Equities analysts predict that Honeywell International Inc. (NYSE:HON) will report $9.95 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Honeywell International’s earnings, with the highest sales estimate coming in at $10.04 billion and the lowest estimate coming in at $9.87 billion. Honeywell International posted sales of $9.49 billion during the same quarter last year, which suggests a positive year over year growth rate of 4.8%. The business is expected to report its next quarterly earnings results on Friday, April 20th.
According to Zacks, analysts expect that Honeywell International will report full-year sales of $9.95 billion for the current fiscal year, with estimates ranging from $41.96 billion to $42.43 billion. For the next year, analysts expect that the firm will post sales of $43.87 billion per share, with estimates ranging from $43.50 billion to $44.41 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Honeywell International.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 EPS.
Several brokerages have commented on HON. Stifel Nicolaus reaffirmed a “buy” rating and issued a $165.00 price target on shares of Honeywell International in a research report on Friday. Cowen reaffirmed a “buy” rating and issued a $168.00 price target on shares of Honeywell International in a research report on Monday, January 22nd. Jefferies Group lifted their price target on Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, Bank of America lifted their price target on Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $165.67.
Honeywell International (NYSE HON) opened at $154.03 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $115,830.86, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Honeywell International has a 1 year low of $122.40 and a 1 year high of $165.13.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be paid a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, February 22nd. Honeywell International’s dividend payout ratio is 143.27%.
Honeywell International announced that its Board of Directors has approved a stock buyback plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
In related news, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the sale, the director now owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.56% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Everett Harris & Co. CA boosted its stake in Honeywell International by 80.3% in the second quarter. Everett Harris & Co. CA now owns 5,772 shares of the conglomerate’s stock worth $769,000 after purchasing an additional 2,570 shares in the last quarter. Highstreet Asset Management Inc. boosted its stake in Honeywell International by 432.5% in the second quarter. Highstreet Asset Management Inc. now owns 93,112 shares of the conglomerate’s stock worth $12,416,000 after purchasing an additional 75,626 shares in the last quarter. Ballentine Partners LLC boosted its stake in Honeywell International by 10.4% in the second quarter. Ballentine Partners LLC now owns 4,264 shares of the conglomerate’s stock worth $582,000 after purchasing an additional 402 shares in the last quarter. Hartland & Co. LLC raised its position in shares of Honeywell International by 11.4% during the second quarter. Hartland & Co. LLC now owns 7,067 shares of the conglomerate’s stock worth $942,000 after acquiring an additional 726 shares during the last quarter. Finally, Bridgewater Wealth & Financial Management LLC raised its position in shares of Honeywell International by 39.9% during the second quarter. Bridgewater Wealth & Financial Management LLC now owns 3,206 shares of the conglomerate’s stock worth $427,000 after acquiring an additional 915 shares during the last quarter. 75.73% of the stock is currently owned by institutional investors and hedge funds.
Honeywell International Company Profile
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.
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