Honeywell Intl Lowers FY2024 Adj EPS Guidance $10.15-10.45 to $10.05-$10.25 vs $10.25 Est; Raises FY2024 Sales Guidance from $38.50B-$39.30B to $391.10B-$39.70B vs $38.76B Est

7/25/24 6:07:34 AM ET

Aerospace

Industrials

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TABLE 1: FULL-YEAR 2024 GUIDANCE2

	Previous Guidance	Current Guidance
Sales	$38.5B - $39.3B	$39.1B - $39.7B
Organic1 Growth	4% - 6%	5% - 6%
Segment Margin	23.8% - 24.1%	23.3% - 23.5%
Expansion	Up 30 - 60 bps	Down 20 - Flat bps
Adjusted Earnings Per Share3	$10.15 - $10.45	$10.05 - $10.25
Adjusted Earnings Growth3	7% - 10%	6% - 8%
Operating Cash Flow	$6.7B - $7.1B	$6.6B - $7.0B
Free Cash Flow1	$5.6B - $6.0B	$5.5B - $5.9B

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Recent Analyst Ratings for
$HON

Date	Price Target	Rating	Analyst
10/28/2024		Outperform → Peer Perform	Wolfe Research
10/25/2024	$223.00 → $217.00	Outperform → Neutral	Robert W. Baird
10/24/2024	$250.00 → $230.00	Buy → Neutral	BofA Securities
10/10/2024	$225.00 → $235.00	Overweight → Neutral	JP Morgan
9/6/2024	$210.00	Equal-Weight	Morgan Stanley
4/16/2024	$227.00 → $215.00	Buy → Hold	Deutsche Bank
3/6/2024	$195.00 → $240.00	Hold → Buy	Berenberg
1/4/2023	$220.00 → $193.00	Buy → Sell	UBS

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Dow Jumps 200 Points; Honeywell Trims Profit Outlook
U.S. stocks traded mixed this morning, with the Dow Jones gaining over 200 points on Thursday. Following the market opening Thursday, the Dow traded up 0.53% to 40,064.06 while the NASDAQ fell 1.25% to 17,124.88. The S&P 500 also fell, dropping, 0.38% to 5,406.26. Check This Out: Jim Cramer: This Tech Stock Is ‘Absolutely Terrific,’ But Jumia? It’s Not Making A Lot Of Money Leading and Lagging SectorsReal estate shares jumped by 1.4% on Wednesday. In trading on Wednesday, information technology shares fell by 2.5%. Top Headline Honeywell International Inc. (NASDAQ:HON) reported second-quarter results and lowered FY24 EPS guidance. Adjusted EPS was $2.49 (+8% Y/Y), beat
7/25/24 10:39:49 AM ET
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Ford Posts Downbeat Earnings, Joins MaxLinear, STMicroelectronics And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were lower this morning, with the Nasdaq futures dipping around 0.5% on Thursday. Shares of Ford Motor Company (NYSE:F) fell sharply in today's pre-market trading following a second-quarter earnings miss. Ford reported second-quarter revenue of $47.8 billion, up 6% year-over-year. The revenue beat a Street consensus estimate of $44 billion according to data from Benzinga Pro. The company reported quarterly earnings per share of 47 cents, missing a Street consensus estimate of 68 cents. Ford Motor shares dipped 13% to $11.90 in the pre-market trading session. Here are some big stocks recording losses in today's pre-market trading session. Edwards Lifescience
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Honeywell Beats On Q2 Earnings, Thanks To Aerospace Strength; Lowers FY24 EPS Outlook
Honeywell International Inc. (NASDAQ:HON) shares are trading lower after the company reported second-quarter results and lowered FY24 EPS guidance. Revenue grew 5% Y/Y (organic: +4% Y/Y) to $9.58 billion, beating the consensus of $9.41 billion. The sales increase was attributed to double-digit organic sales growth in defense and space, commercial aviation, and building solutions. Adjusted EPS was $2.49 (+8% Y/Y), beating the consensus of $2.42. Sales by Segments: Aerospace Technologies $3.89 billion (+16% Y/Y), Industrial Automation $2.51 billion (-8% Y/Y), Building Automation $1.57 billion (+4% Y/Y) and Energy and Sustainability Solutions $1.60 billion (+2% Y/Y). Operating ma
7/25/24 9:07:54 AM ET
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$HON
Leadership Updates

