Q3 2018 Earnings Forecast for Honeywell International Inc. (HON) Issued By Oppenheimer
Honeywell International Inc. (NYSE:HON) – Stock analysts at Oppenheimer lifted their Q3 2018 EPS estimates for Honeywell International in a report released on Tuesday, September 25th. Oppenheimer analyst C. Glynn now expects that the conglomerate will post earnings per share of $2.00 for the quarter, up from their previous forecast of $1.98. Oppenheimer currently has a “Outperform” rating and a $184.00 target price on the stock. Oppenheimer also issued estimates for Honeywell International’s FY2018 earnings at $8.15 EPS and FY2020 earnings at $8.85 EPS.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share for the quarter, topping the Zacks’ 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 the consensus estimate of $10.80 billion. During the same quarter in the prior year, the firm posted $1.80 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis.
Shares of Honeywell International stock opened at $165.36 on Thursday. Honeywell International has a 1-year low of $139.20 and a 1-year high of $167.63. 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 company has a market cap of $122.95 billion, a PE ratio of 23.34, a PEG ratio of 1.92 and a beta of 1.01.
A number of hedge funds and other institutional investors have recently made changes to their positions in HON. CX Institutional acquired a new stake in shares of Honeywell International during the second quarter worth $100,000. Well Done LLC acquired a new stake in shares of Honeywell International during the first quarter worth $103,000. Jolley Asset Management LLC acquired a new stake in shares of Honeywell International during the second quarter worth $104,000. Bruderman Asset Management LLC acquired a new stake in shares of Honeywell International during the first quarter worth $114,000. Finally, Fort L.P. acquired a new stake in shares of Honeywell International during the second quarter worth $118,000. Hedge funds and other institutional investors own 74.55% of the company’s stock.
In other Honeywell International news, insider Vimal Kapur sold 9,996 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The shares were 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 directly owns 16,131 shares in the company, valued at approximately $2,568,861.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $158.12, for a total transaction of $484,795.92. Following the completion of the transaction, the director now owns 11,787 shares of the company’s stock, valued at $1,863,760.44. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Friday, August 17th were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 1.80%. The ex-dividend date was Thursday, August 16th. Honeywell International’s payout ratio is 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.
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