Honeywell International (HON) was Reiterated by RBC Capital Mkts to “Outperform” while Lowering the Price Target of the company shares to $ 133 from a previous price target of $138 . RBC Capital Mkts advised their investors in a research report released on Oct 10, 2016.
On the company’s financial health, Honeywell International reported $1.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $1.64. The company had revenue of $9991.00 million for the quarter, 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.
Honeywell International closed down -8.67 points or -7.50% at $106.94 with 2,04,46,322 shares getting traded on Friday. Post opening the session at $107.02, the shares hit an intraday low of $105.2475 and an intraday high of $107.56 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Aug 16, 2016, Katherine L. Adams (SVP and General Counsel) sold 108,712 shares at $116.13 per share price. According to the SEC, on Aug 15, 2016, Darius Adamczyk (President & COO) sold 13,985 shares at $116.18 per share price. On Aug 8, 2016, Linnet F Deily (director) sold 3,319 shares at $115.98 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.