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Honeywell Appoints Michael W. Lamach to Board of Directors
CHARLOTTE, N.C., Nov. 28, 2023 /PRNewswire/ -- Honeywell (NASDAQ:HON) announced today that its board of directors has elected Michael W. Lamach, 60, former executive chair of Trane Technologies plc, to its board of directors as an independent director and Audit Committee member, effective December 1, 2023. Lamach served as executive chair of Trane Technologies from July 2021 until his retirement in December 2021, having previously served as both chairman and chief executive officer following the company's February 2020 separation from Ingersoll-Rand plc. After joining Ingers
11/28/23 7:00:00 AM ET
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Janus International Group Appoints Roger Fradin as Vice Chairman
Janus International Group, Inc. (NYSE:JBI) ("Janus" or the "Company"), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced the appointment of Roger Fradin to the position of Vice Chairman of the Board of Directors, effective July 5, 2023. Mr. Fradin, who has served as a director of Janus since 2021, has over 40 years of experience acquiring, building and leading a diverse set of industrial technology businesses. Mr. Fradin's previous roles include President and Chief Executive Officer of the Security and Fire Solutions segment of Pittway Corporation, President and Ch
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Honeywell Names 34-Year Honeywell Veteran Vimal Kapur To Succeed Darius Adamczyk As CEO On June 1, 2023; Kapur Elected To Company's Board Of Directors; Adamczyk To Serve As Executive Chairman
-- Kapur's Track Record and Operational Expertise Positions Honeywell for the Next Level of Outperformance Versus Peers -- Under Adamczyk's Leadership, Honeywell Continued to Outperform Market and Peers, Growing Market Capitalization from $88 Billion in 2016 to $145 Billion in 2022, a 9% CAGR -- Thoughtful Succession Plan Positions Honeywell for Seamless Leadership Transition CHARLOTTE, N.C., March 14, 2023 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced that Vimal Kapur, President and Chief Operating Officer, will succeed Darius Adamczyk as Chief Executive Officer on June 1, 2023. Adamczyk, who became Chief Operating Officer in 2016, Chief Executive Officer in 2017 and Chairman in 2
3/14/23 7:00:00 AM ET
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HONEYWELL ANNOUNCES PARTICIPATION AT UPCOMING INVESTOR CONFERENCES
CHARLOTTE, N.C., Nov. 1, 2024 /PRNewswire/ -- Honeywell (NASDAQ:HON) today announced its participation at upcoming investor conferences in the fourth quarter. Ken West, President and Chief Executive Officer of Honeywell Energy and Sustainability Solutions, will present at the Baird Global Industrials Conference in Chicago, Illinois on Tuesday, November 12, 2024, from 7:20 a.m. - 7:50 a.m. CST (8:20 a.m. - 8:50 a.m. EST).Billal Hammoud, President and Chief Executive Officer of Honeywell Building Automation, will present at the Goldman Sachs Industrials and Materials Conference
11/1/24 9:00:00 AM ET
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HONEYWELL REPORTS THIRD QUARTER RESULTS; UPDATES 2024 GUIDANCE
Sales of $9.7 Billion, Reported Sales Up 6%, Organic1 Sales Up 3%Operating Margin of 19.1% and Segment Margin1 of 23.6%, Above High End of Previous GuidanceEarnings Per Share of $2.16 and Adjusted Earnings Per Share1 of $2.58, Above High End of Previous GuidanceClosed $1.9 Billion Acquisition of CAES Systems and $1.8 Billion Acquisition of Air Products' LNG BusinessAnnounced Intention to Spin Off Advanced Materials Business and Exit PPE BusinessCHARLOTTE, N.C., Oct. 24, 2024 /PRNewswire/ -- Honeywell (NASDAQ:HON) today announced results for the third quarter, including segment margin1 and adjusted earnings per share1 that exceeded the company's guidance despite lower revenues in a challengin
10/24/24 6:00:00 AM ET
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Honeywell and Google Cloud to Accelerate Autonomous Operations with AI Agents for the Industrial Sector
Google Cloud AI to enhance Honeywell's product offerings and help upskill the industrial workforce New solutions will connect to enterprise-wide industrial data from Honeywell Forge, a leading IoT platform for industrials CHARLOTTE, N.C. and SUNNYVALE, Calif., Oct. 21, 2024 /PRNewswire/ -- Honeywell (NASDAQ:HON) and Google Cloud announced a unique collaboration connecting artificial intelligence (AI) agents with assets, people and processes to accelerate safer, autonomous operations for the industrial sector. This partnership will bring together the multimodality and natural l
10/21/24 8:00:00 AM ET
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HONEYWELL REPORTS THIRD QUARTER RESULTS; UPDATES 2024 GUIDANCE
Sales of $9.7 Billion, Reported Sales Up 6%, Organic1 Sales Up 3%Operating Margin of 19.1% and Segment Margin1 of 23.6%, Above High End of Previous GuidanceEarnings Per Share of $2.16 and Adjusted Earnings Per Share1 of $2.58, Above High End of Previous GuidanceClosed $1.9 Billion Acquisition of CAES Systems and $1.8 Billion Acquisition of Air Products' LNG BusinessAnnounced Intention to Spin Off Advanced Materials Business and Exit PPE BusinessCHARLOTTE, N.C., Oct. 24, 2024 /PRNewswire/ -- Honeywell (NASDAQ:HON) today announced results for the third quarter, including segment margin1 and adjusted earnings per share1 that exceeded the company's guidance despite lower revenues in a challengin
10/24/24 6:00:00 AM ET
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HONEYWELL ANNOUNCES PLAN TO SPIN OFF ADVANCED MATERIALS BUSINESS TO SHAREOWNERS
Independent company to be a leading provider of sustainability-focused specialty chemicals and materials with approximately $3.8 billion of revenue and an EBITDA margin greater than 25% expected in FY24Advanced Materials portfolio includes leading brands such as Solstice®, Spectra®, Hydranal® and Aclar®, among othersHoneywell continues to simplify and optimize its portfolio around three compelling megatrends: automation, the future of aviation and energy transitionTax-free spin to shareowners targeted to be completed by the end of 2025 or early 2026CHARLOTTE, N.C., Oct. 8, 2024 /PRNewswire/ -- Honeywell (NASDAQ:HON) today announced a plan to spin off its Advanced Materials business into an i
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HONEYWELL TO INCREASE DIVIDEND EFFECTIVE FOURTH QUARTER 2024
CHARLOTTE, N.C., Sept. 27, 2024 /PRNewswire/ -- Honeywell (NASDAQ:HON) today announced that its Board of Directors has approved an increase in the company's regular annual cash dividend from $4.32 to $4.52 per share. The increase will be effective starting with the fourth-quarter dividend of $1.13 per share, which was declared today, and is payable on December 6, 2024, out of surplus to holders of record at the close of business on November 15, 2024. "By further aligning our portfolio with the three compelling megatrends – automation, the future of aviation, and the energy tra
9/27/24 10:15:00 AM ET
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Honeywell Intl Lowers FY2024 Adj EPS Guidance $10.15-10.45 to $10.05-$10.25 vs $10.25 Est; Raises FY2024 Sales Guidance from $38.50B-$39.30B to $391.10B-$39.70B vs $38.76B Est

