Stock Update (NYSE:HON): Honeywell Partners With Indian Manufacturer To Increase Supply Of Low-Global-Warming-Potential Auto Refrigerant

[PR Newswire] – Honeywell will license its proprietary process technologies to produce the refrigerant to Navin Fluorine International Limited (NFIL), which will manufacture Solstice yf in India exclusively for Honeywell. Small-scale production is expected to begin by the end of 2016. Read more on this. Honeywell International Inc. (HON) , with a current value of $85.66B, began trading this morning at $111.98. Looking at the equity, the company’s one day range is $111.83 to $112.79 with a one year range of $87.00 to $112.79. Honeywell (HON) shares are currently priced at 17.10x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.21x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.38 per share annually in dividends, yielding 2.12%. According to a consensus of 20 analysts, the earnings estimate of $1.50 per share would be $0.09 better than the year-ago quarter and a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $6.59 is a $0.49 improvement 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 $9.36 Billion. If realized, 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 $117.75, which is 5.15% above than it opened this morning. See more in (NYSE:HON) Similar Articles: Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell To Present At Deutsche Bank Global Auto Industry Conference Company Update (NYSE:HON): Honeywell Boosts Projections For Reductions In Global Greenhouse Gas Emissions By 36 Percent, Driven By Its New Low-Global-Warming Products Company Update (NYSE:HON): Honeywell Low-Global-Warming Insulation Material Wins Key Industry Innovation Award
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.