Honeywell International Inc. (NYSE:HON) – Research analysts at William Blair decreased their Q3 2016 earnings per share estimates for shares of Honeywell International in a research note issued on Thursday. William Blair analyst N. Heymann now forecasts that the brokerage will earn $1.60 per share for the quarter, down from their previous estimate of $1.67. William Blair also issued estimates for Honeywell International’s Q4 2016 earnings at $1.74 EPS.

Other equities research analysts have also issued research reports about the stock. Credit Suisse Group AG reissued a “hold” rating on shares of Honeywell International in a research report on Saturday, July 9th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $128.00 price objective on shares of Honeywell International in a research report on Monday, July 25th. Barclays PLC increased their price objective on shares of Honeywell International from $127.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, July 25th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research report on Monday, June 27th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 price objective on shares of Honeywell International in a research report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $123.00.

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

Shares of Honeywell International (NYSE:HON) opened at 107.87 on Monday. Honeywell International has a 52-week low of $93.71 and a 52-week high of $120.02. The stock has a market cap of $82.08 billion, a price-to-earnings ratio of 17.07 and a beta of 1.05. The stock’s 50 day moving average is $113.51 and its 200 day moving average is $114.91.

Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.02. The firm had revenue of $9.78 billion for the quarter, compared to analyst estimates of $10.13 billion. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.51 EPS.

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Honeywell International by 3.7% in the second quarter. Vanguard Group Inc. now owns 44,675,101 shares of the company’s stock valued at $5,196,607,000 after buying an additional 1,587,804 shares during the period. State Street Corp increased its stake in shares of Honeywell International by 1.0% in the first quarter. State Street Corp now owns 27,915,988 shares of the company’s stock valued at $3,127,990,000 after buying an additional 264,413 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Honeywell International by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 20,359,376 shares of the company’s stock valued at $2,281,268,000 after buying an additional 161,354 shares during the period. FMR LLC increased its stake in shares of Honeywell International by 2.7% in the second quarter. FMR LLC now owns 13,721,682 shares of the company’s stock valued at $1,596,106,000 after buying an additional 358,668 shares during the period. Finally, BlackRock Fund Advisors increased its stake in shares of Honeywell International by 3.5% in the second quarter. BlackRock Fund Advisors now owns 8,980,272 shares of the company’s stock valued at $1,044,585,000 after buying an additional 303,034 shares during the period. Institutional investors and hedge funds own 76.49% of the company’s stock.

In related news, CEO David M. Cote sold 534,505 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $116.15, for a total transaction of $62,082,755.75. Following the completion of the sale, the chief executive officer now owns 700,000 shares in the company, valued at $81,305,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $114.80, for a total value of $212,380.00. Following the sale, the insider now owns 66,441 shares of the company’s stock, valued at approximately $7,627,426.80. The disclosure for this sale can be found here. Insiders own 1.83% of the company’s stock.

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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