Honeywell International (NASDAQ:HON) Updates FY24 Earnings Guidance

Honeywell International (NASDAQ:HON) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $10.05-10.25 for the period, compared to the consensus earnings per share estimate of $10.25. The company issued revenue guidance of $39.1-39.7 billion, compared to the consensus revenue estimate of $38.74 billion.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HON. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $222.00 to $218.00 and set a sector perform rating for the company in a report on Tuesday, June 4th. Barclays raised their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. UBS Group upgraded shares of Honeywell International from a sell rating to a neutral rating and raised their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Deutsche Bank Aktiengesellschaft restated a hold rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Finally, Daiwa America upgraded shares of Honeywell International to a moderate buy rating in a research report on Wednesday, June 5th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $225.63.

Honeywell International Stock Performance

Shares of HON opened at $204.00 on Thursday. The company’s 50 day moving average price is $210.10 and its 200 day moving average price is $202.53. Honeywell International has a 52 week low of $174.88 and a 52 week high of $220.79. The company has a market capitalization of $132.84 billion, a PE ratio of 24.76, a PEG ratio of 2.24 and a beta of 1.04. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the previous year, the firm posted $2.07 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. Research analysts expect that Honeywell International will post 10.27 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Thursday, May 16th. Honeywell International’s payout ratio is presently 50.06%.

Insider Activity at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the sale, the director now directly owns 203,510 shares in the company, valued at $41,507,899.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's 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 services.