As of this writing, shares of Honeywell were trading at $98.95 per share in premarket hours. RBC Capital decreased their price objective on Honeywell worldwide from $122.00 to $121.00 in a report on Monday, September 21st.
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Mondelez worldwide, Inc. (MDLZ) of the Consumer Goods sector is up 1.47% so far today trading at $45.64 at a volume of 976518 shares.
In analysts note revealed to clients by Societe Generale on Tuesday morning, Honeywell worldwide Inc (NYSE:HON) had its TP cut to $110.00. These 15 stocks managed to return more than 102% over the last 37 months and outperformed the S&P 500 ETF (SPY) by 53 percentage points (see the details here). The company now has a consensus rating of “Buy” and a consensus target price of $115.47. The company has a market cap of $77.91B and a P/E ratio of 17.91.
Revenue dropped 5% year-over-year to $9.61 billion, falling short of analysts’ expectations of $9.85 billion for the third quarter. Industrial sales were $25.6 billion.
Honeywell will get a boost next year from the $5.1 billion acquisition of Elster, a maker of gas, electric and water meters, which was announced in July. Equities research analysts anticipate that Honeywell worldwide will post $6.10 EPS for the current year.
In other Honeywell global news, Vice Chairman Roger Fradin sold 70,926 shares of the business’s stock in a transaction on Wednesday, July 22nd. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. 2 stock experts have also rated a buy. Honeywell worldwide Inc. has a 52 week low of $82.89 and a 52 week high of $107.41. The disclosure for this sale can be found here.
Honeywell global Inc. (NYSE:HON) 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.
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Aerospace segment revenue fell 2 percent from the prior year period, sales in the automation and control business declined 3 percent and the performance materials segment was down 13 percent. Its Aerospace section is a supplier of aircraft engines, integrated avionics, systems and service alternatives, and relevant services and products.
