Honeywell International Inc. to Post Q3 2024 Earnings of $2.52 Per Share, Zacks Research Forecasts (NASDAQ:HON)

Honeywell International Inc. (NASDAQ:HON) – Equities researchers at Zacks Research issued their Q3 2024 earnings per share estimates for Honeywell International in a research report issued on Wednesday, August 14th. Zacks Research analyst R. Department anticipates that the conglomerate will earn $2.52 per share for the quarter. The consensus estimate for Honeywell International’s current full-year earnings is $10.14 per share. Zacks Research also issued estimates for Honeywell International’s Q4 2024 earnings at $2.74 EPS, FY2024 earnings at $10.09 EPS, Q1 2025 earnings at $2.41 EPS, Q2 2025 earnings at $2.70 EPS, Q3 2025 earnings at $2.59 EPS, Q4 2025 earnings at $3.20 EPS, FY2025 earnings at $10.89 EPS, Q1 2026 earnings at $2.66 EPS, Q2 2026 earnings at $2.95 EPS and FY2026 earnings at $11.70 EPS.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.23 earnings per share.

HON has been the topic of several other research reports. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Royal Bank of Canada decreased their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Wells Fargo & Company decreased their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Citigroup raised their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $225.00.

Honeywell International Price Performance

Shares of HON stock opened at $199.04 on Monday. The stock’s fifty day moving average is $208.81 and its 200-day moving average is $202.40. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The stock has a market capitalization of $129.61 billion, a PE ratio of 23.06, a PEG ratio of 2.32 and a beta of 1.04. Honeywell International has a 52 week low of $174.88 and a 52 week high of $220.79.

Institutional Investors Weigh In On Honeywell International

A number of hedge funds have recently modified their holdings of HON. Price T Rowe Associates Inc. MD raised its position in shares of Honeywell International by 32.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after purchasing an additional 1,899,373 shares during the period. Capital Wealth Planning LLC acquired a new stake in Honeywell International in the 2nd quarter valued at approximately $392,478,000. Natixis raised its position in Honeywell International by 184.8% in the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after buying an additional 544,175 shares during the last quarter. Capital Research Global Investors raised its position in Honeywell International by 20.4% in the 4th quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock valued at $668,959,000 after buying an additional 539,644 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in Honeywell International by 27.5% in the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after purchasing an additional 375,158 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, August 16th. Honeywell International’s payout ratio is 50.06%.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace 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 thermal systems, as well as wireless connectivity services.