Honeywell International (HON) to Release Earnings on Friday

Honeywell International (NYSE:HON) will be releasing its earnings data before the market opens on Friday, January 26th. Analysts expect Honeywell International to post earnings of $1.84 per share for the quarter.

Shares of Honeywell International (NYSE HON) opened at $159.59 on Wednesday. Honeywell International has a one year low of $117.12 and a one year high of $160.34. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The company has a market cap of $120,780.00, a price-to-earnings ratio of 24.18, a PEG ratio of 2.41 and a beta of 0.99.

Honeywell International announced that its board has approved a stock buyback program on Friday, December 8th that authorizes the company to buyback $6.50 billion in shares. This buyback authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the transaction, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the completion of the transaction, the vice president now directly owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rowland & Co. Investment Counsel ADV increased its holdings in Honeywell International by 0.4% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock valued at $499,000 after buying an additional 14 shares in the last quarter. Meridian Investment Counsel Inc. increased its holdings in Honeywell International by 0.4% in the second quarter. Meridian Investment Counsel Inc. now owns 7,972 shares of the conglomerate’s stock valued at $1,063,000 after buying an additional 31 shares in the last quarter. Laurel Wealth Advisors Inc. increased its holdings in Honeywell International by 4.8% in the second quarter. Laurel Wealth Advisors Inc. now owns 1,889 shares of the conglomerate’s stock valued at $251,000 after buying an additional 86 shares in the last quarter. Keel Point LLC increased its holdings in Honeywell International by 3.0% in the second quarter. Keel Point LLC now owns 3,591 shares of the conglomerate’s stock valued at $479,000 after buying an additional 104 shares in the last quarter. Finally, Sii Investments Inc. WI increased its holdings in Honeywell International by 1.9% in the second quarter. Sii Investments Inc. WI now owns 6,486 shares of the conglomerate’s stock valued at $862,000 after buying an additional 119 shares in the last quarter. 76.36% of the stock is owned by institutional investors.

Several research firms have recently commented on HON. Cowen reiterated a “buy” rating and set a $150.00 price objective on shares of Honeywell International in a research note on Tuesday, October 10th. Vertical Research reiterated a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Citigroup boosted their target price on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Oppenheimer boosted their target price on shares of Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Finally, Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $161.43.

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About Honeywell International

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.

Earnings History for Honeywell International (NYSE:HON)

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