Honeywell International (NASDAQ:HON) Updates FY 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 9.680-9.780 for the period, compared to the consensus estimate of 10.170. The company issued revenue guidance of $38.2 billion-$38.4 billion, compared to the consensus revenue estimate of $38.7 billion. Honeywell International also updated its Q4 2024 guidance to 2.260-2.360 EPS.

Analyst Ratings Changes

Several brokerages have recently commented on HON. JPMorgan Chase & Co. dropped their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Bank of America raised their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Barclays lifted their price target on shares of Honeywell International from $252.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday. Finally, Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $248.77.

Honeywell International Stock Down 0.6 %

Shares of HON opened at $227.69 on Friday. The company has a market capitalization of $148.05 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.82 and a beta of 1.05. Honeywell International has a 52 week low of $189.66 and a 52 week high of $242.77. The stock’s 50-day moving average price is $220.08 and its 200-day moving average price is $211.36. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.99%. The ex-dividend date was Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is presently 52.19%.

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.