Oppenheimer Holdings Equities Analysts Decrease Earnings Estimates for Honeywell International Inc. (HON)
Honeywell International Inc. (NYSE:HON) – Equities research analysts at Oppenheimer Holdings cut their Q3 2016 earnings per share estimates for shares of Honeywell International in a research note issued on Sunday. Oppenheimer Holdings analyst C. Glynn now forecasts that the firm will post earnings per share of $1.60 for the quarter, down from their prior forecast of $1.69. Oppenheimer Holdings currently has a “Outperform” rating and a $128.00 target price on the stock. Oppenheimer Holdings also issued estimates for Honeywell International’s FY2017 earnings at $7.00 EPS.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 22nd. The company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.02. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The firm had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $10.13 billion. During the same period in the previous year, the firm posted $1.51 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis.
A number of other research analysts also recently issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Honeywell International in a research report on Monday, June 27th. Bank of America Corp. set a $132.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Monday, July 25th. Morgan Stanley restated a “buy” rating and set a $127.00 target price on shares of Honeywell International in a research report on Tuesday, September 6th. Goldman Sachs Group Inc. downgraded shares of Honeywell International from a “conviction-buy” rating to a “buy” rating in a research report on Monday. Finally, Credit Suisse Group AG restated a “hold” rating and set a $113.35 target price on shares of Honeywell International in a research report on Friday. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Honeywell International has a consensus rating of “Buy” and a consensus target price of $123.26.
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Shares of Honeywell International (NYSE:HON) traded down 1.263% on Tuesday, reaching $105.451. 3,351,437 shares of the company were exchanged. The stock has a 50 day moving average price of $115.07 and a 200-day moving average price of $115.12. Honeywell International has a 12 month low of $93.71 and a 12 month high of $120.02. The stock has a market capitalization of $80.23 billion, a P/E ratio of 16.683 and a beta of 1.05.
In other Honeywell International news, Vice Chairman Andreas Kramvis sold 1,850 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $114.80, for a total transaction of $212,380.00. Following the completion of the sale, the insider now owns 66,441 shares of the company’s stock, valued at approximately $7,627,426.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer H. Mak sold 277 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $115.54, for a total value of $32,004.58. Following the sale, the vice president now directly owns 420 shares of the company’s stock, valued at approximately $48,526.80. The disclosure for this sale can be found here. Company insiders own 1.83% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. American National Bank increased its stake in Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock worth $111,000 after buying an additional 505 shares in the last quarter. First Personal Financial Services increased its stake in Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock worth $113,000 after buying an additional 547 shares in the last quarter. Ironwood Financial llc purchased a new stake in Honeywell International during the first quarter worth $122,000. Bruderman Asset Management LLC increased its stake in Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock worth $122,000 after buying an additional 172 shares in the last quarter. Finally, Cable Hill Partners LLC increased its stake in Honeywell International by 364.0% in the second quarter. Cable Hill Partners LLC now owns 1,109 shares of the company’s stock worth $130,000 after buying an additional 870 shares in the last quarter. 76.50% of the stock is owned by institutional investors and hedge funds.
About Honeywell International
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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