Stock Update (NYSE:HON): Honeywell Process Solutions’ Digital Transformation Business to Help Customers Benefit From Industrial Internet of Things

[PR Newswire] – HOUSTON, April 27, 2016 /PRNewswire/ — Honeywell (HON) Process Solutions (HPS) today announced it has established a new business unit to help manufacturers harness the Industrial Internet of Things (IIoT) and more rapidly deploy technologies that will allow them to better manage and analyze data, making their operations safer, more reliable and more efficient. “Since HPS’s introduction of the modern automation control system, we have helped plants and manufacturing sites around the world use an increasing amount of data to solve customer’s productivity and safety challenges” said Vimal Kapur, HPS president. Andrew Hird has been named vice president and general manager of Honeywell’s new Digital Transformation unit and will report to Kapur. Read more on this. Honeywell International Inc. (HON) , currently valued at $87.52B, started the session at $114.86. Today, shares have traded between $114.42 and $115.30 per share with the price of the stock fluctuating between $87.00 to $116.56 over the last 52 weeks. Honeywell (HON) shares are currently priced at 17.26x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.44x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.38 per share annually in dividends, yielding 2.08%. According to a consensus of 18 analysts, the earnings estimate of $1.64 per share would be $0.13 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.65 is a $0.55 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 $10.15 Billion. If realized, that would be a 3.78% increase over the year-ago quarter. Recently, 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 $124.21, which is 8.14% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Market Update: Honeywell International Inc (NYSE:HON) – Honeywell To Help Reduce Delays And Improve Airport Congestion In Dominican Republic With Its Digital Precision Landing System Market Update: Honeywell International Inc (NYSE:HON) – Honeywell Completes Acquisition of Research Chemicals Business from Sigma-Aldrich Company Update: Honeywell International Inc (NYSE:HON) – Honeywell And Intel Demonstrate Prototype Of Wearable IoT Connected Safety Solution For Industrial Workers And First Responders
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