Brokerages predict that Honeywell International Inc. (NYSE:HON) will post sales of $9.84 billion for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Honeywell International’s earnings. The highest sales estimate is $9.94 billion and the lowest is $9.72 billion. Honeywell International reported sales of $9.80 billion in the same quarter last year, which would suggest a positive year over year growth rate of 0.4%. The business is expected to report its next quarterly earnings report on Friday, October 20th.
On average, analysts expect that Honeywell International will report full year sales of $9.84 billion for the current year, with estimates ranging from $39.21 billion to $39.93 billion. For the next fiscal year, analysts anticipate that the business will report sales of $41.21 billion per share, with estimates ranging from $40.74 billion to $41.75 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Honeywell International.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the previous year, the business earned $1.70 EPS. The company’s revenue was up .9% compared to the same quarter last year.
A number of research firms have recently commented on HON. Cowen and Company reiterated a “buy” rating and set a $140.00 price target on shares of Honeywell International in a report on Monday, July 17th. Oppenheimer Holdings, Inc. increased their price target on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Stifel Nicolaus increased their price target on shares of Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Citigroup Inc. increased their price target on shares of Honeywell International from $140.00 to $147.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Finally, HSBC Holdings plc began coverage on shares of Honeywell International in a report on Wednesday, June 21st. They set a “buy” rating and a $147.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $138.58.
In other news, insider Timothy O. Mahoney sold 341,701 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the sale, the insider now directly owns 294,155 shares in the company, valued at approximately $40,616,922.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas A. Szlosek sold 36,080 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $131.16, for a total transaction of $4,732,252.80. Following the sale, the chief financial officer now owns 2,160 shares in the company, valued at $283,305.60. The disclosure for this sale can be found here. Insiders sold 504,965 shares of company stock worth $68,677,381 over the last quarter. Insiders own 1.56% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Creative Planning increased its stake in shares of Honeywell International by 3.9% in the first quarter. Creative Planning now owns 61,152 shares of the conglomerate’s stock worth $7,636,000 after buying an additional 2,323 shares in the last quarter. FTB Advisors Inc. increased its stake in shares of Honeywell International by 24.9% in the first quarter. FTB Advisors Inc. now owns 2,122 shares of the conglomerate’s stock worth $272,000 after buying an additional 423 shares in the last quarter. Integrated Wealth Management increased its stake in shares of Honeywell International by 5.2% in the first quarter. Integrated Wealth Management now owns 4,054 shares of the conglomerate’s stock worth $506,000 after buying an additional 201 shares in the last quarter. Swiss National Bank increased its stake in shares of Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after buying an additional 552,100 shares in the last quarter. Finally, Korea Investment CORP increased its stake in shares of Honeywell International by 50.1% in the first quarter. Korea Investment CORP now owns 533,768 shares of the conglomerate’s stock worth $66,652,000 after buying an additional 178,120 shares in the last quarter. Hedge funds and other institutional investors own 76.49% of the company’s stock.
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Shares of Honeywell International (HON) opened at 140.04 on Friday. Honeywell International has a 12-month low of $105.25 and a 12-month high of $140.07. The company has a market cap of $106.51 billion, a PE ratio of 21.71 and a beta of 0.94. The company has a 50 day moving average of $135.02 and a 200-day moving average of $128.45.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be given a $0.665 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.66 annualized dividend and a yield of 1.90%. Honeywell International’s payout ratio is presently 41.24%.
About Honeywell International
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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