Honeywell Appears To Have A Lot To Offer
Stephen Simpson, CFA
Stephen Simpson, CFA
Sat, Jul. 23, 1:08 PM
- 7-Eleven and drone delivery service upstart Flirtey announce that they have completed the first fully autonomous drone delivery to a customer's residence. The pair says the development will help advance research toward integrating drones into the National Airspace System.
- The drone delivery in the Reno area, which marked the first time a U.S. customer has received a package to their home via drone, included Slurpee drinks, a chicken sandwich, donuts, hot coffee, and candy.
- Looking ahead, the two companies have plans to expand drone delivery tests and work closely together, according to a top 7-Eleven exec.
- Drone watch: While there's some speculation on the ways that companies such as Amazon (NASDAQ:AMZN), Wal-Mart (NYSE:WMT), Walgreens Boots Alliance (NASDAQ:WBA), and Domino's Pizza (NYSE:DPZ) could use drone delivery, many industry watchers think emergency conditions (flood/forest fire/earthquake/medical) or niche situations (oil rigs/barrier islands/inaccessible roads) are the most likely scenarios for widespread drone action. Earlier this year, an article in the MIT Technology Review speculated that an intermediary dropping off point out such as the local Starbucks (NASDAQ:SBUX) store could be utilized instead of working out all the problems of home delivery.
- Related (directly and tangentially) stocks: AMBA, AVAV, DJI, OTCQX:DRNE, HON, INVN, IXYS, GPRO, TRMB, FDX, UPS, TGT.
Fri, Jul. 22, 8:21 AM
- Net income of $1.28B, or $1.66 per share vs. $1.19B, or $1.51 per share, in the same quarter a year ago.
- Sales by segment: Aerospace -1%; Automation and Control Solutions +9%; Performance Materials -3%.
- Operating income margin improved by 80 bps to 18.4%.
- Repurchased approximately $500M of shares during the quarter, bringing the company's YTD total to $1.6B.
- Realigned its Automation And Control Solutions business group into two new segments: Home and Building Technologies and Safety and Productivity Solutions.
- The company now expects annual sales of $40B-$40.6B, down from its previous guidance for sales of $40.3B-$40.9B. It also increased the low end of its EPS guidance for the year by $0.05, now expecting between $6.60 to $6.70.
- HON -2.2% premarket
- Q2 results
Fri, Jul. 22, 6:40 AM
Thu, Jul. 21, 5:30 PM
Tue, Jul. 12, 7:07 PM
- Honeywell (NYSE:HON) and Airbus (OTCPK:EADSF, OTCPK:EADSY) have agreed to develop an integrated system to keep jetliners from running off the ends of runways during landings, with an announcement possibly coming as soon as tomorrow, WSJ reports.
- Such a system would meet impending European safety rules to combat runway overruns while effectively circumventing opposition by Boeing (NYSE:BA) and the U.S. FAA to joint U.S.-European standards or mandatory regulations, according to the report.
- Airbus has said runway overruns are to blame for about one-third of all airliner accidents worldwide.
Tue, Jul. 12, 12:30 PM| Tue, Jul. 12, 12:30 PM | 12 Comments
Thu, Jul. 7, 3:18 PM
- The unnamed "smartest man" is one who analyst Scott Davis believes is "the most thoughtful industrial investor."
- Citing high and rising dividend yields, good cash flow, solid balance sheets, ability to hold/expand margins with cost cuts, this investor thinks industrials (NYSEARCA:XLI) like GE and Honeywell (NYSE:HON) could be part of a modern day "nifty fifty."
- This attitude is particularly noteworthy given Davis' last report from the "smartest man" had him selling GE to buy high-beta names.
Thu, Jul. 7, 7:23 AM
Fri, Jul. 1, 10:00 AM
- Honeywell (HON +0.8%) confirms that it agreed to acquire distribution systems and logistics company Intelligrated for $1.5B from a company backed by the Permira funds.
- "Intelligrated's leading supply chain automation solutions are a fantastic complement to Honeywell's portfolio of industry-leading workflow performance solutions including cloud-connected mobile worker applications, high-performance data collection hardware, and other technologies to improve worker productivity," HON says.
- HON estimates Intelligrated's 2016 sales will total ~$900M.
