Honeywell International, Inc. (HON) - NYSE
  • Fri, Feb. 12, 9:52 AM
    • Honeywell (NYSE:HON) declares $0.595/share quarterly dividend, in line with previous.
    • Forward yield 2.33%
    • Payable March 10; for shareholders of record Feb. 25; ex-div Feb. 23.
    | Fri, Feb. 12, 9:52 AM
  • Thu, Feb. 11, 9:58 AM
    • Honeywell (HON -0.7%) has signed an agreement with the DARPA to provide a virtual reality instrument panel that replaces glass windows on Army vehicles, providing drivers with an enhanced, clearer 360-degree view.
    • The first phase of the virtual windows development began in July 2015 and will continue through June 2016.
    | Thu, Feb. 11, 9:58 AM | 2 Comments
  • Thu, Feb. 4, 6:26 PM
    • Honeywell (NYSE:HON) agrees to acquire smoke detection and video security company Xtralis for $480M.
    • Ireland-based Xtralis would be part of HON's Security and Fire unit, which is part of the Automation and Control Solutions division that accounts for about a third of HON's annual sales.
    | Thu, Feb. 4, 6:26 PM | 2 Comments
  • Fri, Jan. 29, 7:36 AM
    • Earnings excluding pension adjustments increased to $1.58 per share from $1.43 in the same quarter a year ago. Sales, hurt by lower demand for oil-and-gas equipment and services, fell 2.8% to $9.98B.
    • Q4 profit by segment: Aerospace +29%; Automation and Control Solutions flat; Performance Materials +9%.
    • Q4 sales by segment: Aerospace +4%; Automation and Control Solutions -3%; Performance Materials -12%.
    • "We are planning conservatively in 2016 as we are expecting another year of slow global economic growth," said CEO Dave Cote. "But, we remain confident in Honeywell's ability to outperform."
    • The company reaffirmed it 2016 earnings forecast of $6.45-$6.70 per share on sales of $39.9B-$40.9B.
    • Q4 results
    | Fri, Jan. 29, 7:36 AM
  • Fri, Jan. 29, 6:32 AM
    • Honeywell (NYSE:HON): Q4 EPS of $1.58 in-line.
    • Revenue of $9.98B (-2.8% Y/Y) in-line.
    | Fri, Jan. 29, 6:32 AM | 2 Comments
  • Thu, Jan. 28, 5:30 PM
  • Thu, Jan. 21, 9:47 AM
    • Honeywell Aerospace's (HON) JetWave wireless in-flight connectivity system has received FAA approval for the Boeing 757.
    • "The ability to connect with others is not a luxury anymore; it's an expectation of both passengers and pilots alike," said Jack Jacobs, vice president of Safety and Connectivity.
    • The certification was achieved following more than 180 flight hours and multiple tests.
    | Thu, Jan. 21, 9:47 AM
  • Thu, Jan. 21, 9:02 AM
    • General Electric (NYSE:GE) +0.9% premarket after being initiated with a Buy rating and a $36 price target.
    • 3M (NYSE:MMM) +1.5% premarket after getting started with a Buy rating and a $166 PT.
    • A Buy rating was also placed on Honeywell (NYSE:HON), with a $122 price target.
    | Thu, Jan. 21, 9:02 AM | 6 Comments
  • Wed, Jan. 6, 2:54 PM
    • United Technologies (UTX -3.2%) is downgraded to Neutral from Buy with a $100 price target by Sterne Agee CRT, which sees shares stuck in another tight trading range based on 14x-16x 2016-17 estimates over the next nine-plus months given limited operating income growth offset by aggressive buybacks.
    • While buybacks support the downside in UTX stock, the upside is limited as only one of the company's four segments has operating income growth in 2016, the firm says.
    • Sterne sees better risk/reward for investors over the next 12 months through Honeywell (HON -1.7%), which it calls a margin expansion story that offers confidence in achieving a premium multiple to the industrial group.
    | Wed, Jan. 6, 2:54 PM | 3 Comments
  • Wed, Jan. 6, 8:34 AM
    • Honeywell (NYSE:HON) agrees to acquire the remaining 30% stake it does not already own in UOP Russell, which develops technology and manufactures modular equipment to process natural gas, for ~$240M.
