|Bid||0.00 x 800|
|Ask||0.00 x 1100|
|Day's Range||173.14 - 176.43|
|52 Week Range||123.48 - 176.43|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||19.48|
|Earnings Date||Jul 18, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||3.28 (2.00%)|
|1y Target Est||180.47|
Honeywell International Inc NYSE:HONView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for HON with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting HON. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding HON are favorable, with net inflows of $11.24 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. HON credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
New agreement with SmartSky provides Honeywell customers with the best and most extensive inflight connectivity services PARIS , June 18, 2019 /PRNewswire/ -- Honeywell (NYSE: HON) has been selected as ...
(Bloomberg Opinion) -- United Technologies Corp. CEO Greg Hayes dropped the bombshell news of his company’s merger with missile-maker Raytheon Co. just days before the start of the Paris Air Show, thereby ensuring rivals would have to answer questions about the deal at the industry’s premier event. The deal will turn United Technologies into a $74 billion commercial aviation and defense powerhouse, with the kind of scale and negotiating leverage that was previously only enjoyed by Boeing Co. and Airbus SE. Management at General Electric Co. and Honeywell International Inc. don’t seem in any rush to respond in kind, and they aren’t so sure bigger is better. But the United Technologies-Raytheon merger is so big that it will be impossible for them to ignore it.“We’ve never really considered scale as a part of our strategy,” Tim Mahoney, CEO of Honeywell Aerospace, said in an interview at the Air Show on Monday. The company prioritizes differentiated products that are more than a “me-too” and believes that will ultimately give it an advantage with manufacturers and airlines, he said. GE’s David Joyce, who heads up the company’s aerospace business, echoed that thought in a Bloomberg TV interview: “That merger may have scale but we have the right technologies and engines to be competitive.”During a media briefing earlier in the day, Joyce touted the advantages of GE’s Leap engine over the rival geared turbofan from United Technologies’ Pratt & Whitney arm, including what he says is a $1.4 million advantage in residual value and 6% better utilization. After the merger, GE’s biggest jet engine rivals will continue to be Pratt & Whitney and Rolls-Royce Holdings Plc, and “I feel really good about our positioning relative to either of those competitors right now,” Joyce said. The “right now” part of that sentence seems key. No, GE isn’t gaining a new competitor, but it is going to see a very different one.United Technologies and Raytheon are targeting $8 billion in annual R&D spending. GE Aviation spent $1.5 billion on R&D in 2018, including contributions from customers, according to its annual filing. That would put the aviation unit’s R&D spending at about 5% of sales. At the media briefing, Joyce said GE Aviation spends about 8% of its sales on R&D, which is based on $2.4 billion in total “engineering” spend. Either way, it’s less than the nearly 11% of United Technologies-Raytheon’s combined sales that will be devoted to investing in new products. Honeywell doesn’t disclose R&D spending by division, but spent $1.8 billion on company-sponsored R&D across all its businesses in 2018, according to its 10K. That’s roughly 4.3 percent of its total sales last year.The dollar amount isn’t everything. As GE itself knows far too well from its experience going down the rabbit hole on its Predix software platform, it’s quite easy to spend a lot of money without anything to show for it. And United Technologies will admittedly be distracted while it integrates not only Raytheon, but the $30 billion acquisition of avionics maker Rockwell Collins Inc., which only just closed in November. Not to mention it’s also trying to break itself in three parts. The company’s wager on scale is still highly untested and despite all the speculation about the sweeping consolidation its dealmaking might inspire, we haven’t seen much of that. Of the eight aerospace and defense deals larger than $5 billion over the past decade, United Technologies (or Rockwell Collins) has been involved as a buyer in four of them; United Technologies also sold its Sikorsky helicopter unit to Lockheed Martin Corp. for $9 billion in 2015. The party of bigger is better is pretty much a party of one – again, for now.Joyce interestingly said that while the United Technologies-Raytheon tie-up doesn’t make him feel compelled to act, he “wouldn’t rule out anything” when it comes to a deal with a good value proposition, and that he talks to CEO Larry Culp on a regular basis. That echoes increasingly frequent comments made by Culp about going on offense. I do wonder whether GE is thinking more seriously about dealmaking – or if it just wants investors to think that it is. As for the much-debated possible combination of GE Aviation and Honeywell Aerospace, I don’t get the impression the latter is that interested. Honeywell views acquisitions as a way to extend the capabilities of its businesses, rather than double down on more of the same, Mahoney said. He gives the example of Honeywell’s purchase of fuel-efficiency software maker Aviaso in 2015 for an undisclosed amount. Mahoney said he wished Aviaso was a larger business, which suggests he’s not opposed to bigger takeovers but only if the technology is really compelling.So don’t hold your breath on that one. But could there be other deals? Check back at next year’s Air Show in Farnborough. To contact the author of this story: Brooke Sutherland at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or 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/opinion©2019 Bloomberg L.P.
