The Brokers Offer Predictions for Honeywell International Inc.’s Q3 2017 Earnings (HON)

The Brokers Offer Predictions for Honeywell International Inc.’s Q3 2017 Earnings (HON)

Honeywell International Inc. (NYSE:HON) – Stock analysts at William Blair lifted their Q3 2017 earnings estimates for shares of Honeywell International in a research note issued to investors on Tuesday. William Blair analyst N. Heymann now anticipates that the conglomerate will post earnings of $1.75 per share for the quarter, up from their previous estimate of $1.70. William Blair also issued estimates for Honeywell International’s FY2017 earnings at $7.10 EPS and FY2018 earnings at $7.65 EPS.

A number of other equities analysts have also recently weighed in on the company. Argus lifted their price target on Honeywell International from $152.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird reissued a “buy” rating and issued a $156.00 price target (up previously from $140.00) on shares of Honeywell International in a research note on Wednesday. Cowen and Company reissued a “buy” rating and issued a $150.00 price target on shares of Honeywell International in a research note on Tuesday. Citigroup Inc. lifted their price target on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research note on Thursday, September 28th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $149.52.

Shares of Honeywell International (NYSE:HON) opened at 143.37 on Thursday. The stock has a market capitalization of $109.04 billion, a price-to-earnings ratio of 22.23 and a beta of 0.95. The company has a 50 day moving average of $139.86 and a 200 day moving average of $134.36. Honeywell International has a 52-week low of $107.41 and a 52-week high of $145.30.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.08%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. Honeywell International’s payout ratio is currently 41.24%.

In other news, VP Jennifer H. Mak sold 420 shares of Honeywell International stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the sale, the vice president now directly owns 1,363 shares in the company, valued at approximately $186,267.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 1,000 shares of Honeywell International stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $137.24, for a total value of $137,240.00. Following the sale, the senior vice president now owns 180,211 shares of the company’s stock, valued at $24,732,157.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 354,108 shares of company stock valued at $48,886,463. 1.56% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in HON. Hanson McClain Inc. lifted its holdings in shares of Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares during the last quarter. Burt Wealth Advisors lifted its holdings in shares of Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after buying an additional 300 shares during the last quarter. Guidant Wealth Advisors lifted its holdings in shares of Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after buying an additional 104 shares during the last quarter. Mosaic Family Wealth LLC lifted its holdings in shares of Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after buying an additional 78 shares during the last quarter. Finally, Jolley Asset Management LLC lifted its holdings in shares of Honeywell International by 6.9% during the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

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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