Seeking Alpha

Honeywell International, Inc. (HON)

  • Thu, Feb. 19, 10:52 AM
    • At the Barclays Capital Industrial Select Conference today, Honeywell (HON +0.2%) backed its view of ~4% organic sales growth of in 2015, up 1-2% Y/Y at $40.5B-$41.1B.
    • The company also affirmed its EPS forecast of $5.95-$6.15, with free cash flow of $4.2-$4.3B.
    • Honeywell shares have climbed almost 13% in the last 52 weeks.
    • Presentation
    | Thu, Feb. 19, 10:52 AM | 1 Comment
  • Mon, Feb. 16, 2:47 AM
    • The Federal Aviation Administration has proposed rules for commercial drone flights that would lift some restrictions but would still bar activities such as the delivery of packages and inspection of pipelines and crops.
    • The guidelines would require unmanned aircraft pilots to obtain special pilot certificates, fly only during the day and below 500 feet. Pilots must also remain in the line of sight of their radio-control drone, which could limit commercial inspections and ground Amazon's (NASDAQ:AMZN) "Prime Air" program.
    • The draft rules still must undergo public comment and revision before becoming final.
    • Commercial drone-related stocks: AMBA, DPZ, HON, INVN, IXYS, GPRO, TRMB
    | Mon, Feb. 16, 2:47 AM | 47 Comments
  • Thu, Feb. 12, 2:07 PM
    | Thu, Feb. 12, 2:07 PM | Comment!
  • Fri, Jan. 23, 7:59 AM
    • Net income of $956M vs $947M in the same quarter a year ago. Earnings, adjusted for non-recurring costs, were $1.43 per share.
    • Q4 profit by segment: Aerospace -14%; Automation and Control Solutions +8%; Performance Materials +6%.
    • "In Q4, Honeywell delivered 4% organic sales growth and achieved 15% EPS growth (excluding the pension mark-to-market adjustment), exceeding the high end of our guidance range and capping off another year of terrific performance in 2014," said Honeywell CEO Dave Cote.
    • The company reaffirmed its 2015 forecast: Organic sales growth of ~4%, up 1-2% Y/Y at $40.5B-$41.1B. 2015 EPS is expected to be between $5.95-$6.15, with free cash flow of $4.2-$4.3B.
    • HON +1.5% premarket
    • Q4 results
    | Fri, Jan. 23, 7:59 AM | Comment!
  • Fri, Jan. 23, 7:01 AM
    • Honeywell (NYSE:HON): Q4 EPS of $1.43 beats by $0.01.
    • Revenue of $10.26B (-1.3% Y/Y) beats by $50M.
    • Press Release
    | Fri, Jan. 23, 7:01 AM | Comment!
  • Thu, Jan. 22, 5:30 PM
  • Thu, Jan. 8, 10:15 AM
    • Honeywell (HON +1.5%) will report Q4 and full-year results on Jan. 23. The conference call is scheduled to begin at 9:30 a.m. EST.
    • Consensus view is EPS of $1.42 on revenues of $10.2B.
    | Thu, Jan. 8, 10:15 AM | Comment!
  • Mon, Jan. 5, 8:43 AM
    • Honeywell (NYSE:HON) HomMed is changing its corporate name to Honeywell Life Care Solutions to reflect the company's broader healthcare commitment and its objective of shaping the future of health management through digital solutions.
    | Mon, Jan. 5, 8:43 AM | Comment!
  • Dec. 15, 2014, 7:33 AM
    • Honeywell (NYSE:HON) has lowered its Q4 sales forecast to $10.1B-10.2B from $10.3-10.4B, but reaffirmed its $1.37-$1.42 EPS estimate for the quarter.
    • FY14 sales are expected to be in a range of $40.1-$40.2B, down from previous guidance of $40.3B-$40.4B. FY14 EPS is still anticipated to be in a range of $5.50-$5.55.
    • The company forecasts 2015 organic sales growth of ~4%, up 1-2% Y/Y at $40.5B-$41.1B. 2015 EPS is expected to be between $5.95-$6.15, with free cash flow of $4.2-$4.3B.
    • 2015 Outlook Conference Call at 9:00 a.m. ET
    • HON +0.4% premarket
    | Dec. 15, 2014, 7:33 AM | Comment!
