|Bid||183.01 x 900|
|Ask||182.97 x 1200|
|Day's Range||182.53 - 184.06|
|52 Week Range||138.70 - 184.06|
|Beta (5Y Monthly)||1.13|
|PE Ratio (TTM)||21.40|
|Earnings Date||Jan 30, 2020|
|Forward Dividend & Yield||3.60 (1.98%)|
|Ex-Dividend Date||Nov 12, 2019|
|1y Target Est||188.05|
Fastenal warned of weakness into the first half of 2020. Investors should pay attention to the industrial distributors results. They know industrial markets have been weak, but were waiting for a pickup in activity in the new year.
Honeywell (NYSE: HON) will issue its fourth quarter financial results and 2020 outlook before the opening of The New York Stock Exchange on Friday, January 31. The company will also hold a conference call at 8:30 a.m. EST.
Honeywell (NYSE: HON) has been awarded a contract by Lockheed Martin to support production of NASA's Orion spacecraft fleet for the upcoming Artemis missions, which will bring humans back to the moon for the first time since 1972. The contract to supply key components of the Orion crew module and service module will be managed and performed out of Honeywell's facility in Clearwater, Florida. Work will also be conducted at the company's facilities in Glendale, Arizona, and Puerto Rico.
(Bloomberg Opinion) -- There’s no clearer sign we’ve reached peak breakup in industrials than a pure-play transportation and logistics company blaming a “conglomerate discount” for its decision to consider cleaving itself into smaller pieces.XPO Logistics Inc. confirmed late Wednesday that it was exploring strategic alternatives including the possible sale or spinoff of one or more of its units. The review could see businesses that generate as much as 75% of XPO’s revenue jettisoned, with the European, North American and Asia-Pacific supply-chain operations and its European and North American transportation arms all potentially on the block, people familiar with the matter told Bloomberg News. That would leave XPO with its North American short-haul trucking business. XPO CEO Brad Jacobs told Bloomberg TV he’s exploring breakup options because the company is suffering from a “conglomerate discount” and “Wall Street understands pure plays.”Those are in-vogue words right now for industrial CEOs after an unprecedented wave of breakups. But the majority of those splits involved businesses that had little or only tenuous connections to each other – think the separation of Ingersoll-Rand Plc’s golf cart, tools and pumps business from its HVAC division, or United Technologies Corp.’s breakup of its aviation, climate and elevator businesses. Even controversial breakups such as Honeywell International Inc.’s spinoff of its Resideo Technologies Inc. thermostat and Garrett Motion Inc. turbochargers businesses, or Fortive Corp.’s plan to carve out its legacy industrial products, involved divisions that clearly didn’t fit. XPO is splitting the hairs much more finely. According to its most recent annual filing, the company gets 65% of its revenue from transportation and 35% from logistics.All the same, the market clearly does love this move. The stock climbed more than 10% on the news, with some of that likely reflecting a squeeze on short sellers who have a 13.1% interest in shares outstanding, according to Markit. Citigroup Inc. analyst Christian Wetherbee estimated a breakup could add as much as $66 a share to XPO’s equity value. And that’s likely appealing for investors looking for a story to bet on amid generally elevated valuations elsewhere in industrial stocks. But it’s hard not to view this breakup plan as a waving of the white flag for a company that was built via consolidation but has struggled of late to get deals done. XPO hasn’t announced a major acquisition since 2015, despite Jacobs’s exclamation in 2017 that he was ready to spend up to $8 billion. Last year, XPO said it would pivot away from M&A and plow billions into share buybacks instead. That helped drive XPO shares to a 40% gain in 2019, despite a recession in freight markets.With its debt levels rising and little in the way of real earnings growth, keeping the party going presented a challenge. Jacobs laid out a plan in August to add as much as $1 billion of profit by 2022 via cost cuts and new business. Bloomberg Intelligence analyst Lee Klaskow, who noted at the time that such a push carried significant execution risk, says the breakup may be a sign that XPO had already squeezed all it could from the business as far as operating improvements and technology investments.The point of all of XPO’s M&A activity was to wring costs out of the combined operations and gain more negotiating clout with suppliers. Jacobs told Bloomberg TV that XPO’s combination of businesses had helped it add more than $2 billion of revenue organically. “We actually will lose some bargaining power as smaller companies with vendors because we won’t have the global procurement capability,” Jacobs said. But he thinks smaller, more agile businesses will be more appealing to both customers and shareholders.When a CEO is talking out of two sides of his mouth, it sure sounds like financial engineering.To contact the author of this story: Brooke Sutherland at firstname.lastname@example.orgTo contact the editor responsible for this story: Beth Williams at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Garrett Motion Inc. (NYSE: GTX) today filed the complaint in its lawsuit, initiated on Dec. 2, 2019, against Honeywell International Inc. (NYSE: HON), related entities and certain affiliated individuals in the Supreme Court of the State of New York.
The IoT market is expected to be worth trillions of dollars by 2020-end and there will be nearly 20 billion IoT devices. Investing in companies with well-defined IoT business seems judicious.
Analyst Nicole DeBlase has a Hold rating on General Electric (ticker: GE) shares, but she put a “short term” Buy rating on the stock Monday, saying earnings figures to be released at the end of the month—and a call with management for analysts and investors—will trigger gains. GE shares ended the day at $12.14 on Jan. 6, the highest closing level in a year. “We see the potential for GE to deliver a beat in [fourth quarter] and 2020 guidance,” wrote DeBlase in a Monday research report.
Honeywell (HON) teams up with CounterPath to develop Smart Talk and improve workers collaboration in several places including hospitals, stores and distribution centers.
Delta Air Lines CEO Ed Bastian’s address at the Consumer Electronics Show was all about his plans for high-tech innovation. Lots of other companies could gain if Delta succeeds.
Construction is underway on a 21-story, 381-room J.W. Marriott hotel — the first of its kind in Charlotte — at the corner of Stonewall and College streets. “Occupancies are at high levels so I think we have some room to grow.” The CRVA’s $127 million expansion of the Charlotte Convention Center, combined with a growing hotel inventory, will be a catalyst for landing large-scale events and conferences. “Other cities want these successes as well, and we have to continue to invest in our infrastructure.” There’s also demand driven by corporate commitments to the market, such as Honeywell International Inc. (NYSE: HON) and Truist Financial Corp. (NYSE: TFC).
Today we'll take a closer look at Honeywell International Inc. (NYSE:HON) from a dividend investor's perspective...
United Technologies' (UTX) HUD VR device offers high flexibility and efficacy to FAA experts that are required for performing research in advanced vision systems on HUDs.
General Electric is making major changes after a brutal couple of years. Here is what the fundamentals and technical analysis say about buying GE stock now.
3M's (MMM) advanced-ballistic protection business divestment will enable it to concentrate on other businesses in Advanced Materials Division.
Strong commercial aftermarket business, and solid demand for Honeywell's (HON) commercial fire and building management products are likely to drive its revenues.
I picked nine stocks in 2019, and came away with an average absolute return of 22%. It’s the end of the year, so it’s time to review.
Honeywell is the owner of the former LCP Chemical facility in Brunswick, Ga., which, over time, comprised a number of industrial operations to include an oil refinery, a power plant, and a chlor-alkali facility.
This first-of-its-kind process in aerospace will increase transparency and simplify supply-chain operations in an industry where developing countermeasures is critical.
Bank of America and Honeywell are, respectively, presenting partner and associate partner for a Charlotte regional economic development forum in Paris next month.
A Relative Strength Rating upgrade for Honeywell International shows improving technical performance. Will it continue?