Honeywell International Inc on Wednesday set a target of increasing overall company sales to more than $50 billion by 2018 as it spends $10 billion on acquisitions and continues to expand profit margins.Honeywell, the U.S. diversified manufacturer of aerospace parts and climate control and security systems, also said it expects earnings to grow at a double-digit pace in percentage terms over the next five years.Honeywell, which reported $39.1 billion in sales in 2013, unveiled the new five-year targets ahead of its investor conference in New York.Honeywell said it wanted to spend $10 billion on acquisitions that would add about $5 billion to $8 billion in sales over the next five years. Excluding deals, it still expects sales to increase by $7 billion to $12 billion by 2018.
Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Shares of HON traded higher by 1.08% or $1.01/share to $94.60. In the past year, the shares have traded as low as $70.80 and as high as $95.58. On average, 2824180 shares of HON exchange hands on a given day and today's volume is recorded at 3903351.
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