  • Dec. 1, 2014, 5:49 PM
    • General Electric (NYSE:GE) was the day's biggest loser among the Dow 30, as J.P. Morgan analysts Stephen Tusa and Rajat Gupta include GE among among industrial companies confronted with big risks through their exposure to oil drilling.
    • "The game has changed," the analysts say in now seeing a spread in EPS growth between those that have material exposure to energy and those that do not to a range of ~800 bps; regarding GE, JPM drops oil/gas growth to -2% from +5% and power/water growth to zero from +3% on the back of distributed power weakness, which it pegs at mid-single digit declines for two years, along with the onset of a decline in gas turbines.
    • The firm also downgrades Dover (NYSE:DOV) to Underweight, reaffirms its Underweight on Rockwell Automation (NYSE:ROK), and continues to avoid Emerson Electric (NYSE:EMR), SPX Corp. (NYSE:SPW) and GE; it still likes a few with oil/gas exposure, such as Pentair (NYSE:PNR) given ongoing execution/margin potential, and Honeywell (NYSE:HON), given less direct impact and a strong balance sheet story.
    | Dec. 1, 2014, 5:49 PM | 26 Comments
  • Nov. 13, 2014, 10:13 AM
    • Honeywell (HON +0.7%) Aerospace has been selected as the production aircraft engine supplier for Textron's (TXT +0.7%) AirLand Scorpion.
    • The TFE731-40AR-3S engine was previously chosen for the development stage of the program and has now been selected for the aircraft's production phase.
    | Nov. 13, 2014, 10:13 AM | Comment!
  • Nov. 10, 2014, 7:41 AM
    • Honeywell (NYSE:HON) Process Solutions will upgrade controls at two refineries run by Tupras (OTC:TUPRY) as part of a five-year service, maintenance and support contract aimed at improving operations and reducing maintenance costs.
    • The contract will improve plant performance while reducing maintenance costs for the refineries' Honeywell control systems by 15-20%.
    | Nov. 10, 2014, 7:41 AM | Comment!
  • Nov. 4, 2014, 7:13 AM
    • U.S. District Judge Ann Montgomery says Honeywell (NYSE:HON) could begin penalizing workers who refuse to take medical or biometric tests, and denied the Equal Employment Opportunity Commission's request for a temporary restraining order to block the program.
    • Employees who decline to take the tests could be fined up to $4K in surcharges and increased health costs.
    • Previously: EEOC sues Honeywell over new health screening policy
    | Nov. 4, 2014, 7:13 AM | Comment!
  • Oct. 31, 2014, 9:16 AM
    • Honeywell's (NYSE:HON) Board of Directors has approved a 15% increase in the company's regular annual cash dividend rate (from $1.80 to $2.07 per common share).
    • The increased regular quarterly dividend will be effective starting with the fourth quarter dividend, which was declared today and is payable on December 10, 2014.
    • HON +1.4% premarket
    | Oct. 31, 2014, 9:16 AM | Comment!
  • Oct. 31, 2014, 9:03 AM
    • Honeywell (NYSE:HON) bumps of its annual dividend by 15% to $2.07, representing an annual yield of 2.16%.
    • The quarterly dividend is payable on Dec. 10, to stock holders on record of Nov. 20
    • Shares +1.4% PM.
    | Oct. 31, 2014, 9:03 AM | Comment!
  • Oct. 29, 2014, 10:42 AM
    • The Equal Employment Opportunity Commission is suing Honeywell (HON +0.1%) over a health care policy that requires employees and their spouses to take medical tests or face monetary penalties.
    • The lawsuit is seeking a temporary injunction to stop the biometric testing, which can identify smoking, diabetes, high blood pressure, obesity and other health problems.
    • The EEOC claims Honeywell's new health screening policy violates the Americans with Disabilities Act and the Genetic Information Nondiscrimination Act, although the company says the screening and wellness program "are in strict compliance with both HIPAA and the Affordable Care Act's guidelines."
    | Oct. 29, 2014, 10:42 AM | Comment!
Company Description
Honeywell International Inc is a technology & manufacturing company, serving customers with aerospace products & services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, chemicals.