Honeywell International (HON) reported quarterly earnings results on Friday, Jul-22-2016. The company said it had a profit of $1.66 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $1.64. The company posted revenue of $9991.00 million in the period, compared to analysts expectations of $10136.17 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS.
Many Wall Street Analysts have commented on Honeywell International. Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 122 from a previous price target of $121 .Company shares were Reiterated by Stifel on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 129 from a previous price target of $127 .
Honeywell International opened for trading at $119.44 and hit $120 on the upside on Wednesday, eventually ending the session at $119.88, with a gain of 0.44% or 0.53 points. The heightened volatility saw the trading volume jump to 21,74,439 shares. Company has a market cap of $91,362 M.
In a different news, on Jun 1, 2016, Krishna Mikkilineni (SrVP, Engineering, Ops & IT) sold 13,000 shares at $114.10 per share price. According to the SEC, on May 25, 2016, Andreas Kramvis (Vice Chairman) sold 38 shares at $113.98 per share price. On May 11, 2016, Timothy O. Mahoney (President & CEO, Aerospace) sold 38,630 shares at $115.23 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.