Oppenheimer Holdings Analysts Lower Earnings Estimates for Honeywell International Inc. (HON)
Honeywell International Inc. (NYSE:HON) – Stock analysts at Oppenheimer Holdings dropped their Q4 2016 earnings estimates for shares of Honeywell International in a research report issued on Sunday. Oppenheimer Holdings analyst C. Glynn now anticipates that the firm will earn $1.76 per share for the quarter, down from their previous forecast of $1.77. Oppenheimer Holdings currently has a “Outperform” rating and a $122.00 target price on the stock.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.02. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The business had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $10.13 billion. During the same period in the prior year, the business posted $1.51 earnings per share. Honeywell International’s revenue for the quarter was up 2.2% compared to the same quarter last year.
A number of other equities analysts have also recently issued reports on the stock. Barclays PLC set a $128.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research note on Wednesday. Argus reaffirmed a “buy” rating on shares of Honeywell International in a research note on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $124.00 price objective (down from $127.00) on shares of Honeywell International in a research note on Monday. RBC Capital Markets reaffirmed an “outperform” rating and issued a $133.00 price objective (down from $138.00) on shares of Honeywell International in a research note on Monday. Finally, Citigroup Inc. reduced their price target on shares of Honeywell International from $131.25 to $128.00 and set a “buy” rating on the stock in a research report on Monday. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and an average target price of $122.70.
Shares of Honeywell International (NYSE:HON) opened at 108.26 on Wednesday. The company has a 50-day moving average of $114.25 and a 200-day moving average of $114.95. The company has a market capitalization of $82.37 billion, a PE ratio of 17.13 and a beta of 1.05. Honeywell International has a one year low of $93.71 and a one year high of $120.02.
In related news, VP Jennifer H. Mak sold 277 shares of Honeywell International stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $115.54, for a total transaction of $32,004.58. Following the completion of the sale, the vice president now owns 420 shares of the company’s stock, valued at approximately $48,526.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of Honeywell International stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $114.80, for a total transaction of $212,380.00. Following the sale, the insider now directly owns 66,441 shares of the company’s stock, valued at approximately $7,627,426.80. The disclosure for this sale can be found here. Corporate insiders own 1.83% of the company’s stock.
A number of hedge funds have recently bought and sold shares of HON. American National Bank increased its stake in Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock worth $111,000 after buying an additional 505 shares in the last quarter. First Personal Financial Services increased its stake in Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock worth $113,000 after buying an additional 547 shares in the last quarter. Ironwood Financial llc acquired a new stake in Honeywell International during the first quarter worth about $122,000. Bruderman Asset Management LLC increased its stake in Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock worth $122,000 after buying an additional 172 shares in the last quarter. Finally, Cable Hill Partners LLC increased its stake in Honeywell International by 364.0% in the second quarter. Cable Hill Partners LLC now owns 1,109 shares of the company’s stock worth $130,000 after buying an additional 870 shares in the last quarter. 76.50% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Company Profile
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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