Honeywell International Inc. (HON) Q1 net income grew to $1.33 billion

Honeywell beats profit estimates raises earnings forecast

CrestPoint Capital Management LLC purchased a new stake in shares of Honeywell International during the third quarter valued at $641,000. CWM LLC now owns 856 shares of the conglomerate's stock worth $100,000 after buying an additional 274 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Honeywell International during the third quarter worth approximately $247,039,000. Reilly Financial Advisors LLC now owns 888 shares of the conglomerate's stock valued at $104,000 after buying an additional 10 shares in the last quarter. 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. (NYSE:HON). Northstar Asset Management Limited Liability Co invested in 12,800 shares.

Aetna Inc. (NYSE:AET) plunged -0.57% with the closing price of $131.18. Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels. (NYSE:HON) opened at 127.08 on Friday. The company has a market cap of $98.42 billion, a P/E ratio of 20.85 and a beta of 0.94. Honeywell International Inc.'s 50-day moving average is $125.23 and its 200-day moving average is $118.19.

Honeywell International (NYSE:HON) last issued its earnings results 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. The business earned $9.49 billion during the quarter, compared to analysts' expectations of $9.33 billion. Net profit margin of the company was recorded at 12.2 percent, operating profit margin was 16.4 percent, whereas gross profit margin stands at 30.9 percent.

Honeywell International Inc. said Friday it had net income of $1.332 billion, or $1.71 a share, in the first quarter, up from $1.216 billion, or $1.56 a share, in the year-earlier quarter.

Looking forward, the company is expected to report earnings of $1.75 per share for the current quarter.

The company now expects full-year 2017 earnings of $6.90 to $7.10 per share. The ex-dividend date is Wednesday, May 17th. This represents a $2.66 dividend on an annualized basis and a yield of 2.05%. Honeywell International's dividend payout ratio (DPR) is now 43.39%.

Nintendo SNES Classic Mini Set for Christmas Release?
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WARNING: "Ladenburg Thalmann Financial Services Inc". WI boosted its stake in Honeywell International by 59.8% in the fourth quarter.

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Several equities analysts recently issued reports on the company. Zacks Investment Research downgraded shares of Honeywell International from a "hold" rating to a "sell" rating in a research note on Tuesday, December 27th. Zacks Investment Research raised Honeywell International from a "hold" rating to a "buy" rating and set a $142.00 price objective for the company in a research report on Tuesday, March 14th.

Honeywell International Inc. shares were mostly flat in premarket trading Friday. $114.47's average target is -11.15% below currents $128.83 stock price. 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".

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