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Market Update (NYSE:HON): Google And Honeywell Resolve Patent Dispute

[PR Newswire] – MOUNTAIN VIEW, Calif. and GOLDEN VALLEY, Minn., May 5, 2016 /PRNewswire/ — Google Inc. and Honeywell (NYSE: HON) today announced that they have reached a long-term patent cross-license agreement reflecting … Read more on this. Honeywell International Inc. (HON) , currently valued at $86.59B, opened this morning at $113.28. Today’s price range has been between $113.05 and $114.05 per share with its 52-week range being $87.00 to $116.56. Honeywell (HON) shares are currently priced at 16.96x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.50x earnings multiple for the same period. And for income investors, the company pays shareholders $2.38 per share annually in dividends, yielding 2.08%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.64 per share, which would be $0.13 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $6.66, which would be a $0.56 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.14 Billion. If reported, that would be a 3.68% increase over the year-ago quarter. In terms of ratings, UBS Initiated HON at Neutral (Jan 22, 2015). Previously, Stifel Nicolaus Initiated HON at to Buy. With the above information in mind, readers should note that the average price target is $124.21, which is 9.65% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Market Update: Honeywell International Inc (NYSE:HON) – Honeywell and NASA Put STEM Education in ‘Motion’ with FMA Live! Market Update: Honeywell International Inc (NYSE:HON) – Honeywell Acquires Remaining 30 Percent Interest in UOP Russell LLC Market Update: Honeywell International Inc (NYSE:HON) – Honeywell Completes Acquisition of Research Chemicals Business from Sigma-Aldrich
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