Honeywell International (NYSE:HON) Updates Q3 2021 Earnings Guidance

Honeywell International (NYSE:HON) updated its third quarter 2021 earnings guidance on Friday. The company provided earnings per share guidance of $1.970-$2.020 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.010. The company issued revenue guidance of $8.50 billion-$8.80 billion, compared to the consensus revenue estimate of $8.70 billion.Honeywell International also updated its FY 2021 guidance to $7.950-$8.100 EPS.

Several brokerages recently commented on HON. Barclays boosted their price target on Honeywell International from $245.00 to $253.00 and gave the stock an overweight rating in a research report on Monday, July 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Honeywell International from $245.00 to $251.00 and gave the stock a buy rating in a research report on Monday, July 26th. Robert W. Baird boosted their price target on Honeywell International from $247.00 to $251.00 and gave the stock an outperform rating in a research report on Monday, July 26th. Finally, Royal Bank of Canada upped their target price on Honeywell International from $227.00 to $231.00 and gave the company a sector perform rating in a report on Monday, July 26th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of Buy and a consensus target price of $231.62.

Shares of Honeywell International stock opened at $215.65 on Friday. Honeywell International has a 52 week low of $159.42 and a 52 week high of $236.86. The business’s fifty day simple moving average is $226.20 and its 200-day simple moving average is $224.32. The firm has a market cap of $148.88 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.57 and a beta of 1.16. The company has a quick ratio of 1.15, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Honeywell International (NYSE:HON) last posted its earnings results on Thursday, July 22nd. The conglomerate reported $2.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.08. Honeywell International had a return on equity of 29.44% and a net margin of 14.65%. The firm had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same quarter in the prior year, the company earned $1.26 EPS. Honeywell International’s revenue was up 8.2% on a year-over-year basis. As a group, equities analysts expect that Honeywell International will post 8.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Friday, August 13th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.73%. The ex-dividend date was Thursday, August 12th. Honeywell International’s payout ratio is 52.39%.

In other Honeywell International news, CEO Que Dallara sold 10,759 shares of the stock in a transaction dated Tuesday, August 10th. The stock was sold at an average price of $231.28, for a total value of $2,488,341.52. Following the sale, the chief executive officer now owns 3,495 shares of the company’s stock, valued at approximately $808,323.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Darius Adamczyk sold 28,571 shares of the stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $231.97, for a total value of $6,627,614.87. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.

An institutional investor recently raised its position in Honeywell International stock. Morgan Stanley raised its stake in Honeywell International Inc. (NYSE:HON) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,135,673 shares of the conglomerate’s stock after purchasing an additional 613,394 shares during the period. Morgan Stanley owned about 1.76% of Honeywell International worth $2,661,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 75.66% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Company Profile

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

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Earnings History and Estimates for Honeywell International (NYSE:HON)

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