Stock Update (NYSE:HON): EU regulators approve Honeywell’s buy of Elster subject to conditions

[Reuters – UK Focus] – European Union antitrust regulators on Monday approved Honeywell International Inc’s $5.1 billion purchase of Elster Group, the utility consumption metering business of Britain’s Melrose Industries Plc, … Read more on this. Honeywell International Inc. (HON) , currently valued at $79.50B, opened at $102.72. Shares have traded today between $102.42 and $103.75 per share with its 52-week range being $87.00 to $107.41. Honeywell (HON) shares are currently priced at 16.69x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.63x earnings multiple for the same period. And for income investors, the company pays shareholders $2.38 per share annually in dividends, yielding 2.34%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.59 per share, which would be $0.16 better than the year-ago quarter and a $0.06 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.10 is a $0.54 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.00 Billion. If realized, that would be a 2.63% decrease 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. The average price target for HON shares by the analysts covering the stock is $114.85, which is 11.81% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell And NASA Bring Hip-Hop Science Series To North Carolina Middle Schools Stock Update (NYSE:HON): Honeywell To Present At Morgan Stanley Laguna Conference Stock Update (NYSE:HON): Honeywell Declares Quarterly Dividend