Honeywell International Inc. (HON) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Honeywell International Inc. (NYSE:HON) posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping the consensus estimate of $1.78 by $0.02, Bloomberg Earnings reports. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. Honeywell International updated its FY17 guidance to $7.00-7.10 EPS and its Q3 guidance to $1.70-1.75 EPS.
Honeywell International (NYSE:HON) opened at 139.00 on Thursday. The stock has a market cap of $105.72 billion, a price-to-earnings ratio of 21.55 and a beta of 0.94. The stock has a 50 day moving average price of $135.77 and a 200 day moving average price of $129.22. Honeywell International has a 52-week low of $105.25 and a 52-week high of $140.21.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be given a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio is presently 41.24%.
Several research firms have commented on HON. HSBC Holdings plc began coverage on shares of Honeywell International in a research note on Wednesday, June 21st. They set a “buy” rating and a $147.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Honeywell International from $136.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Wednesday, June 28th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $148.00 target price on shares of Honeywell International in a report on Tuesday, April 25th. Finally, Credit Suisse Group restated a “hold” rating and issued a $122.00 target price on shares of Honeywell International in a report on Friday, April 21st. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $139.17.
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In other Honeywell International news, insider Timothy O. Mahoney sold 341,701 shares of Honeywell International stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total value of $47,182,074.08. Following the sale, the insider now owns 294,155 shares in the company, valued at $40,616,922.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linnet F. Deily sold 4,344 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the sale, the director now owns 9,753 shares in the company, valued at approximately $1,350,497.91. The disclosure for this sale can be found here. Insiders sold 473,229 shares of company stock worth $64,546,642 in the last 90 days. Company insiders own 1.56% of the company’s stock.
Several large investors have recently bought and sold shares of HON. Crestwood Advisors Group LLC purchased a new stake in Honeywell International during the first quarter valued at about $100,000. Peoples Financial Services CORP. increased its stake in Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after buying an additional 311 shares in the last quarter. Hanson McClain Inc. increased its stake in Honeywell International by 0.4% in 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 in the last quarter. Burt Wealth Advisors increased its stake in Honeywell International by 65.4% in 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 in the last quarter. Finally, Guidant Wealth Advisors increased its stake in Honeywell International by 15.8% in 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 in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.
Honeywell International Company Profile
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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