Honeywell International Inc. reiterated as Outperform By RBC Capital Markets

HON image

BTIM Corp. now owns 25,285 shares of the conglomerate's stock valued at $2,948,000 after buying an additional 18,620 shares during the last quarter. (HON) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Honeywell International Inc. CWM LLC boosted its stake in Honeywell International by 47.1% in the third quarter. The firm owned 17,479 shares of the conglomerate's stock after buying an additional 275 shares during the period. Reilly Financial Advisors LLC increased its position in Honeywell International by 1.1% in the third quarter. The company now anticipates that 2017 earnings per share will be $6.90 to $7.10, up 7 percent to 10 percent, excluding divestitures, any pension mark-to-market adjustments, and 2016 debt refinancing charges. Natixis Asset Mngmt reported 13,911 shares. LLC now owns 942 shares of the conglomerate's stock worth $110,000 after buying an additional 566 shares during the period.

Netflix, Inc. (NASDAQ:NFLX) is another stock that is grabbing investors attention these days. The highest share price NYSE:HON shares have reached in the prior twelve months is 130.74 with the lowest being 105.25. (NYSE:HON) has "Strong-Buy" rating given on Friday, August 28 by Vetr.

Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks. Company's distance from 20 day simple moving average is 2.34% and distance from 50-Day simple moving average is 1.96%.

Honeywell's shares were up 2.8 percent at $127.18 in premarket trading. The conglomerate reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.04.

Revenue during the quarter went down marginally by 0.32 percent to $9,492 million from $9,522 million in the previous year period. Honeywell International had a net margin of 12.07% and a return on equity of 26.79%. "Normalizing for tax, earnings per share was $1.66, or 2 cents above the high-end of our first-quarter guidance and up 11 percent versus past year, excluding divestitures", said Darius Adamczyk, President and Chief Executive Officer of Honeywell.

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In terms of the company's various business segment performance, Aerospace sales for the first quarter were flat from a year ago, while Home and Building Technologies sales gained 3%. The company's 5 year Earnings per share growth and Capital Spending growth remains at 21.45 and 6.53. Shareholders of record on Friday, May 19th will be given a dividend of $0.665 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.66 dividend on an annualized basis and a yield of 2.05%. Honeywell International's payout ratio is 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 accessing this news story on another domain, it was stolen and reposted in violation of United States & global trademark and copyright law. "(HON)" was first published by Community Financial News and is owned by of Community Financial News.

A number of research analysts have recently commented on the stock. Finally, Jefferies Group LLC lifted their price objective on Honeywell International from $133.00 to $141.00 and gave the stock a "positive" rating in a research note on Tuesday, February 21st. Royal Bank of Canada reiterated a "buy" rating and issued a $144.00 price objective on shares of Honeywell International in a research report on Tuesday, April 11th.

Honeywell International Inc. (HON) has been given an average price target of $134.53 from analysts, according to data collected by Finviz. Macquarie Research initiated it with "Neutral" rating and $45 target in Tuesday, November 10 report.

Honeywell International Inc. (HON)'s growth estimate is 3.8 percent for the current quarter. It also says that Performance Materials and Technologies sales were up by 5% and Safety and Productivity Solutions sales were up 3%. The Company's Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers.

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