Fri, Jul. 1, 8:37 AM
Tue, Jun. 28, 4:59 PM
- Honeywell (NYSE:HON) selects President and COO Darius Adamczyk to succeed Dave Cote as CEO on March 31, 2017.
- Cote, who reportedly has been considering retirement after spending 14 years as HON's Chairman and CEO, will continue as Executive Chairman until the annual shareholder meeting in April 2018.
- Adamczyk was promoted just three months ago to the President/COO role; he joined HON in 2008 and became President and CEO of Honeywell Performance Materials and Technologies in 2014.
Mon, Jun. 27, 11:16 AM
- The outperformance of low-P/E stocks that marked H1 is behind us, says RBC's Jonathan Golub, and it's time for the "Stable Growers" to re-asset leadership. He cautions about putting money to work too quickly though, noting the pullback so far has been limited.
- His list of Stable Growers (page 1, page 2): CHD, CL, CVS, K, MO, PEP, PG, PM, BCR, BDX, DGX, DVA, HSIC, JNJ, LH, MDT, SYK, TMO, UNH, ZBH, AFL, AON, MMC, TMK, CTAS, DHR, HON, ITW, LMT, MMM, NLSN, RSG, RTN, UPS, VRSK, WM, XYL, CMCSA, MCD, OMC, ADP, APH, EMC, MA, T, VZ, ECL, PX
Tue, Jun. 21, 12:47 PM
- The Department of Transportation and the Federal Aviation Administration have issued final rules covering the use of drones in the U.S. Key points are that drones must weigh less than 55 pounds and remain within a pilot's line of sight. A maximum groundspeed of 100 mph is allowed and pilots are instructed not to fly under a covered structure. Other snippets are listed below.
- "Under the final rule, the person actually flying a drone must be at least 16 years old and have a remote pilot certificate with a small UAS rating, or be directly supervised by someone with such a certificate."
- "The TSA will conduct a security background check of all remote pilot applications prior to issuance of a certificate."
- "The FAA also will educate all commercial drone pilots on privacy during their pilot certification process; and will issue new guidance to local and state governments on drone privacy issues."
- Related (directly and tangentially) stocks: AMBA, AVAV, DJI, OTCQX:DRNE, DPZ, HON, INVN, IXYS, GPRO, TRMB, FDX, UPS, AMZN.
Mon, Jun. 20, 3:25 AM
- The FAA could unveil its first rules permitting commercial drones as early as this week, but the move is likely to spark broader demands for loosening restrictions on unmanned aircraft.
- In recent days, agency officials have said the announcement - allowing drones weighing roughly 50 pounds to fly at low altitudes only in daylight and within sight of operators - is imminent.
- Related stocks: AMBA, AVAV, DJI, OTCQX:DRNE, DPZ, HON, INVN, IXYS, GPRO, TRMB
Tue, Jun. 14, 10:45 AM
- Q2 "on track,'"sees "strong June."
- M&A pipeline ranges from below $250M-$10B.
- Plans to spin off Resins and Chemicals business to shareholders by early 2017.
- Integrating eight acquisitions - all on track, ahead of plan.
- Orders, backlog stabilizing for UOP unit.
- Will continue opportunistic share repurchases.
Mon, Jun. 13, 6:27 PM
- Honeywell (NYSE:HON) is a Best of Bernstein stock pick, which the firm says is exposed to at least three growth drivers that are set to begin boosting organic growth meaningfully above peer averages in 2017: high growth region expansion, high-ROI capex projects in Performance Metals and Technology, and ramping production of civilian aerospace growth platforms in aerospace.
- Bernstein says high growth regions now represent ~25% of HON's revenue but should drive 60%-70% of total growth through 2018 after growing at a ~12% compound annual growth rate over the past decade and tripling in revenue; the firm finds plenty of fast growth opportunities to support HON’s belief that it can reach at least high single digit and potentially again into double digit growth through 2018.
- Separately, CEO David Cote says HON would not rule out bidding for another major aerospace supplier, among other possible acquisition target, after merger talks collapsed in March with United Technologies.
Honeywell International, Inc. is a diversified technology and manufacturing company, which manufactures aerospace products, control technologies, power generation systems, specialty chemicals, fibers, plastics and electronic materials. The company provides a variety of services to its customers... More
Sector: Industrial Goods
Industry: Aerospace/Defense Products & Services
Country: United States
Other News & PR