Honeywell Boosts Low End Guidance As Q1 Results Top Expectations

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

(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.

Browns zero in on No. 1 pick, trade for veteran QB unlikely
The Cleveland Browns now own the number one pick, and Cleveland taking a quarterback could be a possibility. "We prepare a lot". There have been a lot of rumors that the Browns love Mitchell Trubisky and they are willing to make the trade.

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.

Related News:

  • Sisi in Riyadh to patch-up Saudi-Egypt rift

    Bloomberg News said from July the Saudi government planned to impose a levy on foreign workers with dependents. Last April, the Saudi king visited Egypt and they concluded the demarcation deal during official meetings.
    Trump says 'massive tax cut' plan coming as soon as Wednesday

    Trump says 'massive tax cut' plan coming as soon as Wednesday

    Trump's order directs Mnuchin to determine if the authority could lead to costs for the Treasury, and hence to taxpayers. The presidential order asks Mnuchin to review the tax regulations imposed by President Barack Obama in 2016.
    Confirms 3 pct growth forecast for Serbia in 2017

    Confirms 3 pct growth forecast for Serbia in 2017

    Trump said last week that one of the reasons is that he's relying on savings from the health bill to support the tax plan. China's economy has steadied, thanks to government spending and an easy-money credit boom.
  • 'Fate of the Furious' tops box office as 'The Promise,' 'Unforgettable' bomb

    Warner Bros.' " Unforgettable " seems to have slipped audiences' minds, earning $4.8 million in its first weekend from 2,417 theaters.
    SNES Mini Reported To Be On Its Way

    SNES Mini Reported To Be On Its Way

    SNES Classic Edition has so many great titles to choose from that makes the anticipation of its arrival much more exciting. Moreover, the NES Classic Edition was also reportedly sold for $400, which is nearly the retail value of Nintendo Switch .
    Aaron Hernandez's family, medical examiner's office tussle over ex-NFL player's brain

    Aaron Hernandez's family, medical examiner's office tussle over ex-NFL player's brain

    The team had refused to make the payment following his arrest for the 2013 shooting death of Odin Lloyd in North Attleboro, Mass. The timing of his death - prison officials say he hung himself - has perplexed people and Hernandez didn't leave a suicide note.
  • Nadal claims record-extending 10th Monte Carlo title

    Nadal claims record-extending 10th Monte Carlo title

    The Frenchman, however, played tighter in the second set, which he won after breaking decisively in the 11th game. It was Nadal's 50th career title on his favored surface, moving him one clear of Argentine Guillermo Vilas .
    Government of India bans use of red beacons on VIP vehicles

    Government of India bans use of red beacons on VIP vehicles

    Modi's politically shrewd move has been widely welcomed, but the main opposition Congress party has taken a dig at the decision. Back in 2013, the Supreme Court said the use of beacons on cars used by officials are "ridiculous and synonymous with power".
    Captain Marvel Movie Gets Directors

    Captain Marvel Movie Gets Directors

    The character - who gets her superpowers from a fusion of alien and human DNA - first appeared in comics in 1968. The resulting adjustment imbues her with the superpowers of strength, energy projection, and flight.
  • State Department websites promote Trump's Mar-a-Lago resort, sparking ethics concerns

    State Department websites promote Trump's Mar-a-Lago resort, sparking ethics concerns

    A State Department spokesman said he was not aware of the webpage when asked about it. Following the election, the resort's membership initiation fee doubled to $200,000.

    Saudi king names son as US envoy as ties boosted with Trump

    Awad Al-Awad was named minister of culture and information, another key position in the government, replacing Adel Al-Toraifi. Salman fired Minister of Civil Service Khaled Al Araj, who will be investigated by a committee of the royal court.
    Federal Judges Find That Texas Discriminated Against Minority Voters

    Federal Judges Find That Texas Discriminated Against Minority Voters

    In a long-awaited ruling, the San Antonio-based panel found that lawmakers in 2011 either violated the U.S. Paxton and Republicans are now forced to keep defending major voting laws Texas signed by then-Gov.


