Company Update: Honeywell International Inc (NYSE:HON) – Sinopec Pioneers New Technology From Honeywell UOP To Raise Yields Of Petrochemicals In China

[PR Newswire] – The new technology from Honeywell UOP generates substantially higher yields of the chemical components used to make plastics, and has processed more than 2.5 million metric tons of naphtha feed since entering production, meeting all of its performance criteria, including yield quality and quantity. The facility is a cooperative project between the company and Sinopec to jointly commercialize the process based on Honeywell UOP’s pilot plant technology. Read more on this. Honeywell International Inc. (HON) , with a current value of $87.32B, started the session at $113.80. Shares have traded today between $113.68 and $114.62 per share and has traded between $87.00 and $116.56 over the past 12 months. HON shares are currently priced at 17.22x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.50x 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%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.64 per share, which 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 $6.66 is a $0.56 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 $10.14 Billion. If realized, that would be a 3.68% increase 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. Investors should keep in mind is that the average price target is $124.21, which is 9.15% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Market Update: Honeywell International Inc (NYSE:HON) – State Oil Company Of Azerbaijan Republic Selects Honeywell UOP Technology To Modernize Its Heydar Aliyev Refinery Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell Develops Virtual Reality Technology for Future DARPA and U.S. Army Ground Vehicles Market Update: Honeywell International Inc (NYSE:HON) – Honeywell UOP XCeed™ Technology To Help HollyFrontier Meet Stricter Wastewater Regulations
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