Honeywell International (NASDAQ:HON) Releases Q3 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) updated its third quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 2.450-2.550 for the period, compared to the consensus earnings per share estimate of 2.570. The company issued revenue guidance of $9.8 billion-$10.0 billion, compared to the consensus revenue estimate of $9.8 billion.

Honeywell International Price Performance

Shares of HON traded down $1.58 during mid-day trading on Friday, reaching $200.87. The company had a trading volume of 1,775,130 shares, compared to its average volume of 2,868,140. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The company has a market capitalization of $130.80 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 2.21 and a beta of 1.04. Honeywell International has a 1-year low of $174.88 and a 1-year high of $220.79. The company’s 50 day simple moving average is $210.02 and its 200 day simple moving average is $202.53.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.23 EPS. Analysts expect that Honeywell International will post 10.27 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.15%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Analyst Ratings Changes

HON has been the subject of several research reports. Citigroup upped their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a buy rating in a research report on Tuesday, June 4th. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $220.00 to $215.00 and set an equal weight rating for the company in a research note on Friday. Daiwa America raised shares of Honeywell International to a moderate buy rating in a research note on Wednesday, June 5th. StockNews.com raised shares of Honeywell International from a hold rating to a buy rating in a research note on Wednesday, May 15th. Finally, Royal Bank of Canada decreased their target price on shares of Honeywell International from $218.00 to $214.00 and set a sector perform rating for the company in a research note on Friday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $224.50.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following 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 legal filing with the SEC, which can be accessed through this link. In other news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was 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 directly owns 55,471 shares in the company, valued at $10,709,231.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is 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.