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Market Update: Honeywell International Inc (NYSE:HON) – Honeywell To Present At Bank Of America Merrill Lynch Global Industrials & EU Autos Conference

[PR Newswire] – MORRIS PLAINS, N.J., March 8, 2016 /PRNewswire/ — Honeywell (NYSE: HON) today announced that Dave Cote, Chairman and CEO, will be presenting at the Bank of America Merrill Lynch Global Industrials & EU … Read more on this. Honeywell International Inc. (HON) , valued at $82.80B, opened at $106.50. Looking at today’s market, HON one day range is $106.09 to $107.67 with the price of the stock fluctuating between $87.00 to $111.86 over the last 52 weeks. HON shares are currently priced at 16.26x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.65x forward p/e ratio. And for passive income investors, the company pays shareholders $2.38 per share annually in dividends, yielding 2.20%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.50 per share, which would be $0.09 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $6.61 is a $0.51 better when compared to the previous 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. Investors should keep in mind is that the average price target is $116.60, which is 9.48% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell to Present at Cowen and Company Aerospace/Defense Conference & Transport One-on-One Forum Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell To Present At Deutsche Bank Global Auto Industry Conference Market Update (NYSE:HON): Honeywell To Present At Goldman Sachs Industrials Conference
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