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$HON Insider Trading

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SrVP & Chief Financial Officer Lewis Gregory P exercised 26,110 shares at a strike of $119.69 and covered exercise/tax liability with 26,110 shares (SEC Form 4)

Director Ayer William S exercised 3,006 shares at a strike of $124.04 and covered exercise/tax liability with 2,254 shares, increasing direct ownership by 8% to 10,430 units (SEC Form 4)

SEC Form 4 filed by President and CEO, ESS West Kenneth J

$HON SEC Filings

SEC Form 424B5 filed by Honeywell International Inc.

SEC Form 424B5 filed by Honeywell International Inc.

SEC Form S-3ASR filed by Honeywell International Inc.

$HON Market Insights

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Dow Jumps 200 Points; Honeywell Trims Profit Outlook

Ford Posts Downbeat Earnings, Joins MaxLinear, STMicroelectronics And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Honeywell Beats On Q2 Earnings, Thanks To Aerospace Strength; Lowers FY24 EPS Outlook

$HON Leadership Updates

Live Leadership Updates

Honeywell Appoints Michael W. Lamach to Board of Directors

Janus International Group Appoints Roger Fradin as Vice Chairman

Honeywell Names 34-Year Honeywell Veteran Vimal Kapur To Succeed Darius Adamczyk As CEO On June 1, 2023; Kapur Elected To Company's Board Of Directors; Adamczyk To Serve As Executive Chairman

$HON Press Releases

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HONEYWELL ANNOUNCES PARTICIPATION AT UPCOMING INVESTOR CONFERENCES

HONEYWELL REPORTS THIRD QUARTER RESULTS; UPDATES 2024 GUIDANCE

Honeywell and Google Cloud to Accelerate Autonomous Operations with AI Agents for the Industrial Sector

$HON Financials

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HONEYWELL REPORTS THIRD QUARTER RESULTS; UPDATES 2024 GUIDANCE

HONEYWELL ANNOUNCES PLAN TO SPIN OFF ADVANCED MATERIALS BUSINESS TO SHAREOWNERS

HONEYWELL TO INCREASE DIVIDEND EFFECTIVE FOURTH QUARTER 2024

$HON Large Ownership Changes

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SEC Form SC 13G/A filed by Honeywell International Inc. (Amendment)

SEC Form SC 13G/A filed by Honeywell International Inc. (Amendment)

SEC Form SC 13G/A filed by Honeywell International Inc. (Amendment)

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Honeywell downgraded by Wolfe Research

Honeywell downgraded by Robert W. Baird with a new price target

Honeywell downgraded by BofA Securities with a new price target

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