Honeywell International (NASDAQ:HON) issues Q3 2022 earnings guidance

Honeywell International (NASDAQ:HON — GET Ratings) updated its third-quarter 2022 earnings guidance on Friday. The company provided guidance for earnings per share (EPS) of $2.10-$2.20 for the period, compared to the consensus estimate of $2.16. The company issued revenue guidance of $8.90 billion-$9.20 billion, compared to a consensus revenue estimate of $9.00 billion. Honeywell International also updated its fiscal 2022 guidance to $8.55-$8.80 EPS.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HON. In a research report on Friday, July 29, Barclays raised its target price on Honeywell International from $204.00 to $210.00. Citigroup raised its price target on shares of Honeywell International from $211.00 to $222.00 in a report on Friday, July 29. The Street upgraded Honeywell International from a C+ rating to a B- rating in a research report on Thursday, August 11. Royal Bank of Canada raised its price target on Honeywell International from $184.00 to $193.00 in a report on Friday, July 29. Finally, upgraded Honeywell International from a hold rating to a buy rating in a report on Wednesday, August 31. Five Equity Research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from, the company currently has a consensus rating of Moderate Buy and an average target price of $210.08.

Honeywell International Price Display

Shares of NASDAQ HON opened Friday at $173.25. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.20 and a quick ratio of 0.92. The company has a market cap of $116.72 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. The stock’s 50-day moving average is $191.18 and its two-hundred-day moving average is $188.65. The 1-year low of Honeywell International is $167.35 and the 1-year high is $228.26.

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Honeywell International (NASDAQ:HON – GET Ratings) last released its quarterly earnings results on Thursday, July 28. The group reported earnings per share (EPS) of $2.10 for the quarter, well above analysts’ consensus estimates of $2.03 by $0.07. Honeywell International had a net margin of 14.74% and a return on equity of 30.17%. The company’s revenue during the quarter was $8.95 billion, compared to the consensus estimate of $8.67 billion. During the same quarter last year, the firm earned $2.02 per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect Honeywell International to post 8.68 EPS for the current fiscal.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 2. A dividend of $0.98 per share was issued to shareholders of record on Friday, August 12. This represents a $3.92 dividend and a yield of 2.26% on an annualized basis. The ex-dividend date of this dividend was Thursday, August 11. Honeywell International has a Dividend Payout Ratio (DPR) of 53.48%.

Insider Transactions at Honeywell International

In other news, CFO Gregory P. Lewis sold 5,011 shares of the company’s stock in a transaction on Thursday, July 28. The shares were sold at an average price of $190.00 for a total value of $952,090.00. Following the completion of the transaction, the Chief Financial Officer now holds 43,625 shares in the company, valued at approximately $8,288,750. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.45% of the company’s stock.

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Institutional inflow and outflow

Several hedge funds have recently added or decreased their stake in HON. Covestar Ltd increased its stake in Honeywell International by 101.3% during the first quarter. After acquiring an additional 231 shares during the previous quarter, Covestar Ltd. now owns 459 shares of the group’s stock, valued at $89,000. AMI Investment Management Inc. increased its stake in Honeywell International shares by 16.8% during the first quarter. After purchasing an additional 165 shares during the previous quarter, AMI Investment Management Inc. now has 1,149 shares of the group’s stock worth $224,000. Zions BanCorporation NA increased its stake in Honeywell International shares by 22.2% during the first quarter. After purchasing an additional 226 shares during this period, Zions Bancorp NA now holds 1,244 shares of the group’s stock worth $242,000. PFS Investments Inc. purchased a new location at Honeywell International for $255,000 in the first quarter. Finally, West Family Investments Inc. acquired a new position in Honeywell International valued at $276,000 in the first quarter. Hedge funds and other institutional investors own 74.74% of the company’s stock.

About Honeywell International (Get Rating)

Honeywell International Inc. operates as a diversified technology and manufacturing company around the world. Its aerospace segment provides auxiliary power units, propulsion engines, integrated avionics, environmental control and electrical power systems, engine control, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and equipment. does. satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul and maintenance services; thermal systems, as well as wireless connectivity and management services.

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