Honeywell (HON) matched fourth-quarter earnings targets and guided in line for 2007.

The Morris Township, N.J., industrial conglomerate made $585 million, or 72 cents a share, for the quarter ended Dec. 31, up from $514 million, or 61 cents a share, in the year-ago period. Sales rose to $8.28 billion from $7.28 billion a year ago.

Analysts were looking for a 72-cent profit on sales of $8.13 billion.

For 2007, the company expects to make $2.85 to $2.95 a share on sales of $33 billion. Analysts were looking for $2.93 on $32.65 billion.

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