Stock Update (NYSE:HON): Honeywell Names President And Chief Operating Officer And New Leader Of Performance Materials And Technologies

[PR Newswire] – MORRIS PLAINS, N.J., April 4, 2016 /PRNewswire/ — Honeywell (NYSE: HON) today announced that Darius Adamczyk has been appointed to the newly created role of President and Chief Operating Officer (COO) effective immediately, reporting to Chairman and CEO Dave Cote. The heads of all Honeywell businesses along with HOS Gold will report to Adamczyk, 50, who will be an executive officer of the Corporation. As COO, Adamczyk will work closely with Cote to drive continued profitable growth of Honeywell’s operating businesses through HOS Gold breakthrough growth strategies, including advanced software offerings that complement the Company’s diverse technology portfolio. Read more on this. Honeywell International Inc. (HON) , with a current market cap of $86.21B, finished yesterday at $113.23. Looking at today’s trading action, the company’s one day range from $110.84 to $113.44 and has traded between $87.00 and $113.47 over the past year. HON shares are currently priced at 17.18x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.95x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.38 per share annually in dividends, yielding 2.10%. Consensus earnings for the current quarter by the 20 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 $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $6.59 is a $0.49 better 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. The average price target for HON shares is $118.10, which is 4.30% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Company Update (NYSE:HON): Honeywell Releases Details Of February 19, 2016 Proposal Made To United Technologies Stock Update: The Dow Chemical Company (NYSE:DOW) – Dow Announces Appointment of James R. Fitterling as President and Chief Operating Officer Market Update: Honeywell International Inc (NYSE:HON) – Honeywell High-Performance Fiber Helping To Secure Offshore Platforms For Brazil’s Petrobras
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