Honeywell International (HON) Releases Earnings Results, Beats Expectations By $0.03 EPS

Honeywell International (HON) reported quarterly earnings results on Friday, Apr-22-2016. The company said it had a profit of $1.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $1.50. The company posted revenue of $9522.00 million in the period, compared to analysts expectations of $9365.12 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS.

Many Wall Street Analysts have commented on Honeywell International. Company shares were Reiterated by Barclays on Apr 18, 2016 to “Overweight”, Firm has raised the Price Target to $ 122 from a previous price target of $107 .Company shares were Reiterated by Stifel on Feb 1, 2016 to “Buy”, Firm has raised the Price Target to $ 113 from a previous price target of $106 .

Honeywell International closed down -0.26 points or -0.23% at $114.92 with 28,65,599 shares getting traded on Wednesday. Post opening the session at $115.31, the shares hit an intraday low of $114.71 and an intraday high of $116.1856 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 19, 2016, Andreas Kramvis (Vice Chairman) sold 74,010 shares at $115.01 per share price. According to the SEC, on Apr 19, 2016, Roger Fradin (Vice Chairman) sold 188,420 shares at $115.12 per share price. On Nov 24, 2015, David M Cote (Chairman & CEO) sold 183,834 shares at $104.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company. The Company is engaged in serving customers across the world with aerospace products and services turbochargers control sensing and security technologies for buildings homes and industry specialty chemicals electronic and advanced materials process technology for refining and petrochemicals and energy efficient products and solutions for homes business and transportation. The Company operates in segments: Aerospace Automation and Control Solutions (ACS) and Performance Materials and Technologies (PMT). Its Aerospace segment is a supplier of aircraft engines integrated avionics systems and service solutions and related products and services. ACS segment provides environmental and combustion controls sensing controls security and life safety products and services. Its PMT segment develops and manufactures advanced materials process technologies and automation solutions.

Honeywell International

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