Honeywell Earnings Are Good Despite Weak Comps

Reuters

The technology and manufacturing company posted adjusted earnings of $1.66 per share, compared with the prior-year period's $1.50 per share. The biggest holder now is David M. Cote who owns 165,495 shares (0.02% of those outstanding), whilst Mr. Roger B. Fradin holds 144,296 (0.02% of shares outstanding) and Larry E. Kittelberger holds 132,594 (0.02% of shares outstanding). The company has a 50-day moving average of $125.11 and a 200 day moving average of $117.96. The stock has a market cap of $94.21 billion, a P/E ratio of 19.96 and a beta of 0.94.

They expect $1.62 EPS, up 5.56% or $0.09 from last year's $1.53 per share.

Honeywell reported a strong first quarter of 2017, announcing Friday that its normalized earnings per share were up 11 percent, beating analyst estimates. The firm's quarterly revenue was up.0% compared to the same quarter previous year. Honeywell International has a 52-week low of $105.25 and a 52-week high of $127.52.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, April 21st.

Now the P/E of Honeywell International Inc. stands at 19.93.

More news: Passenger train derails in Karnataka, none hurt

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 6.24%, and has a solid year to date (YTD) performance of 7.41% which means the stock is constantly adding to its value from the previous fiscal year end price. If you are reading this piece of content on another domain, it was stolen and republished in violation of global trademark and copyright laws. The original version of this article can be read at https://www.thecerbatgem.com/2017/04/20/janus-capital-management-llc-has-485649000-position-in-honeywell-international-inc-hon-updated-updated-updated.html.

Several equities analysts have recently commented on HON shares. Zacks Investment Research raised Honeywell International from a "hold" rating to a "buy" rating and set a $142.00 target price for the company in a report on Tuesday, March 14th.

At time of writing this, Honeywell shares are trading up 0.57 percent in pre-market on Friday. Argus reissued a "buy" rating and issued a $135.00 target price on shares of Honeywell International in a report on Tuesday, January 31st. Credit Suisse Group AG upped their price objective on shares of Honeywell International from $112.00 to $115.00 and gave the stock a neutral rating in a report on Monday, January 30th. (NASDAQ:HON), 9 rate it "Buy", 8 "Outperform", 4 "Underperform", 0 "Sell", while 0 "Hold". The company now has an average rating of "Buy" and a consensus price target of $130.68.

"The commercial aftermarket within aerospace and the global distribution business within home and building technologies remained strong".

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