UPDATE 1-Honeywell sees 2011 sales up about 5 percent

* Looks for divisional profit growth of 10 pct or more

* Sees $350 mln-$400 mln in 2011 pension costs

BOSTON, Oct 22 (BestGrowthStock) – Honeywell International Inc
(HON.N: ) expects sales to rise 5 percent or more next year, with
profit at its four divisions rising 10 percent or more, top
executives told investors on Friday.

“It’s reasonable to anticipate approximately 5 percent-plus
recorded top line sales growth for Honeywell in 2011 over the
expected 2010 sales of $33 billion,” Chief Financial Officer
Dave Anderson told analysts on a conference call. “Currency, of
course, foreign exchange will obviously be an influence here
and would impact the year-over-year. We also have a path we
believe to double-digit segment profit growth for 2011.”

That is roughly in line with Wall Street forecasts.
Analysts, on average, expect 2011 revenue of $35.3 billion,
which would represent growth of 7.6 percent, according to
Thomson Reuters I/B/E/S.

Wall Street expects 2011 earnings per share of $3.03,
excluding one-time items.

Honeywell on Friday reported better-than-expected
third-quarter profit (Read more your timing to make a profit.). Net earnings were down, reflecting the
company’s aggressive approach to pension accounting.

It expects pension funding to weigh on next year’s net
earnings by $350 million to $400 million, Anderson said.
(Reporting by Scott Malone; editing by John Wallace)

UPDATE 1-Honeywell sees 2011 sales up about 5 percent