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

Honeywell International (NASDAQ:HON) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 9.680-9.780 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

HON has been the subject of several recent analyst reports. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday. UBS Group reiterated a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 9th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $248.77.

Honeywell International Trading Down 0.0 %

NASDAQ:HON opened at $227.62 on Friday. Honeywell International has a one year low of $189.66 and a one year high of $242.77. The company’s 50-day simple moving average is $221.06 and its 200 day simple moving average is $211.75. The firm has a market capitalization of $148.01 billion, a P/E ratio of 26.28, a PEG ratio of 2.85 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is 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.