Honeywell International (NASDAQ:HON) Updates Q4 Earnings Guidance

Honeywell International (NASDAQ:HON) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $2.26-2.36 for the period, compared to the consensus earnings per share estimate of $2.78. The company issued revenue guidance of $9.80-10.00 billion, compared to the consensus revenue estimate of $10.27 billion.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HON. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Wells Fargo & Company increased their price objective on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Morgan Stanley started coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Royal Bank of Canada raised their target price on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Down 1.3 %

NASDAQ HON traded down $2.98 on Monday, reaching $229.95. The stock had a trading volume of 3,170,984 shares, compared to its average volume of 3,129,629. The business has a 50 day moving average price of $216.57 and a 200 day moving average price of $210.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International has a 1 year low of $189.66 and a 1 year high of $242.77. The company has a market capitalization of $149.52 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 2.77 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) 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.