Honeywell International Inc. (NYSE:HON) – Equities researchers at William Blair raised their Q3 2017 earnings estimates for shares of Honeywell International in a research report issued on Tuesday. William Blair analyst N. Heymann now expects that the conglomerate will post earnings per share of $1.75 for the quarter, up from their previous estimate of $1.70. William Blair also issued estimates for Honeywell International’s FY2017 earnings at $7.10 EPS and FY2018 earnings at $7.65 EPS.
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a report on Thursday, July 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $141.00 target price (up from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. BidaskClub raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. HSBC Holdings plc initiated coverage on shares of Honeywell International in a report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price for the company. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $154.00 target price on shares of Honeywell International in a report on Thursday, September 21st. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and a consensus target price of $147.85.
Shares of Honeywell International (NYSE HON) opened at 142.72 on Thursday. The firm has a 50-day moving average of $139.47 and a 200-day moving average of $134.16. Honeywell International has a 12 month low of $106.55 and a 12 month high of $145.30. The company has a market capitalization of $108.55 billion, a P/E ratio of 22.13 and a beta of 0.95.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the prior year, the firm posted $1.70 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hanson McClain Inc. grew its position in Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares during the period. Burt Wealth Advisors grew its position in Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after buying an additional 300 shares during the period. Guidant Wealth Advisors grew its position in Honeywell International by 15.8% during the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after buying an additional 104 shares during the period. Mosaic Family Wealth LLC grew its position in Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after buying an additional 78 shares during the period. Finally, Jolley Asset Management LLC grew its position in Honeywell International by 6.9% during the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after buying an additional 50 shares during the period. Institutional investors own 75.77% of the company’s stock.
In related news, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the sale, the vice president now directly owns 1,363 shares in the company, valued at $186,267.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajeev Gautam sold 5,840 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the sale, the insider now owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The disclosure for this sale can be found here. Insiders sold 354,108 shares of company stock valued at $48,886,463 over the last quarter. Company insiders own 1.56% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.745 dividend. The ex-dividend date is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.09%. Honeywell International’s payout ratio is currently 41.24%.
About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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