Honeywell International Inc. (NYSE:HON) posted its quarterly earnings data on Friday. The conglomerate reported $1.75 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75, Bloomberg Earnings reports. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. During the same period in the prior year, the company earned $1.60 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. Honeywell International updated its Q4 guidance to $1.79-1.84 EPS.
Shares of Honeywell International (NYSE:HON) opened at 145.35 on Friday. Honeywell International has a 12 month low of $108.01 and a 12 month high of $145.96. The firm has a market capitalization of $110.55 billion, a P/E ratio of 22.54 and a beta of 0.95. The company’s 50 day moving average price is $140.77 and its 200-day moving average price is $135.04.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.05%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is presently 40.30%.
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HON has been the subject of several recent research reports. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a research note on Thursday, July 20th. BidaskClub downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and issued a $155.00 price objective on shares of Honeywell International in a research note on Tuesday, August 22nd. Royal Bank Of Canada increased their price objective on Honeywell International from $145.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. Finally, Citigroup Inc. increased their price objective on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $149.52.
In other Honeywell International news, insider Rajeev Gautam sold 5,840 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the sale, the insider now directly owns 16,597 shares in the company, valued at $2,268,477.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $136.66, for a total value of $57,397.20. Following the sale, the vice president now owns 1,363 shares of the company’s stock, valued at $186,267.58. The disclosure for this sale can be found here. Insiders have sold 354,108 shares of company stock valued at $48,886,463 over the last 90 days. 1.56% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in HON. Waldron LP increased its stake in Honeywell International by 70.0% during the first quarter. Waldron LP now owns 6,715 shares of the conglomerate’s stock worth $826,000 after acquiring an additional 2,765 shares during the last quarter. Regents of The University of California increased its stake in Honeywell International by 0.5% during the first quarter. Regents of The University of California now owns 4,223 shares of the conglomerate’s stock worth $527,000 after acquiring an additional 23 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Honeywell International by 4.1% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 116,665 shares of the conglomerate’s stock worth $14,568,000 after acquiring an additional 4,579 shares during the last quarter. Usca Ria LLC increased its stake in Honeywell International by 15.0% during the first quarter. Usca Ria LLC now owns 5,539 shares of the conglomerate’s stock worth $692,000 after acquiring an additional 724 shares during the last quarter. Finally, Willingdon Wealth Management increased its stake in Honeywell International by 2.2% during the first quarter. Willingdon Wealth Management now owns 18,920 shares of the conglomerate’s stock worth $2,363,000 after acquiring an additional 407 shares during the last quarter. Institutional investors own 75.73% of the company’s stock.
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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