The Honeywell (NYSE: HON) Round-Up

Honeywell (NYSE: HON) International is an American multinational conglomerate brand that serves a wide range of customers with commercial and consumer products, engineering services as well as aerospace systems. The company is based in New Jersey. It caters to private consumer and organizations as well as the government institutes. It was listed at number 77 in the Fortune 500 America, back in 2012. The current Honeywell (NYSE: HON) is a product of AlliedSignal and Honeywell (NYSE: HON). This merger took place back in 1999. The name Honeywell (NYSE: HON) was agreed upon as it has strong brand recognition.

In recent news, Honeywell (NYSE: HON) shares of the third quarter opened at $1.43 per share or $10.11 billion in total of revenue. This goes in line with Thomas Reuter’s prediction of $1.41 per share and a total of $10.04 billion in revenue. The company did exceptionally well from the 2013 third quarter. The figures back then were $1.24 per share and total revenue rounded up to $9.65 billion. In September 2014, the company also introduced Digital Suites for Oil and Gas, software and service aimed at boosting production performance of oil and gas by 3 to 5 percent along with enhancing operational safety.

These figures have helped the company make its year’s calculation and predictions. Honeywell (NYSE: HON) estimated its full year’s earning of per share to be in between $5.50 to $5.55, and the expected revenue for the year to range between $40.3 billion to $40.4 billion. Thomas Reuters has also arrived at figures much closer to these, with $5.54 in per share earnings and the total year’s revenue closing at $40.39 billion.

Honeywell (NYSE: HON) net income of around $1.19 billion is a combination of its three main segments. Firstly aerospace segment quarter results showed a little increase to $3.89 billion. The segment margin was of 20.3% while the profit of 8%. Otherwise it remained somewhat stagnant.

Secondly, Automation and Control Solutions, where revenue grew as much as $3.67 billion with a percentage growth of 9% in revenues, 15.9% in segment margin and 11% in segment profit.

Lastly, a 7% increase in performance materials and technologies to $2.54 billion. Segment margin has gone up by 17.5% and segment profit by 8%.

According to Honeywell (NYSE: HON) chairman and CEO Dave Cote, who proudly gave his statement regarding the third quarter, said that he believes that third quarter came to a strong finish with a rise in organic sales and the double digit earnings. It helped determine 2014 proforma EPS outlook be $0.05 to$5.50-5.55, a percentage raise of 11% to 12%. Even though, the next year predictions mark a slow growth in macro environment, but the company hopes to generate strong earnings growth, hence attaching many monetary and growth expectations to the next year.

At this stage the stock has a set price target of $106.53 and the 52 week trading is expected to fluctuate between $82.89 till $98.09. The company’s market cap at this point is at $67 billion.