|Bid||145.23 x 1000|
|Ask||149.97 x 1400|
|Day's Range||148.55 - 150.11|
|52 Week Range||131.42 - 165.13|
|PE Ratio (TTM)||65.25|
|Earnings Date||Jul 20, 2018|
|Forward Dividend & Yield||2.98 (1.98%)|
|1y Target Est||172.12|
SAN ANTONIO, June 18, 2018 /PRNewswire/ -- Emerging Connected Plant technologies were the highlight today when Honeywell (HON) kicked off its largest annual gathering of industrial customers, with a focus on showing manufacturers how digital transformation can help them achieve new levels of consistently high performance. The ability of Honeywell Connected Plant's offerings to deliver higher levels of safety, reliability, efficiency and profitability will continue to be the primary discussion point at the 43rd Honeywell Users Group (HUG) Americas symposium, which runs through Friday. More than 1,300 delegates from across the oil and gas, chemical, pulp and paper, and metals and mining sectors are attending the event, which features numerous displays of the newest technologies along with dozens of Honeywell- and customer-led sessions and technical discussions.
- More Than 1,300 Attendees at Honeywell Users Group Americas - New Technologies Showcase How Honeywell Connected Plant Can Achieve Higher Levels of Plant - and People - Performance SAN ANTONIO , June ...
Honeywell (HON) continued its progress on its earlier announced spin-offs. The spin-off could add more value to investors, as it will be an independent company. During that time, Cliff Garrett, an entrepreneur and an engineer, led the team to develop a turbocharger for the Caterpillar (CAT) D9 crawler tractor, which was launched in 1954.
As of June 14, Honeywell (HON) stock had fallen 1.4% this year, underperforming the S&P 500 (SPY), which had gained 4.1%. Peers General Electric (GE), 3M (MMM), and United Technologies (UTX) also underperformed the index, falling 21.8%, 13.5%, and 0.5%, respectively.
Previously, we saw analysts’ recommendations for Honeywell (HON). As of May 31, Honeywell’s short interest had increased by five basis points sequentially, from 0.92% to 0.97%, while its stock price had risen from $147.35 to $147.91. The increase in HON’s short interest reflects a negligible rise in bearishness toward the stock. However, its short interest as a percentage of outstanding shares is still under 1%, and it was 1.3% at the beginning of this year, indicating bearishness toward the stock has declined in that time.
“This is not the right approach,” said Tom Donohue, Chamber of Commerce president. “Risking a potential trade war is the wrong way to fix these problems,” the roundtable warned, even as it said it shared the administration’s concerns about China’s “discriminatory trade practices”.
Honeywell’s (HON) debt, which has been rising for the past five years, doubled between 2013 and 2017. At the end of Q1 2018, HON’s debt stood at $18.3 billion. Debt here includes long-term debt and maturities, and commercial papers and other short-term borrowings.
In the past five years, Honeywell’s (HON) FCF (free cash flow) has grown significantly. HON’s business growth, backed by its aerospace and UOP1 businesses and strong backlog, has enabled HON to generate higher FCF. HON’s FCF grew from $3.4 billion in 2013 to $4.9 billion in 2017.
Honeywell appears to be gearing up for more deals. The Morris Plains, N.J.-based industrial conglomerate sees significant opportunity to shift more of its portfolio into software and is "not backing down" from its target of 20% growth in the software business, Dallara said. When asked if there was an acquisitive element to this growth strategy, Dallara responded, "Absolutely ... we like bolt-ons," echoing Chief Executive Officer Darius Adamczyk's earlier statements about M&A.
On Wednesday the Federal Reserve cranked up the nation’s interest rates, as was widely expected. Namely, the Fed rate hike of a quarter of a point pushed the target for its benchmark up to a range between 1.75% and 2.0%, marking the seventh such increase since the global economy came out of the 2008 sub-prime-prodded meltdown. The addition of “sustained expansion” to the narrative hinted at the FOMC’s positive view of the economy, but the removal of the statement “for some time” when describing how long the Fed would accommodate it was interpreted as hawkishness.
