Honeywell (NYSE:HON) issued an update on its second quarter earnings guidance on Friday morning. The company provided earnings per share guidance of $1.97-2.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.00. The company issued revenue guidance of $10.7-10.8 billion, compared to the consensus revenue estimate of $10.64 billion.Honeywell also updated its FY18 guidance to $7.85-8.05 EPS.

Shares of NYSE HON opened at $150.57 on Friday. Honeywell has a 12 month low of $126.10 and a 12 month high of $165.13. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. The stock has a market cap of $113,228.95, a PE ratio of 21.18, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97.

Honeywell (NYSE:HON) last issued its quarterly earnings data on Friday, April 20th. The conglomerate reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.06. The company had revenue of $10.39 billion during the quarter, compared to analyst estimates of $10.03 billion. Honeywell had a return on equity of 27.27% and a net margin of 4.08%. Honeywell’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 earnings per share. sell-side analysts anticipate that Honeywell will post 7.97 EPS for the current year.

Several analysts have issued reports on the company. Zacks Investment Research raised Honeywell from a hold rating to a buy rating and set a $160.00 target price for the company in a research note on Tuesday, April 3rd. ValuEngine raised Honeywell from a hold rating to a buy rating in a research note on Friday, February 2nd. UBS assumed coverage on Honeywell in a research note on Monday, January 22nd. They issued a buy rating for the company. Cowen reaffirmed a buy rating and issued a $168.00 target price on shares of Honeywell in a research note on Monday, January 22nd. Finally, TheStreet lowered Honeywell from an a+ rating to a c+ rating in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $166.07.

In other news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the completion of the sale, the director now owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total value of $426,291.06. Following the sale, the director now directly owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Several large investors have recently added to or reduced their stakes in HON. Janus Henderson Group PLC raised its holdings in shares of Honeywell by 4,986.7% during the second quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock valued at $585,822,000 after acquiring an additional 4,308,688 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Honeywell during the second quarter valued at approximately $6,902,000. AHL Partners LLP raised its holdings in shares of Honeywell by 294.7% during the second quarter. AHL Partners LLP now owns 43,668 shares of the conglomerate’s stock valued at $5,821,000 after acquiring an additional 32,605 shares in the last quarter. Shelton Capital Management bought a new position in shares of Honeywell during the second quarter valued at approximately $3,401,000. Finally, Ontario Teachers Pension Plan Board raised its holdings in shares of Honeywell by 31.6% during the second quarter. Ontario Teachers Pension Plan Board now owns 91,728 shares of the conglomerate’s stock valued at $12,226,000 after acquiring an additional 22,044 shares in the last quarter. 75.30% of the stock is owned by hedge funds and other institutional investors.

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Honeywell Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

Earnings History and Estimates for Honeywell (NYSE:HON)

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