Most liked

Tennessee teacher planned to take 15-year-old girl to Mexico
Super 8 motel records showed that Cummins stayed for awhile in Oklahoma City and Guymon, Okla., the complaint said. The charge carries a statutory mandatory minimum sentence of 10 years and up to life in prison.

Janet Jackson reportedly wants nothing from former billionaire beau Wissam Al Mana
To the most lovely person in the world, thank you for your divine love , your eternal support and for being my best friend. It makes you think about what's working and what's not. "She's so happy with her baby and that's all she is focused on".

SC allows NDMC to e-auction Taj Mansingh hotel
The Indian Hotel Company (IHCL), which manages the property popularly known as Taj Mansingh, will take part in the e-auction. The home ministry later said that such an arrangement would lower the potential proceeds from an auction.

Supreme Court bans Jehovah's Witnesses in Russia
The judicial action came after a request from the Russian Ministry of Justice to label the Jehovah's Witnesses an extremist group. Jehovah's Witnesses do advocate the shunning of nonbelievers of their particular faith, even family members.

Samsung will try to fix the S8 reddish Infinity Display
Lastly, Google Play Music will be integrated into Samsung's new virtual assistant Bixby when it launches later this spring. Enough of them spoke up that Samsung has now made a decision to take the matter into its own hands.

Microsoft reveals more new features are coming soon
The company shipped its latest preview build of Windows 10 on Tuesday , and this comes with a new power throttling feature. But Microsoft's announcement says "Each Windows 10 feature release will be serviced and supported for 18 months ".

DeMar DeRozan: Reeling Raptors will be "a different team" in Game 4
All of this is exhausting to think about; in the third quarter, Antetokounmpo blocked a Norman Powell shot with his elbow. Toronto's 77 points were the franchise's fewest in a playoff game since scoring 63 against Detroit on April 21, 2012.

DOJ to Landrieu: prove immigration compliance or risk losing grant
The sanctuary cities were a reaction to Obama-era policies that enlisted local police in immigration enforcement. Sessions said earlier this week that sanctuary cities undermine efforts to fight violent gangs.

Trump defends US TV host accused of sexual harassment
That difference was highlighted even more so on April 5 when Biden responded to the Bill O'Reilly allegations of sexual assault. The New York Times reported that five women received settlements totaling $ 13 million .

Verizon was hemorrhaging subscribers until unlimited data launched
The deal brings to Verizon Yahoo's more than 1 billion users and a wealth of data it can use to offer more targeted advertising. In first-quarter 2017, Verizon added a net of 35,000 Fios Internet connections and lost a net of 13,000 Fios Video connections.

Protesters Arrested Over White Nationalist Richard Spencer's Speech at Auburn University
Auburn officials cited public safety concerns in trying to stop Spencer from appearing in the student union building. Spencer, a leader of the so-called alt-right movement, had originally been scheduled to speak at Foy Hall on campus.

After discontinuing the NES, Nintendo is reportedly releasing a SNES Classic Edition
Nintendo has declined to comment on the SNES Mini, stay tuned to Gameranx as we will bring you more news as it unfolds. With the NES Classic launching last Christmas, it makes sense for Nintendo to follow up that success with another.

Trump to order increased scrutiny of H-1B visa program
Trump said the order would "aggressively promote and use American-made goods and to ensure that American labor is hired to do the job".

Facebook murder suspect kills himself after police pursuit
Lane said the last time she talked to Stephens was Saturday night and he told her he had quit his job and was moving out of state. Until the investigation is complete, Williams said, " we won't actually know where he was and what he was doing ".

Are the Celtics worse than we thought or are the Bulls better?
RoLo should be a force in this series from here on out, regardless of what Brad Stevens throws at him in subsequent games. DeMar DeRozan scored 23 points and produced the go-ahead jump shot late in the fourth quarter.