Honeywell International (NASDAQ:HON) Releases FY 2022 Earnings Guidance

Honeywell International (NASDAQ:HONGet Rating) updated its FY 2022 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $8.55-$8.80 for the period, compared to the consensus estimate of $8.68. The company issued revenue guidance of $35.50 billion-$36.10 billion, compared to the consensus revenue estimate of $35.70 billion. Honeywell International also updated its Q3 2022 guidance to $2.10-$2.20 EPS.

Analyst Ratings Changes

Several research firms have recently commented on HON. Wells Fargo & Company lifted their price target on shares of Honeywell International from $180.00 to $183.00 and gave the company an equal weight rating in a research report on Monday, August 1st. Credit Suisse Group set a $195.00 target price on Honeywell International in a research report on Tuesday, July 19th. Royal Bank of Canada boosted their target price on Honeywell International from $184.00 to $193.00 in a research report on Friday, July 29th. Bank of America raised Honeywell International from a neutral rating to a buy rating and set a $210.00 target price on the stock in a research report on Monday, July 11th. Finally, Barclays boosted their target price on Honeywell International from $204.00 to $210.00 in a research report on Friday, July 29th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $210.08.

Honeywell International Stock Down 1.2 %

Shares of HON stock traded down $2.16 on Friday, reaching $171.09. 135,422 shares of the stock were exchanged, compared to its average volume of 2,878,215. The company has a current ratio of 1.20, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average price is $191.18 and its 200 day moving average price is $188.65. The company has a market capitalization of $115.26 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 2.10 and a beta of 1.06. Honeywell International has a twelve month low of $167.35 and a twelve month high of $228.26.

Honeywell International (NASDAQ:HONGet Rating) last issued its earnings results on Thursday, July 28th. The conglomerate reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.07. The firm had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.67 billion. Honeywell International had a net margin of 14.74% and a return on equity of 30.17%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.02 earnings per share. As a group, sell-side analysts expect that Honeywell International will post 8.68 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 12th were paid a dividend of $0.98 per share. The ex-dividend date was Thursday, August 11th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.29%. Honeywell International’s payout ratio is currently 53.48%.

Insider Buying and Selling

In other Honeywell International news, CFO Gregory P. Lewis sold 5,011 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $190.00, for a total value of $952,090.00. Following the completion of the transaction, the chief financial officer now owns 43,625 shares in the company, valued at $8,288,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

Large investors have recently bought and sold shares of the stock. ING Groep NV increased its holdings in Honeywell International by 114.7% in the first quarter. ING Groep NV now owns 380,469 shares of the conglomerate’s stock valued at $74,104,000 after buying an additional 203,232 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Honeywell International by 31.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate’s stock valued at $151,949,000 after purchasing an additional 187,936 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Honeywell International in the 1st quarter valued at $33,079,000. Bridgewater Associates LP raised its stake in shares of Honeywell International by 154.3% in the 1st quarter. Bridgewater Associates LP now owns 262,200 shares of the conglomerate’s stock valued at $51,019,000 after acquiring an additional 159,103 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Honeywell International by 3.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,376,260 shares of the conglomerate’s stock valued at $656,953,000 after acquiring an additional 110,490 shares during the period. Institutional investors and hedge funds own 74.74% of the company’s stock.

About Honeywell International

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Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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

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