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Wednesday, April 7, 2010 as of 11:14 AM ET

David Cote

David Cote

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Honeywell Shares Gains On Outlook

Shares of Honeywell International were one of the top S&P 500 gainers early Friday, rising 3.

6% to $60.05. Honeywell raised its 2012 profit outlook and topped Wall Street's profit and sales view for the first quarter. Honeywell said its U.S. business is off to a solid start to the year, especially in its commercial aerospace unit. Profit margins rose in three of the company's four divisions. "We've seen good momentum in the U.S. and our key high growth regions, which is more than offsetting softness in Europe," CEO David Cote said in a statement. Since Jan. 1, Honeywell shares are up 10.6%, matching the gain for the S&P 500.Copyright © 2012 MarketWatch, Inc....

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