Honeywell is bullish on the outlook for the aerospace business, which accounts for about 45% of its sales.
Danaher (DHR) stands to gain from solid product portfolio, acquisitive nature and shareholder-friendly policy. High costs and debts as well as forex woes remain concerning.
Garrett turbo technology contributes to TOYOTA GAZOO Racing's victory in world's most-celebrated vehicle endurance race LE MANS, France , June 16, 2019 /PRNewswire/ -- Garrett Motion Inc. (NYSE: GTX) , ...
Today we'll take a closer look at Honeywell International Inc. (NYSE:HON) from a dividend investor's perspective...
Project Bee was supposedly a "dead" deal for Charlotte about a month before a closed-session meeting with City Council last fall.
With all due respect to the analyst community, please stop handicapping General Electric (NYSE:GE) as if it's possible to know where the company will be a year from now. Likewise to investors, be wary of treating GE stock as if it reasonably compares to peers such as Honeywell International (NYSE:HON) or Danaher (NYSE:DHR).Source: Shutterstock GE is, more than anything else right now, an enigma… an idea. Choosing not to acknowledge it as such could prove frustrating.That's not intended as an insult to parties on either side of the capital-markets table, to be clear. The aforementioned pitfalls are easy to stumble into; I've stumbled into both traps more than once myself.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Quality Cheap Stocks to Buy With $10 But, as a guy who's been in the investing business for 20 years now (with the gray and thinning hair to prove it) I can say I've seen, heard, and done it all, most of it twice.That includes the current General Electric story and all of its nuances; same story, different name. And, the fact of the matter is, nobody has a clue General Electric is really going. They're all guessing. We're all guessing.There is one thing I am confident of though. That is, if GE stock can clear one key technical hurdle, all that rhetoric is going to turn bullish in a hurry, driving what could be a decent bullish swing trade that may well flag the long-awaited, bigger turnaround. A Closer Look at GEIt's not a reality too many in the financial media and investment-advice business care to concede, but sometimes, our best guesses still aren't all that good.It's a rarity, to be fair. People paid to pontificate tend to have a rather firm grip on things that are taking shape with the economy, the market and with individual companies.This isn't one of those times though. General Electric has thrown a lot of people for a loop.But, at least the professionals at this dance have to chime in with something on the company.Reality: The sale of General Electric's assets like its locomotive arm to WabTec (NYSE:WAB) and the rumored liquidation of its aviation finance arm are seemingly steps in the right direction. GE needs cash to shore up liquidity problems, and selling assets is the quickest way to raise liability-free cash. Bear in mind, however, the company is selling revenue-bearing and in many cases profit-driving assets.Some say there's more upside to paring itself down, but others are less convinced divestitures are the right move given the company's cash-flow challenges.Its Power arm is in trouble too. Let's not pretend like that's not at least partially the result of persistently tepid oil and gas prices though, admittedly underscored by a lack of product development.The former remains entirely out of the company's control, no matter how well General Electric regroups its power business from the inside.The biggest X factor of all though is the unknowable. Right now, there are simply an overwhelming number of unknowables muddling up a clear view of the company's fiscal strength.Perhaps more so than any other outfit seen in the modern market era, General Electric is a moving target… multiple moving targets, in fact. Nobody really knows what lies ahead, even if their thesis seem rock-solid and well-polished. Looking Ahead for GE StockThat's