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Company Update (NYSE:HON): Hyundai Chemical Expands South Korean Petrochemical Complex Using Modular Equipment and Technology from Honeywell UOP

[PR Newswire] – DES PLAINES, Ill., Jan. 19, 2016 /PRNewswire/ — Honeywell (HON) announced today that Hyundai Chemical Co. will use Honeywell UOP technology to expand its petrochemicals complex in Daesan Republic, South Korea, allowing it to make its own feedstock material to boost profitability. The facility will use technology as well as modular equipment from Honeywell UOP to allow the plant to make mixed xylenes, a critical feedstock used by the plant to produce para-xylene, a building block for synthetic fibers, packaging and plastics that is in high demand in Asia. Read more on this. Honeywell International Inc. (HON) , currently valued at $75.00B, opened this morning at $98.42. A quick look at the market, the company’s stock traded between $97.28 and $98.55 with a trailing 52-week range being $87.00 to $107.41. Honeywell (HON) shares are currently priced at 15.94x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.10x earnings multiple for the same period. The company pays shareholders $2.38 per share in dividend income per year, for a current yield of 2.41%. According to a consensus of 18 analysts, the earnings estimate of $1.59 per share would be $0.16 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $6.10, which would be a $0.54 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.99 Billion. If realized, that would be a 2.73% decrease over the year-ago quarter. More recently, UBS Initiated HON at Neutral (Jan 22, 2015). Previously, Stifel Nicolaus Initiated HON at to Buy. Investors should keep in mind is that the average price target is $114.90, which is 16.74% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Company Update: Honeywell International Inc (NYSE:HON) – PennTex Midstream Partners, LP Starts Second Honeywell UOP Russell Modular Gas Processing Plant Company Update: Honeywell International Inc (NYSE:HON) – Egypt’s Alexandria National Refining & Petrochemicals Company To Expand Refinery With Technology And Modular Equipment From Honeywell UOP Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell UOP Technology To Power New, Energy-Efficient Petrochemical Complex In China
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