Honeywell enjoys 'strong start to 2017,' as Q1 earnings beat estimates

Honeywell enjoys 'strong start to 2017,' as Q1 earnings beat estimates

Honeywell enjoys 'strong start to 2017,' as Q1 earnings beat estimates

(HON) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Honeywell International Inc.

A number of other institutional investors have also recently bought and sold shares of HON. CrestPoint Capital Management LLC purchased a new stake in shares of Honeywell International during the third quarter valued at $641,000. The firm owned 17,479 shares of the conglomerate's stock after buying an additional 275 shares during the period. It is the same, as 27 investors sold Bemis Company, Inc. shares while 130 reduced holdings. only 38 funds opened positions while 95 raised stakes. Chesley Taft & Associates LLC now owns 155,683 shares of the conglomerate's stock valued at $18,151,000 after buying an additional 7,170 shares during the last quarter. Farmers Trust Co. boosted its position in Honeywell International by 8.8% in the third quarter.

On 7/29/2016 Honeywell International announced a quarterly dividend of $0.60 with an ex dividend date of 8/17/2016 which will be payable on 9/9/2016. LLC now owns 942 shares of the conglomerate's stock worth $110,000 after buying an additional 566 shares during the period.

Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $128.30.

Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, April 21st. The fund owned 4,220 shares of the conglomerate's stock after buying an additional 90 shares during the period. The company has a market capitalization of $98.42 billion, a price-to-earnings ratio of 20.85 and a beta of 0.94. (NYSE:HON) is 125.13 whilst its 200 day moving average is 118.04. Illinois-based Guggenheim Limited Liability Company has invested 0.14% in Honeywell International Inc. The conglomerate reported $1.66 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.62 by $0.04.

During the first quarter of 2017, Honeywell International Inc. reported revenue of $9.49 billion. Net profit margin of the company was recorded at 12.2 percent, operating profit margin was 16.4 percent, whereas gross profit margin stands at 30.9 percent. The company earned $9.49 billion during the quarter, compared to analysts' expectations of $9.33 billion.

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Several research analysts recently weighed in on the stock. Zacks Investment Research lowered Honeywell International from a "hold" rating to a "sell" rating in a research report on Wednesday. Excluding divestitures, per-share earnings came to $1.66, ahead of the FactSet consensus of $1.62. Stock's minimum price target estimates has been figured out at $115 while the maximum price target forecast is established at $148, if we look at the price target with an optimistic approach it has upside potential of 16% from its latest closing price of $127.08.

Honeywell International Inc. notes that Home and Building Technologies sales for the quarter were up 3%.

Sales in Honeywell's aerospace business, its biggest, fell 4.3 percent to $3.55 billion, but were above the 5-7 percent decline forecast by the company.

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