Honeywell International Inc. (NYSE:HON) – Analysts at Oppenheimer Holdings cut their Q3 2016 earnings per share (EPS) estimates for shares of Honeywell International in a research note issued on Sunday. Oppenheimer Holdings analyst C. Glynn now expects that the brokerage will post earnings per share of $1.60 for the quarter, down from their previous forecast of $1.69. Oppenheimer Holdings currently has a “Outperform” rating and a $122.00 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 results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates 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 earned $9.78 billion during the quarter, compared to analyst estimates of $10.13 billion. During the same period in the prior year, the company earned $1.51 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis.

Earnings History and Estimates for Honeywell International (NYSE:HON)

Several other equities analysts have also issued reports on HON. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a report on Monday, June 27th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Honeywell International in a research note on Monday, June 27th. Morgan Stanley reiterated a “buy” rating and set a $126.00 target price on shares of Honeywell International in a research note on Thursday, June 30th. Citigroup Inc. reiterated a “buy” rating and set a $132.00 target price on shares of Honeywell International in a research note on Thursday, June 30th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Honeywell International in a research note on Saturday, July 9th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and a consensus price target of $122.83.

Honeywell International (NYSE:HON) opened at 107.43 on Tuesday. Honeywell International has a 52 week low of $93.71 and a 52 week high of $120.02. The company’s 50-day moving average price is $114.49 and its 200-day moving average price is $115.00. The company has a market capitalization of $81.74 billion, a price-to-earnings ratio of 17.00 and a beta of 1.05.

In other 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 sale, the vice president now directly owns 420 shares of the company’s stock, valued at approximately $48,526.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $114.80, for a total transaction of $212,380.00. Following the sale, the insider now directly owns 66,441 shares of the company’s stock, valued at $7,627,426.80. The disclosure for this sale can be found here. Insiders own 1.83% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. American National Bank boosted its stake in shares of Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock valued at $111,000 after buying an additional 505 shares in the last quarter. First Personal Financial Services boosted its stake in shares of Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock valued at $113,000 after buying an additional 547 shares in the last quarter. Ironwood Financial llc bought a new stake in shares of Honeywell International during the first quarter valued at about $122,000. Bruderman Asset Management LLC boosted its stake in shares of Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock valued at $122,000 after buying an additional 172 shares in the last quarter. Finally, Cable Hill Partners LLC boosted its stake in shares of Honeywell International by 364.0% in the second quarter. Cable Hill Partners LLC now owns 1,109 shares of the company’s stock valued at $130,000 after buying an additional 870 shares in the last quarter. 76.50% of the stock is owned by 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.

5 Day Chart for NYSE:HON

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