    • In 2012, HON acquired a 70% stake in the Thomas Russell Co. to form UOP Russell, which became part of Honeywell UOP; the parties agreed at the time to a mechanism for HON to acquire the remaining stake within three years of closing.
    • Honeywell UOP has supplied equipment and pretreatment technology to more than 350 gas processing projects representing more than 20T cf/year of natural gas production and nearly 40% of global liquefied natural gas production.
    | Wed, Jan. 6, 8:34 AM | 1 Comment
  • Dec. 30, 2015, 2:45 AM
    | Dec. 30, 2015, 2:45 AM | 27 Comments
  • Dec. 29, 2015, 7:54 AM
    • Melrose (OTC:MLSPY) has completed the £3.3B sale of its Elster Group to Honeywell (NYSE:HON), returning £2.4B of the capital to its shareholders.
    • Melrose remains "optimistic" it will identify a suitable new acquisition in due course, Chairman Christopher Miller declared.
    • The sale of Elster leaves the company with only Brush, an electricity generation firm, as its only remaining asset.
    • Previously: Honeywell expects Elster purchase to close next week (Dec. 22 2015)
    | Dec. 29, 2015, 7:54 AM
  • Dec. 22, 2015, 3:15 PM
    • Investors in industrial stocks should favor "safe havens” such as General Electric (GE +0.5%), Roper Technologies (ROP +1.2%), Honeywell (HON +1.6%), Ametek (AME +0.7%), Danaher (DHR +0.4%) and Xylem (XYL +0.9%) - "self-help stories with capital allocation/M&A catalysts, margin strength, pockets of end market positives, and low/manageable oil exposures" - RBC analysts say.
    • Valuations look stretched in these safe havens, but the investment strategy at the outset of a rate hike cycle should always be to "inch up the quality curve” and start playing a bit more defensively, RBC says, adding that it sees incremental risk to oil-exposed stocks such as Underperform-rated Flowserve (FLS +1.2%) and SPX Flow (FLOW +2%).
    | Dec. 22, 2015, 3:15 PM | 17 Comments
  • Dec. 22, 2015, 7:20 AM
    • All necessary regulatory approvals have been received for Honeywell's (NYSE:HON) acquisition of the Elster Division of Melrose Industries (OTC:MLSPY), and the company anticipates to close the transaction on December 29, 2015.
    • Elster is a provider of thermal gas solutions, utility smart meters, software and data analytics solutions.
    • Previously: EU clears Honeywell's Elster acquisition subject to conditions (Dec. 21 2015)
    | Dec. 22, 2015, 7:20 AM
  • Dec. 21, 2015, 10:42 AM
    • European Union antitrust regulators have approved Honeywell's (HON +1.6%) $5.1B purchase of Elster Group, subject to the company divesting its gas metering business.
    • Selling all its shares in a plant manufacturing gas meters located in Germany would completely eliminate the overlap between Honeywell's and Elster's activities, the Commission said in a statement.
    | Dec. 21, 2015, 10:42 AM
  • Dec. 17, 2015, 11:00 AM
    • "Next year looks like another slow growth environment...I'm sticking to being conservative, slow growth, and that's just the way to plan the company."
    • "We're going to support growth wherever we could find it...but we're going to be cautious on sales, and at the same time do a lot of seed planting (investing in geographies, products etc.)"
    • "When it comes to acquisitions...we have $25B-$30B of capacity...so we have a lot of room."
    • "One thing that still frustrates me is that our P/E multiple is lower than many of our peers."
    • Link to interview
    • Previously: Honeywell picks up 5.7% as investors cheer updated guidance (Dec. 16 2015)
    | Dec. 17, 2015, 11:00 AM | 2 Comments
Company Description
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
Industry: Aerospace/Defense Products & Services
Country: United States