Honeywell International (NASDAQ:HON) Releases FY 2024 Earnings Guidance

Honeywell International (NASDAQ:HON - Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 9.680-9.780 for the period, compared to the consensus estimate of 10.170. The company issued revenue guidance of $38.2 billion-$38.4 billion, compared to the consensus revenue estimate of $38.7 billion. Honeywell International also updated its Q4 2024 guidance to 2.260-2.360 EPS.

Analyst Upgrades and Downgrades

HON has been the topic of several research reports. JPMorgan Chase & Co. reduced their target price on Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Barclays boosted their price objective on shares of Honeywell International from $252.00 to $260.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. The Goldman Sachs Group increased their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a report on Thursday. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They issued an "equal weight" rating and a $210.00 price target for the company. Finally, Hsbc Global Res raised Honeywell International to a "strong-buy" rating in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of "Hold" and a consensus price target of $248.77.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $0.40 during trading on Friday, hitting $228.09. The company had a trading volume of 713,595 shares, compared to its average volume of 3,132,919. Honeywell International has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock has a fifty day simple moving average of $220.58 and a two-hundred day simple moving average of $211.47. The firm has a market capitalization of $148.32 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a dividend of $1.13 per share. The ex-dividend date was Friday, November 15th. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 1.98%. Honeywell International's payout ratio is presently 52.19%.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace 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 thermal systems, as well as wireless connectivity services.