Wall Street brokerages expect that Honeywell International Inc. (NYSE:HON) will announce sales of $9.95 billion for the current quarter, according to Zacks. Seven analysts have provided estimates for Honeywell International’s earnings. The highest sales estimate is $10.04 billion and the lowest is $9.87 billion. Honeywell International reported sales of $9.49 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The company is scheduled to issue 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 company will report sales of $43.87 billion per share, with estimates ranging from $43.50 billion to $44.41 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for 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, beating analysts’ consensus estimates of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the business earned $1.74 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis.
Several analysts recently weighed in on HON shares. Stifel Nicolaus reiterated a “buy” rating and issued a $165.00 price target on shares of Honeywell International in a report on Friday, February 16th. Deutsche Bank reiterated a “buy” rating and issued a $171.00 price target on shares of Honeywell International in a report on Tuesday, November 28th. Bank of America lifted their price target on shares of Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a report on Friday, January 26th. UBS Group started coverage on shares of Honeywell International in a report on Monday, January 22nd. They issued a “buy” rating on the stock. Finally, Jefferies Group lifted their price target on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $165.67.
In other news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell International stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the completion of the transaction, the director now owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Linnet F. Deily sold 2,886 shares of Honeywell International stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the completion of the transaction, the director now directly owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Rowland & Co. Investment Counsel ADV raised its position in shares of Honeywell International by 0.4% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock worth $499,000 after purchasing an additional 14 shares during the last quarter. Jacobi Capital Management LLC raised its position in Honeywell International by 0.6% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock worth $377,000 after buying an additional 16 shares during the last quarter. Bienville Capital Management LLC raised its position in Honeywell International by 1.0% in the 2nd quarter. Bienville Capital Management LLC now owns 3,132 shares of the conglomerate’s stock worth $417,000 after buying an additional 31 shares during the last quarter. GM Advisory Group Inc. raised its position in Honeywell International by 1.4% in the 2nd quarter. GM Advisory Group Inc. now owns 2,187 shares of the conglomerate’s stock worth $292,000 after buying an additional 31 shares during the last quarter. Finally, Meridian Investment Counsel Inc. raised its position in Honeywell International by 0.4% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 7,972 shares of the conglomerate’s stock worth $1,063,000 after buying an additional 31 shares during the last quarter. 77.98% of the stock is owned by hedge funds and other institutional investors.
Honeywell International (NYSE HON) traded down $1.98 during trading hours on Friday, reaching $152.23. 2,415,238 shares of the company traded hands, compared to its average volume of 3,580,000. The company has a market capitalization of $114,480.00, a PE ratio of 35.57, a P/E/G ratio of 2.18 and a beta of 0.97. Honeywell International has a twelve month low of $122.40 and a twelve month high of $165.13. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 1.96%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s dividend payout ratio is currently 69.63%.
Honeywell International declared that its Board of Directors has approved a stock repurchase plan on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.
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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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