by 2.8% during the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after purchasing an additional 1,207,893 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Honeywell International by 38.9% during the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after purchasing an additional 3,728,533 shares during the period. FMR LLC grew its stake in shares of Honeywell International by 9.3% during the second quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after purchasing an additional 714,881 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Honeywell International by 9.1% during the second quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after purchasing an additional 629,221 shares during the period. Institutional investors own 75.73% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Honeywell International Inc. (HON) Posts Quarterly Earnings Results, Hits Expectations” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/20/honeywell-international-inc-hon-issues-earnings-results-hits-estimates.html.

About Honeywell International

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

Earnings History for Honeywell International (NYSE:HON)

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