not to suggest GE stock has to be avoided. Indeed, General Electric has the potential to be very rewarding for the right kind of trader.The key is simply understanding that the chart of GE stock right now is driving opinions of the stock as much as it's being driven by them.To that end, we're all lucky in the sense that investors have collectively, unconsciously drawn their line in the sand. It's $10.48, where GE stock has peaked a couple of times since March.It's working on another test of that technical ceiling right now, but is starting that effort with the benefit of its first streak of higher lows since 2016.Notice GE shares have also crossed back above the 200-day moving average line, plotted in white, and this time seem a little more willing to stay here.Zooming out to the weekly chart we can see this week's strength presses against the line that's capped all the key highs going back to May of last year.Clearly there's more work to be done. But, if General Electric shares can move above its recent ceilings, it becomes much easier to justify buying.It also becomes much easier to justify upgrades; don't think for a minute analysts' handling of the turnaround story aren't being scrutinized more than they normally might for other names.Just wait and watch. The Final WordI'm all too aware that penning these kinds of ideas is maddening to a whole slew of people… professionals as well as amateurs. The notion that a chart can lead to opinion changes rather than the other way around is often dismissed. And, there was a point in time, years ago, when such an idea should have been dismissed.The market's changed though. Fundamentals don't matter nearly as much as stories do, assuming that fundamentals mean anything anymore. In the case of General Electric right now, they may not.Whatever the case, don't kid yourself about what GE stock is here. You're not making a bet on the company by buying it now, or after any cross above $10.48.You're making a bet on how the masses are going to feel about GE at some point in the foreseeable future. Indirectly, you're betting on how analysts are going to change their opinions when they absolutely have to.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post The Problem Is, GE Stock Is Just Unknowable Right Now appeared first on InvestorPlace.
ROLLE, Switzerland , June 13, 2019 /PRNewswire/ -- Garrett Motion Inc. (NYSE: GTX) today announced the appointment of Anthony Lodato as vice president and general manager, North America , effective June ...
ATLANTA, June 13, 2019 /PRNewswire/ -- Honeywell (NYSE: HON) today announced Honeywell Forge for Airlines, an advanced analytics-based platform for airlines that helps increase profit while improving efficiency and the overall passenger experience. Honeywell Forge for Airlines collects, cleans and analyzes streams of disparate data from a wide variety of airplane, airport, government and Honeywell sources, and offers actionable insights and alerts that can help improve an airline's understanding of its fleet, profitability and passenger experience.
Jaunt Air Mobility to manufacture effective air vehicles on the back of Honeywell's (HON) aircraft and manufacturing technologies.
Air taxis are expected to roll out within the next five years in big cities with traffic congestion issues. Engineers at Honeywell Aerospace's Phoenix facilities are working on multiple projects revolving around new flight technologies.
WASHINGTON, June 11, 2019 /PRNewswire/ -- Honeywell (HON) and Jaunt Air Mobility have signed a memorandum of understanding to define avionics, navigation, flight control, an electric propulsion system and connectivity solutions for Jaunt Air Mobility's planned electrical vertical takeoff and landing (eVTOL) aircraft. This will be Honeywell's third collaboration with an air taxi company, assisting Jaunt Air Mobility with technology that will allow its air vehicles to interact safely and efficiently and help the company address regulatory and business challenges of the Urban Air Mobility (UAM) segment.
