Honeywell International Inc. (HON) Stock Jumps on Q1 Earnings, Forecast

(NYSE:HON) by 4.2% during the first quarter, Holdings Channel reports. The firm owned 96,988 shares of the conglomerate's stock after buying an additional 42,305 shares during the period.

Over the last twelve months shares in Honeywell International Inc. have increased by 0% from 0.00 to 129.88.

Several other institutional investors have also modified their holdings of the stock. Oregon Public Employees Retirement Fund raised its stake in Honeywell International by 32.7% in the third quarter. (NYSE:HON). Meridian Invest Counsel holds 7,941 shares or 0.61% of its portfolio.

With Friday's gains, shares of Honeywell are up 10 percent for the year and have risen more than 11 percent over the past 12 months. First Citizens Bank & Trust Co. now owns 3,503 shares of the conglomerate's stock valued at $408,000 after buying an additional 14 shares in the last quarter. LLC now owns 942 shares of the conglomerate's stock worth $110,000 after buying an additional 566 shares during the period.

Shares of Honeywell International Inc. Honeywell International has a 1-year low of $105.25 and a 1-year high of $130.74. (NYSE:HON) earned "Strong-Buy" rating by Vetr on Friday, August 28.

Now we look at the Moving Averages, the 200-day is 11.3, the 50-day is 4.01 and the 20-day is 4.46.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, April 21st. After $1.74 actual earnings per share reported by Honeywell International Inc. for the previous quarter, Wall Street now forecasts -6.90% negative EPS growth. Honeywell International had a return on equity of 26.79% and a net margin of 12.07%.

The company said its earnings per share, at 25% tax rate, excluding 2016 divestitures, were $1.66, compared to $1.50 last year.Net sales edged down to $9.492 billion from last year's $9.522 billion. Sure, the percentage is discouraging but better times are ahead as looking out over a next 5-year period, analysts expect the company to see its earnings go up by 59.63%, annually. Stockholders 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 dividend yield of 2.06%. Honeywell International's payout ratio is 43.39%. SRS Capital Advisors Inc. purchased a new position in Honeywell International during the fourth quarter valued at approximately $114,000.

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Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised shares of Honeywell International from a "sell" rating to a "hold" rating in a research note on Tuesday.

Today, Cowen and Company reiterated its Buy rating on Honeywell International (NYSE:HON).

HCR Wealth Advisors acquired a new position in shares of Honeywell International Inc. Macquarie Research initiated it with "Neutral" rating and $45 target in Tuesday, November 10 report.

"The commercial aftermarket within aerospace and the global distribution business within home and building technologies remained strong", he said. The Firm operates through four divisions: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions.