Honeywell International Inc. (HON) to Post Q1 2019 Earnings of $1.85 Per Share, William Blair Forecasts

Honeywell International Inc. (NYSE:HON) – Equities research analysts at William Blair raised their Q1 2019 earnings per share (EPS) estimates for shares of Honeywell International in a note issued to investors on Wednesday, March 13th. William Blair analyst N. Heymann now anticipates that the conglomerate will post earnings per share of $1.85 for the quarter, up from their previous forecast of $1.80.

Honeywell International (NYSE:HON) last announced its earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.03. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. The business had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.72 billion. During the same quarter last year, the business posted $1.85 earnings per share. The company’s quarterly revenue was down 10.3% on a year-over-year basis.

Other equities analysts have also issued research reports about the company. Deutsche Bank increased their price target on Honeywell International to $160.00 and gave the company a “buy” rating in a research report on Monday, February 4th. Royal Bank of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price target for the company in a research report on Thursday, January 3rd. UBS Group reiterated a “top pick” rating on shares of Honeywell International in a research report on Thursday, January 10th. Barclays decreased their price target on Honeywell International from $178.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, December 17th. Finally, CIBC reiterated a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $168.88.

Shares of HON stock opened at $155.35 on Friday. Honeywell International has a fifty-two week low of $123.48 and a fifty-two week high of $167.72. The stock has a market cap of $113.26 billion, a P/E ratio of 19.39, a PEG ratio of 2.16 and a beta of 1.10. The company has a quick ratio of 1.06, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 22nd were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.11%. The ex-dividend date was Thursday, February 21st. Honeywell International’s dividend payout ratio is currently 40.95%.

In related news, Director Linnet F. Deily sold 4,234 shares of the stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $148.75, for a total value of $629,807.50. Following the completion of the sale, the director now directly owns 11,369 shares of the company’s stock, valued at approximately $1,691,138.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Timothy O. Mahoney sold 73,352 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total value of $11,318,213.60. Following the completion of the sale, the insider now directly owns 305,505 shares of the company’s stock, valued at $47,139,421.50. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Capital Financial Planning LLC purchased a new stake in shares of Honeywell International during the 4th quarter worth about $26,000. Riverview Trust Co purchased a new stake in shares of Honeywell International during the 4th quarter worth about $31,000. Semmax Financial Advisors Inc. purchased a new stake in shares of Honeywell International during the 4th quarter worth about $33,000. Clarfeld Financial Advisors LLC purchased a new stake in shares of Honeywell International during the 4th quarter worth about $36,000. Finally, IMS Capital Management purchased a new stake in shares of Honeywell International during the 3rd quarter worth about $53,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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

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