Q1 2018 Earnings Estimate for Honeywell International Inc. (HON) Issued By William Blair
Honeywell International Inc. (NYSE:HON) – Analysts at William Blair cut their Q1 2018 earnings per share (EPS) estimates for shares of Honeywell International in a research note issued on Thursday. William Blair analyst N. Heymann now expects that the conglomerate will post earnings per share of $1.81 for the quarter, down from their previous forecast of $1.82. William Blair also issued estimates for Honeywell International’s Q2 2018 earnings at $1.95 EPS, Q3 2018 earnings at $1.91 EPS and Q4 2018 earnings at $2.08 EPS.
Several other research analysts have also commented on HON. Royal Bank of Canada boosted their price target on Honeywell International to $163.00 and gave the stock an “outperform” rating in a research report on Thursday. Jefferies Group boosted their price target on Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday. Oppenheimer boosted their price target on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus reduced their price target on Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Citigroup set a $180.00 price target on Honeywell International and gave the stock a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $159.79.
Shares of Honeywell International (HON) traded down $2.57 during midday trading on Friday, reaching $153.23. The company’s stock had a trading volume of 3,142,000 shares, compared to its average volume of 2,721,400. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The company has a market cap of $117,911.05, a price-to-earnings ratio of 22.42, a PEG ratio of 2.39 and a beta of 0.99. Honeywell International has a 1-year low of $113.60 and a 1-year high of $156.70.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.75. The business had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. Honeywell International’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 EPS.
A number of hedge funds have recently made changes to their positions in HON. Schulhoff & Co. Inc. grew its stake in Honeywell International by 1.8% during the 2nd quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock valued at $1,524,000 after purchasing an additional 203 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in Honeywell International by 5.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock valued at $29,184,000 after purchasing an additional 11,091 shares during the last quarter. Edgestream Partners L.P. grew its stake in Honeywell International by 331.4% during the 1st quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock valued at $1,693,000 after purchasing an additional 10,413 shares during the last quarter. Acadian Asset Management LLC grew its stake in Honeywell International by 80.2% during the 2nd quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock valued at $4,436,000 after purchasing an additional 14,816 shares during the last quarter. Finally, Buckingham Capital Management Inc. grew its stake in Honeywell International by 3.1% during the 1st quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock valued at $3,179,000 after purchasing an additional 766 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.
In related news, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the transaction, the vice president now directly owns 104,998 shares in the company, valued at approximately $15,237,309.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the transaction, the director now owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 1.94%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date was Thursday, November 16th. Honeywell International’s payout ratio is 45.15%.
Honeywell International announced that its board has authorized a stock buyback plan on Friday, December 8th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the conglomerate to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
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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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