Honeywell International Inc. (HON) closed at $202.98 in the latest trading session, marking a -1.25% move from the prior day.
Honeywell International Inc. (NASDAQ:HON ) Jefferies Industrials Conference September 5, 2024 8:05 AM ET Company Participants Jim Currier - President & CEO, Aerospace Technologies Conference Call Participants Sheila Kahyaoglu - Jefferies Sheila Kahyaoglu Good morning, everyone. My name is Sheila Kahyaoglu, the Jefferies Aerospace, Defense and Airlines Equity Research team.
Honeywell's chief financial officer Greg Lewis will step down from his role and will be succeeded by Mike Stepniak, the company said on Thursday.
Honeywell International Inc. (HON) concluded the recent trading session at $207.91, signifying a +0.19% move from its prior day's close.
Honeywell (HON) is making strides in the aerospace and defense market, which makes the stock worth a watch amid certain headwinds.
Honeywell (HON) is set to benefit from strength in commercial aviation aftermarket business. However, weakness in the Industrial Automation segment remains a concern.
Honeywell stock price corrected post earnings due to reduced EPS guidance from slower short-cycle business recovery, but I believe it's temporary. Medium to long-term prospects look good with a healthy backlog, easing supply chain constraints and demand in aerospace and energy solutions. Margins impacted by slow short-cycle business recovery, but cost-saving initiatives and potential recovery in the Industrial Automation segment should improve performance.
Honeywell International has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a whopping $20.28B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 2.17% yield, according to the most recent Dividend Channel ''DividendRank'' report. The report noted a strong quarterly dividend history at Honeywell International Inc, and favorable long-term multi-year growth rates in key fundamental data points.
Engineering firm Honeywell Automation reported higher first-quarter profit on Monday, aided by execution of existing orders.
Honeywell (NYSE: HON) recently reported its Q2 results, with revenues and earnings exceeding our estimates. The company reported revenue of $9.6 billion and adjusted earnings of $2.49 per share, compared to our estimate of $9.4 billion and $2.42, respectively.
The company beat revenue and earnings expectations. But management lowered full-year earnings guidance.
Honeywell's (HON) second-quarter 2024 revenues increase 5%, driven by strong momentum in the Aerospace Technologies segment.