Research Analysts Set Expectations for Honeywell International Inc.’s Q4 2017 Earnings (HON)
Honeywell International Inc. (NYSE:HON) – Oppenheimer Holdings boosted their Q4 2017 earnings per share (EPS) estimates for Honeywell International in a research note issued on Sunday. Oppenheimer Holdings analyst C. Glynn now anticipates that the conglomerate will earn $1.86 per share for the quarter, up from their prior forecast of $1.82. Oppenheimer Holdings has a “Outperform” rating and a $155.00 price objective on the stock.
HON has been the subject of a number of other research reports. Stifel Nicolaus raised their price objective on Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. HSBC Holdings plc began coverage on Honeywell International in a research report on Wednesday, June 21st. They set a “buy” rating and a $147.00 price objective for the company. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Wednesday, June 28th. Credit Suisse Group reaffirmed a “hold” rating and set a $122.00 price objective on shares of Honeywell International in a research report on Friday, April 21st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $141.00 price objective on shares of Honeywell International in a research report on Wednesday, May 17th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $138.58.
Shares of Honeywell International (NYSE HON) traded up 0.60% during midday trading on Wednesday, reaching $138.07. The company had a trading volume of 838,839 shares. The company has a market capitalization of $105.01 billion, a P/E ratio of 21.41 and a beta of 0.95. The company has a 50-day moving average price of $134.36 and a 200 day moving average price of $127.61. Honeywell International has a one year low of $105.25 and a one year high of $138.10.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. Honeywell International’s revenue was up .9% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its position in Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after buying an additional 773,734 shares during the period. Clearbridge Investments LLC increased its position in Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after buying an additional 2,114,627 shares during the period. Swiss National Bank increased its position in Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after buying an additional 552,100 shares during the period. Schwab Charles Investment Management Inc. increased its position in Honeywell International by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,343,756 shares of the conglomerate’s stock valued at $292,665,000 after buying an additional 106,870 shares during the period. Finally, AGF Investments Inc. increased its position in Honeywell International by 5.5% in the first quarter. AGF Investments Inc. now owns 2,044,066 shares of the conglomerate’s stock valued at $255,029,000 after buying an additional 105,943 shares during the period. Institutional investors own 76.41% of the company’s stock.
In related news, Director Bradley T. Sheares sold 3,430 shares of Honeywell International stock in a transaction on Friday, May 19th. The stock was sold at an average price of $131.71, for a total value of $451,765.30. Following the completion of the sale, the director now owns 8,731 shares of the company’s stock, valued at $1,149,960.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David M. Cote sold 969,650 shares of Honeywell International stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $130.78, for a total value of $126,810,827.00. The disclosure for this sale can be found here. Insiders sold 1,137,226 shares of company stock valued at $148,857,359 in the last ninety days. 1.56% of the stock is currently owned by corporate insiders.
About Honeywell International
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.
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.