Q4 2016 EPS Estimates for Honeywell International Inc. (HON) Cut by Oppenheimer Holdings
Honeywell International Inc. (NYSE:HON) – Research analysts at Oppenheimer Holdings reduced their Q4 2016 earnings per share (EPS) estimates for Honeywell International in a report issued on Sunday. Oppenheimer Holdings analyst C. Glynn now anticipates that the firm will post earnings per share of $1.76 for the quarter, down from their previous estimate of $1.77. Oppenheimer Holdings has a “Outperform” rating and a $122.00 price objective on the stock.
Other research analysts have also recently issued research reports about the company. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Honeywell International in a report on Saturday, July 9th. Barclays PLC upped their price target on Honeywell International from $127.00 to $131.00 and gave the company an “overweight” rating in a report on Monday, July 25th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a report on Monday, June 27th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Honeywell International in a report on Monday, July 25th. Finally, Morgan Stanley upped their price target on Honeywell International from $129.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 25th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $122.83.
Honeywell International (NYSE:HON) traded up 1.72% on Wednesday, reaching $107.60. The company’s stock had a trading volume of 3,889,437 shares. The company has a market capitalization of $81.87 billion, a price-to-earnings ratio of 17.02 and a beta of 1.05. The stock has a 50 day moving average price of $114.76 and a 200-day moving average price of $115.05. Honeywell International has a 1-year low of $93.71 and a 1-year high of $120.02.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/q4-2016-eps-estimates-for-honeywell-international-inc-hon-cut-by-oppenheimer-holdings.html
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, July 22nd. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.64 by $0.02. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The company had revenue of $9.78 billion for the quarter, compared to analyst estimates of $10.13 billion. During the same period last year, the company posted $1.51 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year.
In other Honeywell International news, VP Jennifer H. Mak sold 277 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $115.54, for a total transaction of $32,004.58. Following the completion of the transaction, the vice president now owns 420 shares of the company’s stock, valued at approximately $48,526.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 108,712 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the transaction, the senior vice president now directly owns 224,530 shares of the company’s stock, valued at approximately $26,074,668.90. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capstone Asset Management Co. raised its position in shares of Honeywell International by 5.8% in the second quarter. Capstone Asset Management Co. now owns 129,863 shares of the company’s stock worth $15,106,000 after buying an additional 7,168 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its position in shares of Honeywell International by 7.0% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 145,296 shares of the company’s stock worth $16,901,000 after buying an additional 9,517 shares in the last quarter. National Pension Service raised its position in shares of Honeywell International by 4.2% in the first quarter. National Pension Service now owns 383,695 shares of the company’s stock worth $42,993,000 after buying an additional 15,529 shares in the last quarter. LPL Financial LLC raised its position in shares of Honeywell International by 52.7% in the first quarter. LPL Financial LLC now owns 416,083 shares of the company’s stock worth $46,510,000 after buying an additional 143,685 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of Honeywell International by 31.6% in the first quarter. Panagora Asset Management Inc. now owns 317,482 shares of the company’s stock worth $35,574,000 after buying an additional 76,249 shares in the last quarter. 76.50% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.