Published: Wed, April 26, 2017
Finance | By Laverne Griffith

Honeywell profit beats; shares hit record high

Honeywell profit beats; shares hit record high

Dynamic Advisors Solutions LLC raised its stake in Honeywell International by 1.8% in the third quarter. Morgan Stanley now owns 11,693,854 shares of the conglomerate's stock valued at $1,363,390,000 after buying an additional 455,732 shares in the last quarter.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, April 21st. Hillsdale Investment Mngmt reported 0% of its portfolio in Honeywell International Inc. (NYSE:YUMC) trade finished at $32.75 as shares decreasing -1.00%. State Street Corp boosted its stake in Honeywell International by 4.4% in the fourth quarter. The firm owned 96,988 shares of the conglomerate's stock after buying an additional 42,305 shares during the period. Fiduciary Management Inc. WI now owns 5,038,398 shares of the conglomerate's stock valued at $583,698,000 after buying an additional 1,885,005 shares in the last quarter. The volatility in the previous week has experienced by 1.75% and observed of 2.07% in the previous month.68.20% ownership is held by institutional investors while insiders hold ownership of 0.02%.

Netflix, Inc. (NASDAQ:NFLX) is another stock that is grabbing investors attention these days. Carroll Financial Associates Inc. increased its position in shares of Honeywell International by 2.7% in the third quarter. (NYSE:HON) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). CWM LLC now owns 856 shares of the conglomerate's stock worth $100,000 after buying an additional 274 shares during the period. Most recently on 2/23/11 the stock of Honeywell International Inc.

Among 16 analysts covering Honeywell International Inc. (NYSE:HON) are on a recovery track as they have regained 22.11% since bottoming out at $105.25 on October 07, 2016.

Shares of Honeywell International closed the previous trading session at 127.08 up +3.31 2.67% with 6,281,886 shares trading hands. The firm has a market cap of $98.42 billion, a PE ratio of 20.85 and a beta of 0.94.

Honeywell International Inc. (NYSE:HON) has a 50 day moving average of 125.13 and a 200 day moving average of 118.04. (NYSE:HON). Federated Invsts Pa has invested 0.01% in Honeywell International Inc.

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The company's earnings advanced 10 percent to $1.71 a share from $1.56 and came in above the estimates of $1.62. Honeywell International had a net margin of 12.07% and a return on equity of 26.79%. During the same period in the prior year, the business earned $1.58 EPS. The business had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.33 billion.

The company now expects full-year 2017 earnings of $6.90 to $7.10 per share. The analysts estimated sales for the higher end at 9984.64 million and lower end at 9621 million while the year ago reported sale was 10825 million.

Today there are 761,194,000 shares in issue of Honeywell International Inc. which are now trading at 129.89 which brings the business's market capitalisation to 98.87B United States dollars. 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.

Excluding items, Honeywell earned $1.66 per share. Zacks Investment Research cut Honeywell International from a "hold" rating to a "sell" rating in a research report on Tuesday, December 27th. The company has a consensus rating of "Buy" and a consensus price target of $134.05.

Home and Building Technologies reported sales of $2.55 billion, up 3%, with a profit of $389 million. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company's Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers. Waters Parkerson Ltd holds 0.05% or 3,916 shares.

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