Company Update: Honeywell International Inc (NYSE:HON) – Honeywell Hosts Annual Investor Conference; Reaffirms First Quarter And Full-Year 2016 Outlook; Targets 2017 Core Organic Sales Up 4-5%

[PR Newswire] – MORRIS PLAINS, N.J., March 2, 2016 /PRNewswire/ — Honeywell ( NYSE: HON ) will hold its annual investor conference in New York City today to reaffirm its first quarter and full year 2016 guidance, highlight … Read more on this. Honeywell International Inc. (HON) , currently valued at $81.65B, started trading this morning at $105.80. During the trading session, HON traded between $105.38 to $107.66 and has traded between $87.00 and $111.86 over the past year. HON shares are currently priced at 16.07x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.19x earnings multiple. And for dividend hunters, the company pays shareholders $2.38 per share annually in dividends, yielding 2.31%. According to a consensus of 19 analysts, the earnings estimate of $1.50 per share would be $0.09 better than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $6.59, which would be a $0.49 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.36 Billion. If realized, that would be a 1.63% increase over the year-ago quarter. More recently, UBS Initiated HON at Neutral (Jan 22, 2015). Previously, Stifel Nicolaus Initiated HON at to Buy. The average price target for HON shares by the analysts covering the stock is $115.29, which is 8.97% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Stock Update (NYSE:HON): Honeywell Reports Full-Year 2015 Sales Of $38.6 Billion; Earnings Up 10% To $6.10 Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell to Present at Cowen and Company Aerospace/Defense Conference & Transport One-on-One Forum Stock Update (NYSE:HON): Honeywell to Release Third Quarter Financial Results and Hold Its Investor Conference Call on Friday, October 16