Zacks Research Weighs in on Honeywell International Inc.’s Q4 2024 Earnings (NASDAQ:HON)

Posted by on Jun 23rd, 2023

Honeywell International Inc. (NASDAQ:HON – Get Rating) – Zacks Research lifted their Q4 2024 EPS estimates for Honeywell International in a research report issued to clients and investors on Tuesday, June 20th. Zacks Research analyst E. Haque now anticipates that the conglomerate will earn $2.74 per share for the quarter, up from their previous estimate of $2.72. The consensus estimate for Honeywell International’s current full-year earnings is $9.15 per share.

Honeywell International (NASDAQ:HON – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The conglomerate reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.14. Honeywell International had a net margin of 14.53% and a return on equity of 34.01%. The company had revenue of $8.86 billion for the quarter, compared to the consensus estimate of $8.51 billion. During the same quarter in the prior year, the firm earned $1.91 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year.

Several other equities analysts also recently issued reports on HON. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $210.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 13th. Citigroup upped their price objective on shares of Honeywell International from $240.00 to $242.00 in a research note on Friday, April 28th. Royal Bank of Canada upped their price objective on shares of Honeywell International from $204.00 to $208.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 29th. UBS Group reduced their price objective on shares of Honeywell International from $193.00 to $185.00 and set a “sell” rating on the stock in a research note on Tuesday, February 28th. Finally, StockNews.com assumed coverage on shares of Honeywell International in a research note on Thursday, May 18th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $214.56.

Honeywell International Stock Performance

Shares of HON opened at $200.65 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.94 and a current ratio of 1.26. The company has a market capitalization of $133.57 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 2.42 and a beta of 1.09. The company’s 50 day simple moving average is $196.97 and its 200 day simple moving average is $196.34. Honeywell International has a 1 year low of $166.63 and a 1 year high of $220.96.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Friday, May 12th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Thursday, May 11th. Honeywell International’s payout ratio is 53.51%.

Insider Activity at Honeywell International

In other Honeywell International news, COO Vimal Kapur sold 6,500 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $197.46, for a total transaction of $1,283,490.00. Following the completion of the transaction, the chief operating officer now directly owns 8,622 shares of the company’s stock, valued at approximately $1,702,500.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HON. Align Wealth Management LLC bought a new position in shares of Honeywell International in the 4th quarter worth about $29,000. Knuff & Co LLC bought a new stake in Honeywell International in the 1st quarter valued at about $31,000. True Wealth Design LLC bought a new stake in Honeywell International in the 4th quarter valued at about $31,000. Magellan Asset Management Ltd bought a new stake in Honeywell International in the 1st quarter valued at about $32,000. Finally, Manitou Investment Management Ltd. bought a new stake in Honeywell International in the 1st quarter valued at about $32,000. 74.35% of the stock is owned by institutional investors and hedge funds.

About Honeywell International

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Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity and management services.

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Earnings History and Estimates for Honeywell International (NASDAQ:HON)

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