Zacks Research Issues Pessimistic Forecast for HON Earnings

Honeywell International Inc. (NASDAQ:HON) – Zacks Research reduced their FY2027 EPS estimates for shares of Honeywell International in a note issued to investors on Monday, June 23rd. Zacks Research analyst R. Department now expects that the conglomerate will earn $12.06 per share for the year, down from their prior estimate of $12.11. The consensus estimate for Honeywell International’s current full-year earnings is $10.34 per share.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the previous year, the business earned $2.25 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year.

HON has been the topic of several other reports. Citigroup upped their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Wells Fargo & Company lifted their target price on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. upped their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Mizuho increased their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Finally, Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.21.

Honeywell International Stock Up 2.1%

HON opened at $226.38 on Wednesday. The stock’s fifty day simple moving average is $218.29 and its 200 day simple moving average is $215.80. Honeywell International has a 1-year low of $179.36 and a 1-year high of $242.77. The stock has a market cap of $145.49 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43.

Institutional Investors Weigh In On Honeywell International

A number of large investors have recently added to or reduced their stakes in HON. Mainstream Capital Management LLC bought a new position in Honeywell International in the 4th quarter valued at about $25,000. Avalon Trust Co boosted its holdings in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Honeywell International in the 4th quarter valued at $29,000. Accredited Wealth Management LLC bought a new position in shares of Honeywell International in the 4th quarter valued at $34,000. Finally, Pandora Wealth Inc. acquired a new position in shares of Honeywell International during the 1st quarter worth $33,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 51.95%.

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.