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Honeywell International, Inc. (HON)

  • Jul. 21, 2013, 3:02 AM
    Investigators are looking at whether damaged wiring connected to the emergency locator transmitter of an Ethiopian Airlines Boeing (BA) 787 sparked a short circuit and caused a fire on the aircraft at London's Heathrow Airport earlier this month. The FAA is instructing Dreamliner operators to inspect the wiring, although that's short of a recommendation from the U.K. regulator to remove the beacon, which is made by Honeywell (HON).
  • Jul. 19, 2013, 7:22 AM
    More on Honeywell (HON) Q2: net profit +13.2% to $1.02B; Honeywell saw "good organic growth" in Automation & Control Solutions' Energy, Safety & Security business, and in Turbo Technologies, "both of which continue to outgrow the key end markets in which they compete." Honeywell's long-cycle businesses, including Commercial Aerospace, Process Solutions, and UOP, "also continue to perform well, benefiting from favorable macro-trends." Backlog $15.5B. Raises low end of 2013 EPS and revenue guidance. Now expects EPS of $4.854.95 vs consensus of $4.95 and revenues of $38.9-39.3B vs $39.11B. Shares +0.6%. (PR)
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  • Jul. 19, 2013, 7:02 AM
    Honeywell (HON): Q2 EPS of $1.28 beats by $0.07. Revenue of $9.7B (+3% Y/Y) in-line. (PR)
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  • Jul. 19, 2013, 12:05 AM
    Notable earnings before Friday’s open: BHI, COL, FHN, FNFG, GE, HON, IPG, IR, KSU, LH, MAN, SLB, STI, STT, VFC, WHR
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  • Jul. 18, 2013, 5:30 PM
    Notable earnings before Friday’s open: BHI, COL, FHN, FNFG, GE, HON, IPG, IR, KSU, LH, MAN, SLB, STI, STT, VFC, WHR
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  • Jul. 18, 2013, 11:20 AM
    Shares of Honeywell (HON +0.6%) are all over the board after the UK Air Accidents Investigation Branch says its emergency locator beacons should be deactivated in Boeing's (BA) Dreamliner. The comments follow an investigation that ties the device to a fire at Heathrow Airport. The agency added that the FAA should also review use of lithium ELTs in other models. HON said yesterday that it would remove the bea  cons if requested.
  • Jul. 17, 2013, 5:12 PM
    "It’s too early to say if the aircraft could be grounded,” a spokesman for the European Aviation Safety Agency says, referring of course to last week's fire aboard a Boeing (BA) 787 at Heathrow airport. According to one unnamed official at a 787 customer who spoke to Bloomberg, BA has indicated it doesn't expect the jet to be grounded. Meanwhile, WSJ (also citing an anonymous source) says U.K. regulators may recommend the removal of Honeywell's (HON) locator transmitter as a precaution.
  • Jul. 15, 2013, 2:51 PM
    The Honeywell (HON -0.1%) part under scrutiny in the investigation of a 787 fire at Heathrow airport last week is an emergency locator transmitter which uses a lithium manganese battery, sources tell Reuters.
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  • Jul. 15, 2013, 1:54 PM
    Shares of Honeywell (HON -0.5%) fall into negative territory on talk its parts are being investigated in last week's 787 fire. The company says it is too early to speculate on the cause of the blaze. (CNBC)
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  • Jul. 11, 2013, 9:50 AM
    Honeywell (HON), Lockheed Martin (LMT) and Rockwell Collins (ROK) are reportedly among the strategic bidders that have made it to the second round of the auction for Carlyle (CG) portfolio company Arinc. Carlyle hopes to fetch $1.3-1.5B for the aerospace communications firm, which has also attracted offers from P-E firms such as Blackstone (BX). Carlyle is spending more time courting the industrial companies on the theory that they'll offer more money than the P-E funds.
  • Jun. 26, 2013, 2:54 PM
    Honeywell (HON +2.4%) moves up today after reporting earlier that it's been contracted by PNBV, a subsidiary of Petrobras (PBR), to supply UOP Separex membrane systems to process natural gas aboard four Floating Production, Storage and Offloading vessels. The company will also will provide ongoing offshore technical support and staff training for the project, which is expected to start up throughout 2016 and 2017.
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  • Jun. 4, 2013, 12:20 PM
    United Airlines (UAL) commits to buy at least 15M gallons of cleaner-burning renewable jet fuel from a Los Angeles-based refinery, marking a potentially major breakthrough in the commercial aviation industry’s quest to cut carbon dioxide emissions. United is planning to use the biofuel on flights out of its L.A. hub, with supplies coming from AltAir Fuels via a retrofitted petroleum refinery, beginning next year.
  • May 17, 2013, 1:07 PM
    BofA took a trip to Phoenix, paid Honeywell's (HON +2%) Aerospace facilities a visit, and came away impressed after management said it believes "air transport hours bottomed in Q1" meaning demand should accelerate going forward "driving mid single digit aftermarket growth" in H2. Aerospace sales fell 1% in Q1. HON price target raised to $88 from $79.
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  • Apr. 23, 2013, 10:08 AM
    Honeywell (HON) +0.3%) says it's buying RAE Systems, a privately held gas and radiation detections systems maker, for $340M. HON says the purchase price translates to around 13x RAE Systems' estimated 2013 earnings before EBITDA. The deal is expected to close in Q213 and it won't have a material impact on HON's FY13 full-year guidance.
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  • Apr. 22, 2013, 6:11 PM
    Honeywell International Inc. (HON) declares $0.41/share quarterly dividend, in line with previous. Forward yield 2.20%. For shareholders of record May 20. Payable June 10. Ex-div date May 16. (PR)
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  • Apr. 19, 2013, 7:58 AM
    More on Honeywell's (HONQ1 results: Aerospace sales fell 1% Y/Y, automation and control systems flat, performance materials and technologies up 6%, transportation down 4%. Issues FY 2013 guidance: Raises EPS to $4.80-$4.95 from $4.75-$4.95 vs. $4.94 consensus, lowers revenues to $38.8B-$39.3B from $39B-$39.5B vs. $39.38B consensus. Shares +1% premarket.
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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.