Honeywell International Inc. (NYSE:HON) – Analysts at William Blair boosted their Q1 2019 earnings per share (EPS) estimates for shares of Honeywell International in a research note issued to investors on Wednesday, March 13th. William Blair analyst N. Heymann now forecasts that the conglomerate will post earnings per share of $1.85 for the quarter, up from their previous forecast of $1.80.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, February 1st. The conglomerate reported $1.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.03. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The business had revenue of $9.73 billion during the quarter, compared to analyst estimates of $9.72 billion. During the same quarter last year, the firm posted $1.85 earnings per share. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year.
Several other brokerages have also recently weighed in on HON. Deutsche Bank raised their target price on shares of Honeywell International to $160.00 and gave the company a “buy” rating in a report on Monday, February 4th. Barclays reduced their target price on shares of Honeywell International from $178.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, December 17th. UBS Group reaffirmed a “top pick” rating on shares of Honeywell International in a report on Thursday, January 10th. Oppenheimer reaffirmed a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. Finally, CIBC reaffirmed a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $168.88.
Shares of NYSE:HON opened at $155.35 on Friday. The company has a market capitalization of $113.26 billion, a P/E ratio of 19.39, a PEG ratio of 2.16 and a beta of 1.10. Honeywell International has a fifty-two week low of $123.48 and a fifty-two week high of $167.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.29.
Institutional investors have recently made changes to their positions in the company. Capital Financial Planning LLC purchased a new position in Honeywell International in the 4th quarter valued at $26,000. Riverview Trust Co purchased a new position in Honeywell International in the 4th quarter valued at $31,000. Semmax Financial Advisors Inc. purchased a new position in Honeywell International in the 4th quarter valued at $33,000. Clarfeld Financial Advisors LLC purchased a new position in Honeywell International in the 4th quarter valued at $36,000. Finally, IMS Capital Management purchased a new position in Honeywell International in the 3rd quarter valued at $53,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Timothy O. Mahoney sold 73,352 shares of Honeywell International stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total value of $11,318,213.60. Following the transaction, the insider now directly owns 305,505 shares of the company’s stock, valued at approximately $47,139,421.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 4,234 shares of Honeywell International stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total transaction of $629,807.50. Following the completion of the transaction, the director now directly owns 11,369 shares in the company, valued at $1,691,138.75. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 22nd were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $3.28 dividend on an annualized basis and a yield of 2.11%. Honeywell International’s payout ratio is currently 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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