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.
Honeywell International Inc. (NASDAQ:HON ) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Sean Meakim - Vice President-Investor Relations Vimal Kapur - Chairman & Chief Executive Officer Greg Lewis - Senior Vice President & Chief Financial Officer Conference Call Participants Stephen Tusa - JPMorgan Julian Mitchell - Barclays Nigel Coe - Wolfe Research Scott Davis - Melius Research Andrew Obin - Bank of America Deane Dray - RBC Capital Markets Sheila Kahyaoglu - Jefferies Andy Kaplowitz - Citigroup Joe Ritchie - Goldman Sachs Operator Thank you for standing by and welcome to the Honeywell Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
The headline numbers for Honeywell International (HON) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Shares of Honeywell International (HON) fell over 4% in intraday trading Thursday after the maker of a vast array of commercial products lowered its full-year profit guidance based on management's outlook for the rest of the year, including the impact of recently announced acquisitions.