Honeywell UOP's Oleflex™ technology addresses supply gap for one of the key ingredients of plastics DES PLAINES, Ill. , June 14, 2018 /PRNewswire/ -- Honeywell (NYSE: HON) announced today that Shandong ...
MORRIS PLAINS, N.J., June 14, 2018 /PRNewswire/ -- Honeywell (HON) today announced that its Transportation Systems business will rebrand itself "Garrett - Advancing Motion" upon successful completion of the previously announced spin which is expected to close before the end of the third quarter. At that time, entrepreneur and engineer Cliff Garrett led a project team to develop a turbocharger for a Caterpillar D9 crawler tractor that launched in 1954, marking the beginning of the turbocharged era for the automotive industry. Since then, Transportation Systems technologies and innovations have been used by nearly every major global auto maker, resulting in approximately 100 million vehicles with our products and an average launch rate of 100 new applications annually spanning, gas, diesel, natural gas, electric and fuel cell powertrains.
MORRIS PLAINS, N.J. , June 13, 2018 /PRNewswire/ -- Honeywell ( NYSE: HON ) will issue its second quarter financial results before the opening of The New York Stock Exchange on Friday, July 20 . The company ...
A deeper decline could unfold in the next few weeks with prices testing the $140 area or lower." Looking over a chart today we can see that in April and May HON tested the $140 area. In this daily bar chart of HON, below, we can see that after two tests of the $140 level HON has firmed up above the rising 200-day moving average line and the now rising 50-day line. Many technical analysts consider the golden cross a late but a bullish signal that can be successful in trending markets.
- Honeywell BW Connect™ brings connectivity to hundreds of thousands of BW multi-gas detectors already in service - Enables location monitoring, alarm notifications and alerts for improved safety, emergency ...
Honeywell (HON) introduces Honeywell Vector Space Sense that allows building operations team to take better-informed decisions on real estate and space usage.
Honeywell Educators at Space Academy promotes STEM-focused education for middle school teachers at the U.S. Space & Rocket Center MORRIS PLAINS, N.J. , June 12, 2018 /PRNewswire/ -- Honeywell (NYSE: HON ...
On Friday, General Electric Company (NYSE:GE) declared a 12 cent per share quarterly dividend. Long-time holders likely think back to last year, when GE stock was paying out twice that amount. In November, General Electric cut its annual dividend from 96 cents per share to just 48 cents per share.
PHOENIX, June 12, 2018 /PRNewswire/ -- Honeywell (HON) is joining forces with the world's largest flight tracking data company, FlightAware, to bring a new level of advanced flight tracking support to operations control centers and business jet owners. This partnership will provide customers of Honeywell's GoDirect® Flight Services with access to more real-time information — including aircraft speed, altitude, position and estimated time of arrival — at no additional cost so they can plan the safest and most efficient route available.
IoT-enabled Honeywell Vector Space Sense connects organizations to actionable insights for better-informed space decisions ATLANTA , June 12, 2018 /PRNewswire/ -- Honeywell ( NYSE: HON ), a global leader ...
Dave Cote, who bought 100 companies and sold 70 while running Honeywell International Inc., says he knows what it takes to find the right acquisition. Now Goldman Sachs Group Inc. is tapping Cote’s experience from a decade and a half as Honeywell’s chief executive officer for a new partnership aimed at cobbling together an industrial operation from scratch. The special acquisition company raised about $600 million in a June 8 initial public offering, and Cote is eyeing deals that will probably range from $1 billion to as much as $5 billion.
The latest move is a small one relative to the total revenue at stake, but it continues an increasingly dangerous cat-and-mouse game between the company and its suppliers. Investors beware.
Quarterly company forecasts will happen with or without Buffett and Dimon, says former Honeywell CEO Larry Bossidy.
Dozens of major American companies are preparing to pull out of Iran as the Trump administration closes a narrow legal window that has allowed firms to operate there without violating U.S. sanctions. The companies using the exemption include big conglomerates like Honeywell International Inc., Dover Corp. and General Electric Co. and insurers like Chubb Ltd., many of which sought to profit from growth in the Iranian energy industry. Some of the companies have already booked millions of dollars in revenue from their Iranian business, underscoring the high commercial stakes of the Trump administration’s decision to revive economy-crippling sanctions against Iran.