Honeywell International Inc. (NASDAQ:HON) Expected to Post Q4 2024 Earnings of $3.03 Per Share

Honeywell International Inc. (NASDAQ:HON) – Equities research analysts at Zacks Research raised their Q4 2024 EPS estimates for shares of Honeywell International in a report released on Tuesday, June 18th. Zacks Research analyst R. Department now expects that the conglomerate will post earnings per share of $3.03 for the quarter, up from their prior forecast of $2.81. The consensus estimate for Honeywell International’s current full-year earnings is $10.24 per share. Zacks Research also issued estimates for Honeywell International’s Q1 2025 earnings at $2.40 EPS, Q4 2025 earnings at $3.38 EPS, FY2025 earnings at $10.93 EPS and FY2026 earnings at $11.37 EPS.

HON has been the subject of several other reports. Citigroup raised their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Royal Bank of Canada dropped their price target on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Barclays boosted their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.75.

Honeywell International Price Performance

Shares of HON opened at $212.87 on Wednesday. The stock has a market capitalization of $138.62 billion, a P/E ratio of 24.67, a P/E/G ratio of 2.25 and a beta of 1.03. Honeywell International has a twelve month low of $174.88 and a twelve month high of $213.23. The company has a 50 day moving average of $200.89 and a 200-day moving average of $200.64. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $2.07 EPS.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.03%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insider Buying and Selling at Honeywell International

In other news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the sale, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the sale, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Honeywell International by 32.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock valued at $1,644,328,000 after acquiring an additional 1,899,373 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Honeywell International by 6,557.2% in the 4th quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock worth $197,266,000 after buying an additional 926,531 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Honeywell International by 51.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock valued at $346,365,000 after purchasing an additional 636,104 shares in the last quarter. Natixis boosted its position in shares of Honeywell International by 184.8% during the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after purchasing an additional 544,175 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in shares of Honeywell International by 20.4% during the fourth quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock valued at $668,959,000 after purchasing an additional 539,644 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

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.