Honeywell Profit Jumps 9% as Costs Fall

However, analysts were expecting a profit of $1.49 per share on sales of $9.74 billion. Smart money as a whole agreed with Peltz, maintaining a bullish outlook for the shares of the conglomerate during the first quarter, as 48 hedge fund managers having $1.29 billion in shares of the company at the end of the first quarter, up from the aggregate investments of $1.13 billion at the end of the fourth quarter of 2014.

Access Investor Kit for Honeywell global, Inc. During the same quarter a year ago, the company posted $1.38 earnings per share.

Honeywell said it was expecting its earnings for the full-year to be between $6.05 and $6.15 a share.

The average estimate among 28 Estimize users was for earnings of $1.51 per share and revenue of $9.91 billion.

Several analysts have recently commented on the stock. Year-to-Date the stock performance stands at 4.95%. The Brokerage Firm announces its price target at $103 per share on the company. (NYSE:HON). However, the stock price could fluctuate by $ 5.72 from the estimate as it is suggested by the standard deviation reading. Finally, analysts at Zacks reiterated a hold rating on shares of Honeywell global in a research note on Monday, March 30th. The company has been rated as hold from 3 Wall Street Analysts. Honeywell global presently has an average rating of Buy and a consensus price target of $112.00. The total amount of the transaction was worth $8,740,144, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Honeywell global Inc. (NYSE:HON) had a weak trading session and its shares were last down at $103.57, down -0.27% or -0.26 points. The Company is serving customers globally with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation.

Nomura initiates coverage on Honeywell worldwide Inc. It manages its business operations through four businesses that are reported as operating segments: Aerospace, Automation and Control Solutions, Performance Materials and Technologies, and Transportation Systems. The 12-month price target for shares is $114.71, reflecting a 10.75% upside potential over the last closing price of $103.57.