William Blair Comments on Honeywell International Inc.’s Q3 2016 Earnings (HON)
Honeywell International Inc. (NYSE:HON) – Stock analysts at William Blair cut their Q3 2016 earnings per share estimates for Honeywell International in a research report issued to clients and investors on Thursday. William Blair analyst N. Heymann now anticipates that the firm will earn $1.60 per share for the quarter, down from their previous estimate of $1.67. William Blair also issued estimates for Honeywell International’s Q4 2016 earnings at $1.74 EPS.
Several other research analysts also recently weighed in on HON. Credit Suisse Group AG reissued a “hold” rating on shares of Honeywell International in a research report on Saturday, July 9th. Barclays PLC lifted their target price on shares of Honeywell International from $127.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, July 25th. Stifel Nicolaus dropped their target price on shares of Honeywell International from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Citigroup Inc. reissued a “buy” rating and issued a $132.00 target price on shares of Honeywell International in a research report on Tuesday, July 26th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $128.00 target price on shares of Honeywell International in a research report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $123.00.
Honeywell International (NYSE:HON) opened at 107.87 on Monday. The stock’s 50 day moving average is $113.51 and its 200-day moving average is $114.91. The firm has a market capitalization of $82.08 billion, a price-to-earnings ratio of 17.07 and a beta of 1.05. Honeywell International has a 52 week low of $93.71 and a 52 week high of $120.02.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $10.13 billion. During the same period in the previous year, the business posted $1.51 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year.
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Honeywell International by 3.7% in the second quarter. Vanguard Group Inc. now owns 44,675,101 shares of the company’s stock valued at $5,196,607,000 after buying an additional 1,587,804 shares during the last quarter. State Street Corp boosted its stake in Honeywell International by 1.0% in the first quarter. State Street Corp now owns 27,915,988 shares of the company’s stock valued at $3,127,990,000 after buying an additional 264,413 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Honeywell International by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 20,359,376 shares of the company’s stock valued at $2,281,268,000 after buying an additional 161,354 shares during the period. FMR LLC boosted its stake in Honeywell International by 2.7% in the second quarter. FMR LLC now owns 13,721,682 shares of the company’s stock valued at $1,596,106,000 after buying an additional 358,668 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in Honeywell International by 3.5% in the second quarter. BlackRock Fund Advisors now owns 8,980,272 shares of the company’s stock valued at $1,044,585,000 after buying an additional 303,034 shares during the period. Institutional investors and hedge funds own 76.49% of the company’s stock.
In related news, SVP Katherine L. Adams sold 108,712 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the transaction, the senior vice president now directly owns 224,530 shares in the company, valued at approximately $26,074,668.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $114.80, for a total value of $212,380.00. Following the transaction, the insider now owns 66,441 shares in the company, valued at $7,627,426.80. The disclosure for this sale can be found here. Corporate insiders own 1.83% of the company’s stock.
About Honeywell International
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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