Honeywell beats Street 1Q forecasts

Honeywell beats Street 1Q forecasts

(NYSE:HON) by 4.2% during the first quarter, Holdings Channel reports. CWM LLC now owns 856 shares of the conglomerate's stock worth $100,000 after buying an additional 274 shares during the period. Princeton Portfolio Strategies Group LLC's holdings in Honeywell International were worth $2,025,000 as of its most recent filing with the SEC.

Several institutional investors have recently bought and sold shares of HON. Oregon Public Employees Retirement Fund raised its stake in Honeywell International by 32.7% in the third quarter. Ancora Advisors LLC now owns 71,994 shares of the conglomerate's stock valued at $8,340,000 after buying an additional 28,606 shares in the last quarter. LLC boosted its stake in Honeywell International by 150.5% in the third quarter.

Over the last twelve months Honeywell International Inc.'s stock price has increased by 0% from 0.00 to 127.08. Stewart & Patten Co Ltd Liability owns 0.06% invested in Honeywell International Inc. Reilly Financial Advisors LLC now owns 888 shares of the conglomerate's stock valued at $104,000 after buying an additional 10 shares in the last quarter. ABR value is precisely based on brokerage recommendations, where out of 16 brokerage recommendations 12 rate Honeywell International Inc. The company's stock had a trading volume of 2,039,408 shares. Honeywell International Inc. has $145 highest and $7 lowest target.

Now we look at the Moving Averages, the 200-day is 11.3, the 50-day is 4.01 and the 20-day is 4.46. The market capitalization of the company is at $98.93 Billion.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, April 21st. After $1.74 actual earnings per share reported by Honeywell International Inc. for the previous quarter, Wall Street now forecasts -6.90% negative EPS growth.

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The company's expected revenue in the current quarter to be 9.32 Billion, seeing a projected current quarter growth of 2.9%, and per annum growth estimates over the next 5 year period of around 6.98%. Honeywell International had a return on equity of 26.79% and a net margin of 12.07%. The business's revenue was down.3% on a year-over-year basis. In contrast to the year ago quarter EPS was at 1.89. During the same period in the previous year, the firm posted $1.56 earnings per share. Shareholders of record on Friday, May 19th will be paid a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 2.06%. The ex-dividend date is Wednesday, May 17th. Honeywell International's dividend payout ratio is now 43.39%. "(HON)" was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of USA and worldwide copyright & trademark laws.

A number of other equities research analysts have also recently commented on the company. Royal Bank of Canada reaffirmed a "buy" rating and issued a $144.00 price objective on shares of Honeywell International in a research report on Tuesday, April 11th. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock.

4/24/2017-Cowen and Company Reiterated Rating of Buy.

"This is the first quarter in 2-3 years where we have seen a clean beat supported by sales upside and strong cash generation". While the company's safety and productivity solution also garnered a hefty amount of attention, increasing by as much as 3% on an organic basis for the quarter. The Company's Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers.

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