Honeywell International (NYSE:HON) Swings to Profit in Fiscal Fourth Quarter on Fewer Pension Costs – HON, BWA, JCI, GE, TEX, MTW, PHM, JOY, HOV

The Morristown, New Jersey based Honeywell International Inc (NYSE:HON) swung to profit in the fiscal Q4 as the company booked fewer pension costs and observed higher sales.

The diversified technology and manufacturing company has reported that it will concentrate on lifting its margins to maintain profit expansion as weaker economic growth has slowed its revenue gains.

The maker of aerospace, building control and safety products reported a profit of $251 million or 32 cents per share, evaluated against a loss of $310 million or 40 cents per share in previous year.

Thomson Reuter’s analyst’s survey most recently estimates EPS of $1.09 on $9.51 billion of revenue.

Its competitors include BorgWarner Inc (NYSE:BWA) that increased +0.60% to $76.99 with the total traded volume of 213,992.00 shares and Johnson Controls, Inc (NYSE:JCI) that dropped -0.26% to $30.80 with the total traded volume of 741,935.00 shares.

Other Industrial Goods stocks with bullish trend include General Electric Company (NYSE:GE) up +0.82% to $22.24, Terex Corporation (NYSE:TEX) up +7.03% to $30.43 and Manitowoc Company, Inc (NYSE:MTW) up +2.95% to $17.44, whereas with bearish trend include PulteGroup, Inc (NYSE:PHM) down -0.05% to $20.95, Joy Global Inc (NYSE:JOY) down -3.26% to $63.79 and Hovnanian Enterprises, Inc (NYSE:HOV) down -0.32% to $6.26.

Honeywell International Inc (NYSE:HON) stock in current session held volume of 1.53 million shares as compare to its average volume of 3.57 million shares. The stock after opening at $69.16 hit high price of $69.25 and then trading at $68.17 by scoring -0.10%.

As the revenue measures HON generated revenue of 37.56 billion in the following twelve months income of $2.37 billion. The Company showed a positive 6.31% in the net profit margin and in addition to in its operating margin which remained 7.75%. Company’s annual sales growth for the past five year was 3.09%.

The stock showed weekly upbeat performance of +2.26% which was maintained for the month at +6.28%. Likewise the positive performance for the quarter was recorded as +9.96% and for the year was +21.57% while the YTD performance remained at +7.52%.

The HON past twelve months price to sales ratio was 1.42 and price to cash ratio remained 9.77. As far as the returns are concern, the HON return on equity was recorded as 19.08% and increased 8.65% return on investment while its return on asset stayed at 5.88%.

 

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