Honeywell International Inc. (HON) Expected to Announce Quarterly Sales of $10.73 Billion

Brokerages forecast that Honeywell International Inc. (NYSE:HON) will post sales of $10.73 billion for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Honeywell International’s earnings, with estimates ranging from $10.58 billion to $10.86 billion. Honeywell International posted sales of $10.12 billion during the same quarter last year, which suggests a positive year over year growth rate of 6%. The business is scheduled to issue its next earnings report on Friday, October 19th.

According to Zacks, analysts expect that Honeywell International will report full year sales of $43.40 billion for the current year, with estimates ranging from $43.28 billion to $43.55 billion. For the next year, analysts expect that the company will post sales of $45.22 billion per share, with estimates ranging from $44.92 billion to $45.62 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Honeywell International.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.11. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The company had revenue of $10.92 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the business earned $1.80 EPS. The firm’s revenue was up 8.3% on a year-over-year basis.

Several brokerages have recently issued reports on HON. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $174.00 price target for the company in a report on Tuesday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Honeywell International from $168.00 to $170.00 and gave the company a “$153.70” rating in a report on Monday, July 23rd. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. MED assumed coverage on shares of Honeywell International in a report on Thursday, July 12th. They issued a “buy” rating and a $166.00 price target for the company. Finally, Wolfe Research assumed coverage on shares of Honeywell International in a research note on Wednesday, June 27th. They issued an “outperform” rating and a $170.00 target price for the company. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $170.29.

In other news, insider Timothy O. Mahoney sold 114,489 shares of the stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $150.20, for a total transaction of $17,196,247.80. Following the completion of the transaction, the insider now directly owns 314,725 shares in the company, valued at approximately $47,271,695. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Vimal Kapur sold 9,996 shares of the stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the transaction, the insider now owns 16,131 shares of the company’s stock, valued at $2,568,861.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,977 shares of company stock valued at $19,788,828. Company insiders own 1.33% of the company’s stock.

Several institutional investors have recently bought and sold shares of HON. Summit Trail Advisors LLC boosted its stake in shares of Honeywell International by 13,390.2% during the 1st quarter. Summit Trail Advisors LLC now owns 4,022,630 shares of the conglomerate’s stock worth $4,023,000 after buying an additional 3,992,811 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Honeywell International by 110.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,530,951 shares of the conglomerate’s stock worth $234,785,000 after buying an additional 802,574 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Honeywell International during the 2nd quarter worth about $104,007,000. Point72 Asset Management L.P. boosted its stake in shares of Honeywell International by 322.1% during the 1st quarter. Point72 Asset Management L.P. now owns 919,922 shares of the conglomerate’s stock worth $132,938,000 after buying an additional 701,968 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Honeywell International by 695.7% during the 1st quarter. Millennium Management LLC now owns 775,821 shares of the conglomerate’s stock worth $112,114,000 after buying an additional 678,323 shares during the last quarter. Institutional investors own 74.59% of the company’s stock.

Shares of HON stock traded up $0.92 on Friday, hitting $154.10. The stock had a trading volume of 2,100,600 shares, compared to its average volume of 2,927,690. Honeywell International has a twelve month low of $134.50 and a twelve month high of $165.13. The firm has a market capitalization of $113.69 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.78 and a beta of 1.03. The company has a quick ratio of 1.11, a current ratio of 1.38 and a debt-to-equity ratio of 0.70.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Friday, August 17th will be paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, August 16th. Honeywell International’s payout ratio is presently 41.91%.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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