Honeywell International (NASDAQ:HON) Updates FY 2022 Earnings Guidance

Honeywell International (NASDAQ:HONGet Rating) updated its FY 2022 earnings guidance on Friday. The company provided earnings per share guidance of $8.55-$8.80 for the period, compared to the consensus earnings per share estimate of $8.68. The company issued revenue guidance of $35.50 billion-$36.10 billion, compared to the consensus revenue estimate of $35.70 billion. Honeywell International also updated its Q3 2022 guidance to $2.10-$2.20 EPS.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Credit Suisse Group set a $195.00 target price on shares of Honeywell International in a research note on Tuesday, July 19th. Cowen set a $205.00 price objective on shares of Honeywell International in a research note on Tuesday, July 19th. Mizuho decreased their price objective on shares of Honeywell International from $235.00 to $225.00 and set a buy rating for the company in a research note on Monday, July 18th. Morgan Stanley decreased their target price on shares of Honeywell International from $194.00 to $192.00 and set an equal weight rating for the company in a research note on Friday, July 29th. Finally, Bank of America upgraded shares of Honeywell International from a neutral rating to a buy rating and set a $210.00 target price for the company in a research note on Monday, July 11th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $210.08.

Honeywell International Stock Down 0.6 %

Shares of NASDAQ HON opened at $173.25 on Friday. Honeywell International has a 1 year low of $167.35 and a 1 year high of $228.26. The firm’s 50 day moving average price is $191.18 and its 200 day moving average price is $188.65. The firm has a market cap of $116.72 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 1.20.

Honeywell International (NASDAQ:HONGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The conglomerate reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.07. The company had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.67 billion. Honeywell International had a net margin of 14.74% and a return on equity of 30.17%. Honeywell International’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $2.02 EPS. As a group, sell-side analysts anticipate that Honeywell International will post 8.68 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were issued a $0.98 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.26%. Honeywell International’s dividend payout ratio (DPR) is presently 53.48%.

Insider Activity

In other news, CFO Gregory P. Lewis sold 5,011 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $190.00, for a total value of $952,090.00. Following the transaction, the chief financial officer now owns 43,625 shares of the company’s stock, valued at approximately $8,288,750. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Honeywell International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd increased its stake in Honeywell International by 101.3% during the 1st quarter. Covestor Ltd now owns 459 shares of the conglomerate’s stock worth $89,000 after buying an additional 231 shares during the period. AMI Investment Management Inc. boosted its holdings in shares of Honeywell International by 16.8% in the 1st quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock valued at $224,000 after buying an additional 165 shares during the period. Zions Bancorporation N.A. boosted its holdings in shares of Honeywell International by 22.2% in the 1st quarter. Zions Bancorporation N.A. now owns 1,244 shares of the conglomerate’s stock valued at $242,000 after buying an additional 226 shares during the period. PFS Investments Inc. acquired a new position in shares of Honeywell International in the 1st quarter valued at about $255,000. Finally, West Family Investments Inc. acquired a new position in shares of Honeywell International in the 1st quarter valued at about $276,000. Hedge funds and other institutional investors own 74.74% of the company’s stock.

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; 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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