Honeywell Reaffirms 2013 Earnings Guidance (HON)

Honeywell Reaffirms 2013 Earnings Guidance (HON)


Ahead of a meeting with investors on Wednesday, diversified manufacturer Honeywell International Inc. (HON) reaffirmed its earnings guidance for 2013.

The Morristown, New Jersey-based company expects its 2013 profit to rise between 6% and 11%; it looks for earnings to be between $4.75 and $4.95 per share.

Sales for the year are expected to rise 4% to 5% in a range between $39 billion and $39.5 billion.

On average, analysts are projecting Honeywell’s full-year earnings to be $4.94 per share with sales of $39.36 billion.

Honeywell shares were up 50 cents, or +0.71%, during Wednesday morning trading. The stock is up +23.26% over the past twelve months.

The Bottom Line
Shares of Honeywell (HON) have a dividend yield of 2.32% based on Wednesday’s intraday trading price of $70.80 and the company’s annualized dividend payout of $1.64 per share.

Honeywell International Inc. (HON) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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