Q3 2017 EPS Estimates for Honeywell International Inc. Boosted by Analyst (HON)
Honeywell International Inc. (NYSE:HON) – Investment analysts at Oppenheimer Holdings upped their Q3 2017 earnings per share estimates for shares of Honeywell International in a report released on Monday. Oppenheimer Holdings analyst C. Glynn now forecasts that the conglomerate will post earnings of $1.75 per share for the quarter, up from their previous estimate of $1.69. Oppenheimer Holdings currently has a “Outperform” rating and a $155.00 price target on the stock. Oppenheimer Holdings also issued estimates for Honeywell International’s Q4 2017 earnings at $1.84 EPS.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.02. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 EPS. COPYRIGHT VIOLATION WARNING: “Q3 2017 EPS Estimates for Honeywell International Inc. Boosted by Analyst (HON)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/10/19/q3-2017-eps-estimates-for-honeywell-international-inc-boosted-by-analyst-hon.html.
Other research analysts also recently issued research reports about the company. HSBC Holdings plc initiated coverage on Honeywell International in a report on Wednesday, June 21st. They set a “buy” rating and a $147.00 price objective on the stock. BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Cowen and Company reaffirmed a “buy” rating and set a $140.00 price objective on shares of Honeywell International in a report on Monday, July 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $155.00 price objective (up previously from $141.00) on shares of Honeywell International in a report on Monday, July 24th. Finally, Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a report on Thursday, July 20th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $149.52.
Shares of Honeywell International (NYSE:HON) opened at 143.44 on Thursday. The company has a market cap of $109.10 billion, a P/E ratio of 22.24 and a beta of 0.95. Honeywell International has a 52 week low of $107.51 and a 52 week high of $145.30. The firm’s 50-day moving average price is $140.41 and its 200 day moving average price is $134.83.
A number of hedge funds have recently added to or reduced their stakes in the business. First National Bank of Mount Dora Trust Investment Services increased its holdings in Honeywell International by 6.8% during the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 23,241 shares of the conglomerate’s stock worth $3,295,000 after purchasing an additional 1,471 shares in the last quarter. Fulton Bank N.A. increased its holdings in Honeywell International by 7.6% during the 3rd quarter. Fulton Bank N.A. now owns 19,100 shares of the conglomerate’s stock worth $2,707,000 after purchasing an additional 1,347 shares in the last quarter. Neville Rodie & Shaw Inc. increased its holdings in Honeywell International by 3.1% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 53,495 shares of the conglomerate’s stock worth $7,583,000 after purchasing an additional 1,600 shares in the last quarter. Curbstone Financial Management Corp increased its holdings in Honeywell International by 92.5% during the 3rd quarter. Curbstone Financial Management Corp now owns 8,982 shares of the conglomerate’s stock worth $1,273,000 after purchasing an additional 4,316 shares in the last quarter. Finally, Intl Fcstone Inc. bought a new position in Honeywell International during the 2nd quarter worth about $294,000. Hedge funds and other institutional investors own 75.73% of the company’s stock.
In other Honeywell International news, insider Timothy O. Mahoney sold 341,701 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the completion of the transaction, the insider now owns 294,155 shares in the company, valued at approximately $40,616,922.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the transaction, the insider now owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 354,108 shares of company stock valued at $48,886,463. 1.56% of the stock is owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.745 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is currently 41.24%.
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.
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