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Why Honeywell Stock Is Up Today

TheMotleyFool 
0 0 29.04.25
Why Honeywell Stock Is Up Today: https://g.foolcdn.com/editorial/images/816480/honeywell-intelligrated-robotics-source-hon.jpg
 

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

€206.00
1.300%
There is an upward development for Honeywell International compared to yesterday, with an increase of €2.65 (1.300%).
With 25 Buy predictions and not a single Sell prediction Honeywell International is an absolute favorite of our community.
As a result the target price of 232 € shows a slightly positive potential of 12.62% compared to the current price of 206.0 € for Honeywell International.
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