Honeywell International Inc. (NYSE:HON) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Honeywell International Inc. (NYSE:HON) announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02, Bloomberg Earnings reports. The business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. Honeywell International’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.70 EPS. Honeywell International updated its FY17 guidance to $7.00-7.10 EPS and its Q3 guidance to $1.70-1.75 EPS.

Honeywell International (NYSE:HON) traded up 0.14% during midday trading on Tuesday, hitting $139.16. The stock had a trading volume of 869,079 shares. The company’s 50-day moving average price is $135.02 and its 200 day moving average price is $128.45. The company has a market capitalization of $105.84 billion, a PE ratio of 21.58 and a beta of 0.94. Honeywell International has a 52 week low of $105.25 and a 52 week high of $139.64.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be given a dividend of $0.665 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.91%. Honeywell International’s payout ratio is currently 41.24%.

HON has been the topic of several recent analyst reports. Barclays PLC boosted their price target on Honeywell International from $139.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, April 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $141.00 price target (up previously from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Wednesday, June 28th. BidaskClub raised Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Finally, Citigroup Inc. boosted their price target on Honeywell International from $140.00 to $147.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and a consensus target price of $138.58.

In related news, VP Jennifer H. Mak sold 420 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the sale, the vice president now owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Timothy O. Mahoney sold 341,701 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total value of $47,182,074.08. Following the transaction, the insider now directly owns 294,155 shares of the company’s stock, valued at $40,616,922.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 468,885 shares of company stock worth $63,945,128. 1.56% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in HON. Burt Wealth Advisors raised its position in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after buying an additional 300 shares in the last quarter. Mosaic Family Wealth LLC raised its position in shares of Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after buying an additional 78 shares in the last quarter. Guidant Wealth Advisors raised its position in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after buying an additional 104 shares in the last quarter. Jolley Asset Management LLC raised its position in shares of Honeywell International by 6.9% in the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after buying an additional 50 shares in the last quarter. Finally, Crestwood Advisors Group LLC bought a new position in shares of Honeywell International during the first quarter valued at about $100,000. 76.43% of the stock is owned by institutional investors and hedge funds.

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.