Honeywell International (NASDAQ:HON – Get Free Report) released its quarterly earnings data on Thursday. The conglomerate reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.08, reports. The firm had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%.
Honeywell International Stock Down 0.5 %
Shares of HON stock opened at $208.00 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International has a one year low of $174.88 and a one year high of $222.98. The company’s fifty day moving average price is $207.39 and its 200-day moving average price is $205.44. The company has a market capitalization of $135.45 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03.
Honeywell International Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. 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 dividend yield of 2.17%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.38%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Honeywell International
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Cornerstone Wealth Group LLC lifted its holdings in Honeywell International by 2.8% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 23,495 shares of the conglomerate’s stock worth $4,857,000 after purchasing an additional 644 shares in the last quarter. Oak Harvest Investment Services grew its holdings in Honeywell International by 29.5% during the 3rd quarter. Oak Harvest Investment Services now owns 45,198 shares of the conglomerate’s stock valued at $9,343,000 after buying an additional 10,300 shares in the last quarter. JFS Wealth Advisors LLC raised its position in shares of Honeywell International by 40.6% during the third quarter. JFS Wealth Advisors LLC now owns 9,533 shares of the conglomerate’s stock valued at $1,971,000 after buying an additional 2,753 shares during the last quarter. SteelPeak Wealth LLC lifted its holdings in shares of Honeywell International by 255.2% in the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after buying an additional 52,830 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its position in shares of Honeywell International by 1.6% during the third quarter. Diversify Wealth Management LLC now owns 11,817 shares of the conglomerate’s stock worth $2,604,000 after acquiring an additional 187 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.
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.
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