Honeywell Boosts Low End Guidance As Q1 Results Top Expectations

Honeywell beats profit estimates raises earnings forecast

(NYSE:HON) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Franklin Resources Inc. now owns 6,563,245 shares of the conglomerate's stock valued at $760,354,000 after buying an additional 337,250 shares in the last quarter. Argus reaffirmed a "buy" rating and set a $135.00 target price on shares of Honeywell International in a research report on Tuesday, January 31st. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading. Crestwood Advisors Group LLC acquired a new position in shares of Honeywell International during the first quarter worth $100,000. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have assigned a buy rating to the company's stock. 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. Carroll Financial Associates Inc. now owns 4,130 shares of the conglomerate's stock valued at $481,000 after buying an additional 108 shares during the last quarter. Finally, Asset Management One Co.

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.

Let's have a look at some of the important valuation ratios of the Honeywell International Inc. Honeywell International has a 1-year low of $105.25 and a 1-year high of $130.74. (NYSE:HON) opened at 127.08 on Friday. The stock increased 1.19% or $0.05 during the last trading session, reaching $4.24. As per Monday, October 19, the company rating was maintained by RBC Capital Markets.

Brokerage houses, on average, are recommending investors to buy Honeywell International Inc.

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The Morris Plains, NJ-based industrial giant reported Q1 earnings per share (EPS) of $1.66, which was $0.04 better than the Wall Street consensus estimate of $1.62. 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 conglomerate reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. This represents a $2.66 annualized dividend and a yield of 2.06%. Honeywell International's dividend payout ratio (DPR) is now 43.39%. "(HON) Upgraded to Hold at Zacks Investment Research" was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and worldwide trademark & copyright law. "(HON)" was first published by Community Financial News and is owned by of Community Financial News. The analysts estimated sales for the higher end at 9984.64 million and lower end at 9621 million while the year ago reported sale was 10825 million. Buy rating has been given by 1 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and no analyst given HOLD rating. Price targets reflect what the analyst believes a stock will be worth four quarters into the future. Zacks Investment Research lowered Honeywell International from a "hold" rating to a "sell" rating in a research report on Wednesday. Credit Suisse Group AG boosted their price target on Honeywell International from $112.00 to $115.00 and gave the stock a "neutral" rating in a research report on Monday, January 30th.

Excluding items, Honeywell earned $1.66 per share. Macquarie Research initiated it with "Neutral" rating and $45 target in Tuesday, November 10 report.

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. Also, Performance Materials and Technologies' sales during the quarter came in at $2,069 million, down 9.3% year over year.

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