Honeywell International (NASDAQ:HON) Updates Q4 Earnings Guidance

Honeywell International (NASDAQ:HON) updated its fourth quarter earnings guidance on Monday. The company provided EPS guidance of $2.26-2.36 for the period, compared to the consensus EPS estimate of $2.78. The company issued revenue guidance of $9.80-10.00 billion, compared to the consensus revenue estimate of $10.27 billion.

Honeywell International Price Performance

Shares of HON stock opened at $229.95 on Tuesday. The stock has a 50 day moving average price of $216.57 and a 200 day moving average price of $210.03. Honeywell International has a 52-week low of $189.66 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm has a market capitalization of $149.52 billion, a P/E ratio of 26.55, a P/E/G ratio of 2.77 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. 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 1.97%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is currently 52.19%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HON shares. Bank of America lifted their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Barclays lifted their price target on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Wells Fargo & Company increased their price objective on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Finally, UBS Group reiterated a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus price target of $241.45.

About Honeywell International

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.