FY2019 EPS Estimates for Honeywell International Inc. (NYSE:HON) Increased by Jefferies Financial Group
Honeywell International Inc. (NYSE:HON) – Equities research analysts at Jefferies Financial Group boosted their FY2019 earnings per share (EPS) estimates for Honeywell International in a report released on Thursday, October 17th. Jefferies Financial Group analyst S. Kahyaoglu now expects that the conglomerate will post earnings per share of $8.15 for the year, up from their previous forecast of $8.05. Jefferies Financial Group has a “Buy” rating and a $195.00 price target on the stock. Jefferies Financial Group also issued estimates for Honeywell International’s Q4 2019 earnings at $2.05 EPS.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, October 17th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.07. Honeywell International had a return on equity of 32.01% and a net margin of 17.06%. The business had revenue of $9.09 billion for the quarter, compared to analyst estimates of $9.12 billion. During the same quarter in the prior year, the company earned $2.03 earnings per share. The company’s quarterly revenue was down 15.6% on a year-over-year basis.
HON stock opened at $168.94 on Monday. Honeywell International has a twelve month low of $123.48 and a twelve month high of $178.47. The company has a quick ratio of 0.96, a current ratio of 1.32 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average is $166.12 and its 200-day moving average is $168.48. The firm has a market capitalization of $120.53 billion, a PE ratio of 21.09, a P/E/G ratio of 2.24 and a beta of 1.10.
Several institutional investors and hedge funds have recently modified their holdings of HON. Nuveen Asset Management LLC increased its position in shares of Honeywell International by 10,615.4% during the second quarter. Nuveen Asset Management LLC now owns 9,053,437 shares of the conglomerate’s stock valued at $1,580,640,000 after acquiring an additional 8,968,947 shares during the last quarter. Thoroughbred Financial Services LLC increased its position in shares of Honeywell International by 18,092.3% during the second quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock valued at $255,365,000 after acquiring an additional 2,539,617 shares during the last quarter. BlackRock Inc. increased its position in shares of Honeywell International by 3.7% during the second quarter. BlackRock Inc. now owns 44,949,545 shares of the conglomerate’s stock valued at $7,847,743,000 after acquiring an additional 1,623,768 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Honeywell International by 131.0% during the second quarter. Janus Henderson Group PLC now owns 2,838,990 shares of the conglomerate’s stock valued at $495,664,000 after acquiring an additional 1,610,006 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Honeywell International by 2,073.6% during the third quarter. Assenagon Asset Management S.A. now owns 573,896 shares of the conglomerate’s stock valued at $97,103,000 after acquiring an additional 547,493 shares during the last quarter. 75.84% of the stock is owned by institutional investors.
In related news, Chairman Darius Adamczyk sold 7,149 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the completion of the sale, the chairman now directly owns 75,521 shares of the company’s stock, valued at $12,467,006.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rajeev Gautam sold 10,984 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $163.88, for a total value of $1,800,057.92. Following the sale, the chief executive officer now directly owns 28,920 shares of the company’s stock, valued at $4,739,409.60. The disclosure for this sale can be found here. Insiders have sold 25,133 shares of company stock valued at $4,141,655 over the last ninety days. 0.73% of the stock is currently owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.13%. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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