Company Update (NYSE:HON): Honeywell Releases Details Of February 19, 2016 Proposal Made To United Technologies

[PR Newswire] – MORRIS PLAINS, N.J., Feb. 26, 2016 /PRNewswire/ — Honeywell (NYSE: HON) has received a number of inquiries from investors regarding its proposal to acquire United Technologies. In order to help investors … Read more on this. Honeywell International Inc. (HON) , with a current value of $79.88B, ended session yesterday at $104.19. Looking at the stock, its one day range is $102.71 to $104.53 with a one year range of $87.00 to $111.86. HON shares are currently priced at 15.68x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 14.02x earnings multiple for the same period. The company pays shareholders $2.38 per share annually in dividends, yielding 2.26%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.50 per share, which would be $0.09 better than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $6.59 would be a $0.49 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.36 Billion. If reported, that would be a 1.63% increase over the year-ago quarter. More recently, UBS Initiated HON at Neutral (Jan 22, 2015). Previously, Stifel Nicolaus Initiated HON at to Buy. Given all the information above, we should disclose to readers that the average price target is $115.29, which is 10.65% above than it opened this morning. See more in (NYSE:HON) Similar Articles: Market Update: Honeywell International Inc (NYSE:HON) – Honeywell, United Tech held merger talks: sources Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell to Present at Cowen and Company Aerospace/Defense Conference & Transport One-on-One Forum Market Update: Honeywell International Inc (NYSE:HON) – Get To Know Your Home And Health Better With The Honeywell Family Of Connected Products At CES 2016