What is Zacks Research’s Forecast for HON FY2024 Earnings?

Honeywell International Inc. (NASDAQ:HON) – Investment analysts at Zacks Research issued their FY2024 earnings estimates for shares of Honeywell International in a research report issued to clients and investors on Tuesday, January 21st. Zacks Research analyst R. Department forecasts that the conglomerate will post earnings of $10.16 per share for the year. The consensus estimate for Honeywell International’s current full-year earnings is $9.73 per share. Zacks Research also issued estimates for Honeywell International’s Q4 2024 earnings at $2.75 EPS, FY2025 earnings at $10.84 EPS and Q1 2026 earnings at $2.85 EPS.

Several other brokerages have also issued reports on HON. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Wednesday, December 11th. Citigroup cut their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company lowered their target price on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Eleven 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 MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus price target of $248.29.

Honeywell International Stock Down 1.8 %

NASDAQ HON opened at $221.51 on Friday. The stock has a market capitalization of $144.04 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06. 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 stock has a fifty day moving average of $226.38 and a 200-day moving average of $214.83.

Institutional Trading of Honeywell International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. RIA Advisory Group LLC purchased a new stake in shares of Honeywell International during the third quarter valued at approximately $6,124,000. Copley Financial Group Inc. purchased a new stake in Honeywell International during the 3rd quarter valued at $454,000. EP Wealth Advisors LLC increased its holdings in shares of Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after purchasing an additional 14,271 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Honeywell International by 2.0% in the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after purchasing an additional 12,755 shares during the last quarter. Finally, SteelPeak Wealth LLC lifted its holdings in shares of Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after purchasing an additional 52,830 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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.