Sweet Outlook for Honeywell in 2012

Honeywell (NYSE:HON) gave out details of its outlook for 2012 and is scheduled to discuss it this morning at an investor conference call and webcast.

Revenues are expected to grow 4-7% over 2011 sales to $37.8-38.9 billion. Earnings per share is likely to be $4.25-4.50, up 6-12% over the previous year. Free cash flow is estimated at $3.5 billion, more or less the same as 2011.

The company also confirmed its 2011 fiscal guidance maintaining sales at $36.5 billion, up 13% over 2010, and EPS of $4.03 up 34% on 2010. Free cash flow would be about $3.5 billion.

Upbeat about the 2011 performance, Honeywell Chairman and CEO Dave Cote said, “Honeywell’s 2011 performance significantly adds to our performance track record and highlights the strength of our portfolio, robust new product pipeline, and expansion in high-growth regions.”

On a more somber note he said that the company was planning for a more challenging macro environment in 2012, though the company’s “portfolio mix and continued margin expansion will deliver strong earnings growth and free cash flow conversion in 2012.”

Here’s how top industrial stocks are trading on the news:

Honeywell International Inc. (NYSE:HON): HON shares recently traded at $52.34, up $0.79, or 1.53%. They have traded in a 52-week range of $41.22 to $62.28. Volume today was 605,055 shares versus a 3-month average volume of 5,158,450 shares. The company’s trailing P/E is 15.13, while trailing earnings are $3.46 per share. Get the most recent company news and stock data here >>

General Electric Co. (NYSE:GE): GE shares recently traded at $16.78, up $0.17, or 1.02%. They have traded in a 52-week range of $14.02 to $21.65. Volume today was 6,671,864 shares versus a 3-month average volume of 69,127,700 shares. The company’s trailing P/E is 12.84, while trailing earnings are $1.31 per share. Get the most recent company news and stock data here >>

Caterpillar Inc. (NYSE:CAT): CAT shares recently traded at $87.90, up $0.9, or 1.03%. They have traded in a 52-week range of $67.54 to $116.55. Volume today was 1,097,775 shares versus a 3-month average volume of 10,000,300 shares. The company’s trailing P/E is 13.43, while trailing earnings are $6.54 per share. Get the most recent company news and stock data here >>

United Technologies Corp. (NYSE:UTX): UTX shares recently traded at $73.88, up $0.71, or 0.97%. They have traded in a 52-week range of $66.87 to $91.83. Volume today was 406,674 shares versus a 3-month average volume of 5,145,640 shares. The company’s trailing P/E is 13.86, while trailing earnings are $5.33 per share. Get the most recent company news and stock data here >>

Goodrich Corp. (NYSE:GR): GR shares recently traded at $122.79, down $0.01, or 0.01%. They have traded in a 52-week range of $79.71 to $123.54. Volume today was 100,842 shares versus a 3-month average volume of 3,836,100 shares. The company’s trailing P/E is 21.79, while trailing earnings are $5.64 per share. Get the most recent company news and stock data here >>

Boeing Co. (NYSE:BA): BA shares recently traded at $70.42, up $0.48, or 0.69%. They have traded in a 52-week range of $56.01 to $80.65. Volume today was 464,684 shares versus a 3-month average volume of 6,001,250 shares. The company’s trailing P/E is 13.93, while trailing earnings are $5.05 per share. Get the most recent company news and stock data here >>