Mar. 6, 2015, 5:34 PM
- Honeywell (NYSE:HON) has more cash than nearly all of its peers and may be warming to big acquisitions, as its head of M&A says the company could tally $10B in acquisitions by the end of 2018, possibly in “one shot.”
- HON typically has hesitated from making big deals, but with the balance sheet containing a record $9.1B cash, "they've got to do something,” says RBC analyst Deane Dray.
- That's got Bloomberg speculating on potential targets; Woodward (NASDAQ:WWD) could make sense because it would mesh well with HON’s aerospace offerings, with other possibilities including Brady Corp. (NYSE:BRC), Motorola Solutions (NYSE:MSI) and Japan's Yokogawa Electric (OTCPK:YOKEF).
- HON made just one purchase of size last year - a $185M acquisition of Datamax-O’Neil - and Roger Fradin, appointed to head up a push for M&A, said at the company’s investor day Wednesday that he was frustrated at the pace of acquisitions.
Dec. 28, 2012, 8:37 AM
Woodward (WWD) acquires GE's hydraulic thrust reverser actuation systems business for $200M; the products are used primarily on commercial aircraft such as the Boeing 737, 747 and 777, and Airbus A320. WWD expects the addition to be slightly accretive to FY 2013 earnings.| Dec. 28, 2012, 8:37 AM | 1 Comment