FY2024 Earnings Forecast for HON Issued By Zacks Research

Honeywell International Inc. (NASDAQ:HON) – Investment analysts at Zacks Research issued their FY2024 EPS estimates for Honeywell International in a report issued on Tuesday, January 21st. Zacks Research analyst R. Department anticipates that the conglomerate will earn $10.16 per share for the year. The consensus estimate for Honeywell International’s current full-year earnings is $9.73 per share. Zacks Research also issued estimates for Honeywell International’s Q4 2024 earnings at $2.75 EPS, FY2025 earnings at $10.84 EPS and Q1 2026 earnings at $2.85 EPS.

Several other research firms also recently commented on HON. Bank of America lifted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. The Goldman Sachs Group boosted their price objective on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research note on Wednesday, December 11th. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Jefferies Financial Group boosted their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $248.29.

Honeywell International Trading Down 1.8 %

Shares of HON stock opened at $221.51 on Friday. The business has a 50-day moving average price of $226.53 and a two-hundred day moving average price of $214.76. Honeywell International has a 12-month low of $189.66 and a 12-month high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a market cap of $144.04 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International in the third quarter worth about $25,000. Reston Wealth Management LLC purchased a new stake in Honeywell International in the 3rd quarter worth approximately $29,000. Hoese & Co LLP purchased a new position in Honeywell International during the fourth quarter valued at approximately $30,000. Financial Avengers Inc. boosted its position in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp increased its stake in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

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.