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

Honeywell International (NYSE:HON) issued an update on its third quarter 2021 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $1.970-$2.020 for the period, compared to the Thomson Reuters consensus 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.

HON has been the topic of several recent analyst reports. Robert W. Baird increased their price target on Honeywell International from $247.00 to $251.00 and gave the stock an outperform rating in a report on Monday, July 26th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Honeywell International from $245.00 to $251.00 and gave the company a buy rating in a research report on Monday, July 26th. Royal Bank of Canada increased their price objective on shares of Honeywell International from $227.00 to $231.00 and gave the stock a sector perform rating in a research report on Monday, July 26th. Finally, Barclays boosted their target price on Honeywell International from $245.00 to $253.00 and gave the company an overweight rating in a research report on Monday, July 26th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of $231.62.

Shares of NYSE:HON traded down $0.56 during trading hours on Friday, reaching $222.37. The stock had a trading volume of 2,356,386 shares, compared to its average volume of 1,860,295. Honeywell International has a 1 year low of $156.85 and a 1 year high of $236.86. The firm’s 50 day moving average is $228.65 and its 200-day moving average is $223.37. The stock has a market capitalization of $153.52 billion, a price-to-earnings ratio of 31.54, a P/E/G ratio of 2.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 1.41.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 3rd. Stockholders of record on Friday, August 13th were issued a $0.93 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.67%. Honeywell International’s payout ratio is currently 52.39%.

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

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

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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