Market Update: Honeywell International Inc (NYSE:HON) – Honeywell Completes Acquisition Of COM DEV International’s Space Hardware And Systems Business

[PR Newswire] – PHOENIX, Feb. 4, 2016 /PRNewswire/ — Honeywell (HON) announced that it has completed the acquisition of Ontario, Canada-based COM DEV International (CDV.TO), a leading satellite and space components provider of switches and multiplexers. “COM DEV extends Honeywell’s connectivity push with proven satellite component technologies and access to international customers that align with our current space portfolio and growth strategies,” said Tim Mahoney, president of Honeywell Aerospace. COM DEV will be part of the company’s Defense and Space business and will drive continued growth across Honeywell’s connectivity initiatives, benefiting the company’s military, civilian and commercial aviation customers. Read more on this. Honeywell International Inc. (HON) , currently valued at $79.09B, started the session at $101.69. Looking at today’s market, HON one day range is $101.62 to $103.72 with the price of the stock fluctuating between $87.00 to $107.41 over the last 52 weeks. HON shares are currently priced at 15.50x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 13.81x forward p/e ratio. And for income investors, the company pays shareholders $2.38 per share annually in dividends, yielding 2.31%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.49 per share, which would be $0.08 better than the year-ago quarter and a $0.05 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $6.59, which would be a $0.49 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.35 Billion. If reported, that would be a 1.52% 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 $115.05, which is 13.14% above than it opened this morning. See more in (NYSE:HON) Similar Articles: Stock Update: Honeywell International Inc (NYSE:HON) – Federal Aviation Administration Approves Honeywell’s Hardware For Inmarsat Global Xpress In-Flight Wireless Network Market Update: Honeywell International Inc (NYSE:HON) – Honeywell Completes Acquisition of Research Chemicals Business from Sigma-Aldrich Market Update: Honeywell International Inc (NYSE:HON) – Honeywell To Acquire COM DEV International’s Satellite Equipment Business
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