Q3 2017 EPS Estimates for Honeywell International Inc. (NYSE:HON) Decreased by Analyst
Honeywell International Inc. (NYSE:HON) – Research analysts at Oppenheimer Holdings cut their Q3 2017 earnings per share (EPS) estimates for Honeywell International in a research note issued on Sunday. Oppenheimer Holdings analyst C. Glynn now expects that the conglomerate will post earnings of $1.73 per share for the quarter, down from their previous forecast of $1.74. Oppenheimer Holdings has a “Outperform” rating and a $155.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Honeywell International’s FY2017 earnings at $7.05 EPS and FY2018 earnings at $7.70 EPS.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping the consensus estimate of $1.78 by $0.02. The company had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. Honeywell International’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 earnings per share.
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A number of other brokerages also recently issued reports on HON. BidaskClub raised Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Credit Suisse Group reaffirmed a “hold” rating and issued a $115.00 target price on shares of Honeywell International in a research note on Tuesday, April 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $144.00 target price on shares of Honeywell International in a research note on Tuesday, April 11th. Zacks Investment Research downgraded Honeywell International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $141.00 target price (up from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Honeywell International has a consensus rating of “Buy” and a consensus price target of $137.43.
Honeywell International (NYSE HON) opened at 137.71 on Tuesday. The stock has a market capitalization of $104.74 billion, a price-to-earnings ratio of 21.35 and a beta of 0.95. Honeywell International has a 1-year low of $105.25 and a 1-year high of $137.93. The firm’s 50-day moving average is $134.36 and its 200 day moving average is $127.61.
A number of institutional investors have recently made changes to their positions in HON. Crestwood Advisors Group LLC bought a new position in shares of Honeywell International during the first quarter valued at about $100,000. Peoples Financial Services CORP. boosted its position in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after buying an additional 311 shares during the last quarter. Hanson McClain Inc. boosted its position in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares during the last quarter. Jolley Asset Management LLC boosted its position in shares of Honeywell International by 6.9% in the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after buying an additional 50 shares during the last quarter. Finally, MCF Advisors LLC boosted its position in shares of Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after buying an additional 335 shares during the last quarter. Institutional investors own 76.41% of the company’s stock.
In related news, VP Jennifer H. Mak sold 5,510 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $131.88, for a total transaction of $726,658.80. Following the completion of the transaction, the vice president now directly owns 3,141 shares in the company, valued at approximately $414,235.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark R. James sold 116,441 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $130.47, for a total value of $15,192,057.27. Following the transaction, the senior vice president now owns 240,826 shares of the company’s stock, valued at $31,420,568.22. The disclosure for this sale can be found here. Insiders have sold a total of 1,253,667 shares of company stock valued at $164,049,416 over the last 90 days. 1.56% of the stock is currently owned by company insiders.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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