FY2018 EPS Estimates for Honeywell International Inc. (HON) Cut by Analyst

Honeywell International Inc. (NYSE:HON) – Equities researchers at William Blair cut their FY2018 earnings estimates for shares of Honeywell International in a research note issued to investors on Monday, October 22nd. William Blair analyst N. Heymann now anticipates that the conglomerate will post earnings per share of $7.96 for the year, down from their prior estimate of $8.15. William Blair also issued estimates for Honeywell International’s Q4 2018 earnings at $1.86 EPS, Q1 2019 earnings at $1.96 EPS, Q2 2019 earnings at $2.13 EPS, Q3 2019 earnings at $2.08 EPS, Q4 2019 earnings at $2.18 EPS and FY2019 earnings at $8.35 EPS.

Several other equities research analysts also recently issued reports on HON. MED initiated coverage on Honeywell International in a report on Thursday, July 12th. They set a “buy” rating and a $166.00 price objective on the stock. Argus restated a “buy” rating on shares of Honeywell International in a report on Monday. Citigroup set a $186.00 price objective on Honeywell International and gave the stock a “buy” rating in a report on Monday. Deutsche Bank set a $169.00 price objective on Honeywell International and gave the stock a “buy” rating in a report on Monday. Finally, Morgan Stanley set a $170.00 price objective on Honeywell International and gave the stock a “buy” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $173.32.

Shares of NYSE:HON opened at $152.61 on Tuesday. The stock has a market cap of $113.97 billion, a P/E ratio of 21.46, a P/E/G ratio of 1.81 and a beta of 0.99. The company has a current ratio of 1.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. Honeywell International has a one year low of $139.51 and a one year high of $167.72.

Honeywell International (NYSE:HON) last announced its earnings results on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, beating the consensus estimate of $1.99 by $0.04. The business had revenue of $10.76 billion for the quarter, compared to the consensus estimate of $10.75 billion. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $1.75 EPS.

Institutional investors and hedge funds have recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV grew its position in shares of Honeywell International by 4.7% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 140,209 shares of the conglomerate’s stock worth $20,197,000 after acquiring an additional 6,316 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Honeywell International by 7,972.1% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 22,844 shares of the conglomerate’s stock worth $889,000 after acquiring an additional 22,561 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of Honeywell International by 62.8% in the 2nd quarter. Perigon Wealth Management LLC now owns 13,558 shares of the conglomerate’s stock worth $1,953,000 after acquiring an additional 5,228 shares in the last quarter. New England Asset Management Inc. grew its position in shares of Honeywell International by 467.0% in the 2nd quarter. New England Asset Management Inc. now owns 3,260 shares of the conglomerate’s stock worth $470,000 after acquiring an additional 2,685 shares in the last quarter. Finally, Riverhead Capital Management LLC grew its position in shares of Honeywell International by 38.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 17,874 shares of the conglomerate’s stock worth $2,575,000 after acquiring an additional 4,975 shares in the last quarter. Institutional investors own 74.81% of the company’s stock.

In other news, insider Vimal Kapur sold 9,996 shares of Honeywell International stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $159.25, for a total value of $1,591,863.00. Following the completion of the transaction, the insider now owns 16,131 shares in the company, valued at approximately $2,568,861.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of Honeywell International stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $158.12, for a total value of $484,795.92. Following the completion of the transaction, the director now owns 11,787 shares of the company’s stock, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be given a $0.82 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.15%. Honeywell International’s dividend payout ratio (DPR) is presently 41.91%.

Honeywell International Company Profile

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.

Read More: How can investors find ex-dividend dates?

Earnings History and Estimates for Honeywell International (NYSE:HON)

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