Trade Report: Today: Brokers Offer Predictions for Honeywell International Inc.’s Q3 2016 Earnings (HON)

Today: Brokers Offer Predictions for Honeywell International Inc.’s Q3 2016 Earnings (HON)

Honeywell International Inc. (NYSE:HON) – Stock analysts at William Blair dropped their Q3 2016 EPS estimates for Honeywell International in a research report issued on Thursday. William Blair analyst N. Heymann now forecasts that the brokerage will post earnings per share of $1.60 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.

Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.02. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The firm 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. The company’s revenue for the quarter was up 2.2% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a report on Monday, June 27th. Stifel Nicolaus lowered their price objective on Honeywell International from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Bank of America Corp. set a $132.00 price objective on Honeywell International and gave the stock a “buy” rating in a report on Monday, July 25th. Citigroup Inc. restated a “buy” rating and set a $132.00 target price on shares of Honeywell International in a report on Thursday, June 30th. Finally, Morgan Stanley restated a “buy” rating and set a $126.00 target price on shares of Honeywell International in a report on Thursday, June 30th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $123.00.

Honeywell International (NYSE:HON) opened at 109.00 on Monday. Honeywell International has a 52 week low of $93.71 and a 52 week high of $120.02. The company has a 50-day moving average price of $114.03 and a 200 day moving average price of $114.93. The company has a market cap of $82.94 billion, a PE ratio of 17.24 and a beta of 1.05.

Institutional investors have recently modified their holdings of the company. American National Bank increased its position in Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock valued at $111,000 after buying an additional 505 shares in the last quarter. First Personal Financial Services increased its position in Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock valued at $113,000 after buying an additional 547 shares in the last quarter. Bruderman Asset Management LLC increased its position in Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock valued at $122,000 after buying an additional 172 shares in the last quarter. Cable Hill Partners LLC increased its position in Honeywell International by 364.0% in the second quarter. Cable Hill Partners LLC now owns 1,109 shares of the company’s stock valued at $130,000 after buying an additional 870 shares in the last quarter. Finally, Zions Bancorporation increased its position in Honeywell International by 14.6% in the first quarter. Zions Bancorporation now owns 1,332 shares of the company’s stock valued at $152,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.

In related news, SVP Katherine L. Adams sold 108,712 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the completion of the transaction, the senior vice president now owns 224,530 shares in the company, valued at $26,074,668.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $114.80, for a total transaction of $212,380.00. Following the transaction, the insider now 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.

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