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Why Honeywell Stock Is Up Today


Honeywell International (NASDAQ: HON) reported first-quarter earnings that topped expectations and the company raised its full-year profit forecast. Investors were pleased, sending Honeywell shares up 5% as of 10:30 am ET.

Honeywell, an industrial conglomerate focused on aerospace, automation, and energy, earned $2.51 per share in the first quarter on revenue of $9.8 billion, topping Wall Street's expectation for $2.21 per share in earnings on sales of $9.6 billion. Earnings were up 7% year over year, while revenue was up 8% including acquisitions.

The company's backlog grew by 8%, led by strength in its building automation and energy units.

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Source Fool.com

Honeywell International Stock

€194.14
1.630%
Honeywell International gained 1.630% today.
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
With a target price of 232 € there is a slightly positive potential of 19.5% for Honeywell International compared to the current price of 194.14 €.
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