Analysts expect Honeywell International Inc. (NYSE:HON) to report $10.73 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Honeywell International’s earnings, with the lowest sales estimate coming in at $10.58 billion and the highest estimate coming in at $10.84 billion. Honeywell International reported sales of $10.12 billion during the same quarter last year, which indicates a positive year over year growth rate of 6%. The firm is scheduled to announce its next earnings report before the market opens on Friday, October 19th.
According to Zacks, analysts expect that Honeywell International will report full-year sales of $43.32 billion for the current fiscal year, with estimates ranging from $42.61 billion to $43.65 billion. For the next financial year, analysts anticipate that the firm will report sales of $42.60 billion, with estimates ranging from $36.52 billion to $45.81 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Honeywell International.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 20th. The conglomerate reported $2.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.11. The business had revenue of $10.92 billion during the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.80 earnings per share.
Several research firms have commented on HON. MED began coverage on shares of Honeywell International in a research note on Thursday, July 12th. They issued a “buy” rating and a $166.00 price target for the company. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a research note on Tuesday, July 31st. Barclays boosted their price target on shares of Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Finally, Citigroup boosted their price target on shares of Honeywell International from $191.00 to $196.00 and gave the stock a “$153.70” rating in a research note on Monday, July 23rd. Three analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $174.79.
In other Honeywell International news, Director Linnet F. Deily sold 3,066 shares of Honeywell International stock in a transaction on Monday, July 30th. The shares were sold at an average price of $158.12, for a total value of $484,795.92. Following the transaction, the director now directly owns 11,787 shares in the company, valued at $1,863,760.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vimal Kapur sold 9,996 shares of Honeywell International stock in a transaction on Friday, July 27th. The shares were sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the completion of the transaction, the insider now owns 16,131 shares in the company, valued at $2,568,861.75. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV increased its stake in shares of Honeywell International by 4.7% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 140,209 shares of the conglomerate’s stock worth $20,197,000 after acquiring an additional 6,316 shares during the period. Moneta Group Investment Advisors LLC increased its stake in shares of Honeywell International by 7,972.1% during the second quarter. Moneta Group Investment Advisors LLC now owns 22,844 shares of the conglomerate’s stock worth $889,000 after acquiring an additional 22,561 shares during the period. Riverhead Capital Management LLC grew its position in Honeywell International by 38.6% during the second quarter. Riverhead Capital Management LLC now owns 17,874 shares of the conglomerate’s stock worth $2,575,000 after buying an additional 4,975 shares during the period. New England Asset Management Inc. grew its position in Honeywell International by 467.0% during the second quarter. New England Asset Management Inc. now owns 3,260 shares of the conglomerate’s stock worth $470,000 after buying an additional 2,685 shares during the period. Finally, Parsec Financial Management Inc. grew its position in Honeywell International by 24.5% during the second quarter. Parsec Financial Management Inc. now owns 1,982 shares of the conglomerate’s stock worth $286,000 after buying an additional 390 shares during the period. Institutional investors and hedge funds own 74.60% of the company’s stock.
NYSE:HON opened at $158.05 on Thursday. The firm has a market capitalization of $123.57 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.38 and a quick ratio of 1.11. Honeywell International has a 52 week low of $139.51 and a 52 week high of $167.72.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a yield of 2.08%. Honeywell International’s payout ratio is currently 41.91%.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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