Honeywell International Inc. (NYSE:HON) – Analysts at William Blair raised their Q3 2017 earnings estimates for Honeywell International in a research note issued to investors on Tuesday. William Blair analyst N. Heymann now expects that the conglomerate will earn $1.75 per share for the quarter, up from their prior estimate of $1.70. William Blair also issued estimates for Honeywell International’s FY2017 earnings at $7.10 EPS and FY2018 earnings at $7.65 EPS.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The firm had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.70 EPS.
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HON has been the subject of a number of other research reports. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a research report on Thursday, July 20th. BidaskClub cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a research report on Tuesday, August 22nd. Royal Bank Of Canada lifted their target price on Honeywell International from $145.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. Finally, Citigroup Inc. lifted their target price on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $149.52.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a $0.745 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 2.08%. Honeywell International’s payout ratio is 41.24%.
In related news, insider Timothy O. Mahoney sold 341,701 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total value of $47,182,074.08. Following the completion of the sale, the insider now directly owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer H. Mak sold 420 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the completion of the sale, the vice president now directly owns 1,363 shares of the company’s stock, valued at $186,267.58. The disclosure for this sale can be found here. Insiders have sold 354,108 shares of company stock worth $48,886,463 over the last ninety days. 1.56% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Burt Wealth Advisors grew its stake in shares of Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after acquiring an additional 300 shares during the period. Mosaic Family Wealth LLC grew its stake in shares of Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 78 shares during the period. Guidant Wealth Advisors grew its stake in shares of Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 104 shares during the period. Jolley Asset Management LLC grew its stake in shares of Honeywell International by 6.9% during the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after acquiring an additional 50 shares during the period. Finally, CKW Financial Group bought a new position in shares of Honeywell International during the 2nd quarter worth $108,000. Hedge funds and other institutional investors own 75.77% of the company’s stock.
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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