(Bloomberg Opinion) -- No aerospace and defense company has bet bigger on the benefits of scale than United Technologies Corp. Its latest megadeal with Raytheon Co. should be a wake-up call to its rivals.United Technologies is merging with Raytheon in an all-stock transaction that will create a behemoth with about $75 billion in sales spanning jet engines, airplane seats, missile-defense systems and radar technologies. There have been only four aerospace and defense deals valued at more than $10 billion in the past decade, and United Technologies now accounts for three of them. As for the others, Boeing Co. spent more on publicly disclosed aerospace M&A over that period than either General Electric Co. or Honeywell International Inc., reflecting a push to bring more of its supply-chain in house. Both Honeywell and GE have their reasons for sitting out the M&A rush. After former Honeywell CEO Dave Cote made a failed attempt at merging with United Technologies in 2016, his successor Darius Adamczyk has preferred to focus on streamlining his company and making small, strategic software bets. And while new GE CEO Larry Culp has talked a lot recently about eventually playing “offense” via M&A, the company’s power unit remains mired in a slump and off-balance sheet liabilities still loom large.GE’s challenges were just starting to come to light when United Technologies CEO Greg Hayes made a $30 billion play for Rockwell Collins Inc. in 2017. Some speculated the sidelining of GE as a counterbidder was one reason he decided to jump on the opportunity. Nearly two years later, GE is still nowhere near healthy enough to contemplate a credible competing offer for Raytheon. But the consolidating landscape may prompt both it and Honeywell to think more aggressively about dealmaking. United Technologies is still in the process of integrating the Rockwell Collins purchase, which closed late last year. Management is apt to be distracted as it juggles that process, the Raytheon deal and a plan to spin off its Carrier building-controls and Otis elevator units. There may be an opportunity in the short-term for the company's rivals to pick up market share. Honeywell’s Adamczyk has made the argument that scale doesn’t matter nearly as much as the quality of the product and has said he feels comfortable with how his company has differentiated itself. There’s some validity to that. I myself have been skeptical of the ultimate value of scale at a time when Boeing is pushing for constant cost cuts and encroaching on its suppliers’ territory with its own parts and services offerings.But pressure will grow on small and mid-range aerospace suppliers to merge to stay relevant. And the sheer breadth of the United Technologies-Raytheon-Rockwell Collins business will make it difficult for even the biggest companies to simply stand pat.For one, United Technologies now has all the right pieces to become a clear leader in the race to develop connected aircraft. The Rockwell Collins deal gave it expertise in avionics, essentially the brains of the airplane. Raytheon will give it cyber-security expertise, helping to solve one of the key concerns airlines have about digitizing parts of their planes. Honeywell has made its own impressive inroads into the digital realm via its GoDirect software services, crowd-sourced radar and wireless connectivity tools, but it will now have to contend with much fiercer competition. Boeing, too, had been hoping for a piece of the burgeoning connected-aircraft market. Stifel Financial Corp. analyst Joseph DeNardi said he had long seen the company as a possible acquirer of Raytheon. But the cash-flow drain precipitated by the grounding of the company’s 737 Max jet makes large-scale M&A untenable right now and the ensuing crisis has raised questions about whether Boeing should even be allowed to further tighten its grip on the aerospace market.The deal some investors still dream about is a combination of Honeywell and GE’s aviation units. Culp’s repeated talk of eventually playing offense has made me wonder if he’s thinking more seriously about a transaction of that magnitude. Even combined, the companies would still trail the sales volume of a merged United Technologies-Raytheon, but it would go a long way toward catching them up. There are also plenty of reasons to think a Honeywell-GE aerospace merger wouldn’t happen. It would be enormously complicated, particularly when it comes to determining an appropriate valuation for a GE aviation unit for which the company’s own investors have wildly different estimations.Honeywell’s Adamczyk has already successfully resisted calls from activist investor Dan Loeb to carve out the aerospace unit into a separate entity, although arguably his software investments could go a lot further if applied to a more focused company. An alternative may be for Honeywell or GE to copy United Technologies’ playbook and increase their exposure to the defense industry. The union of Raytheon and United Technologies has called attention to the dearth of commercial exposure at Northrop Grumman Corp. and Lockheed Martin Corp., says Bloomberg Intelligence analyst Douglas Rothacker.Any further consolidation in the aerospace and defense sector may be predicated on antitrust regulators’ view of the United Technologies-Raytheon combination. The companies say they have very little overlap and are promising to share half of their targeted $1 billion in cost savings with their U.S. government customers. But President Donald Trump expressed some concern about the merger to CNBC on Monday, questioning whether it may dampen competition for military projects. (1)Either way, United Technologies CEO Hayes’s willingness to pursue such a dramatic rethink of his company has already radically changed the game for aerospace and defense companies. His rivals will likely have to change as well to keep pace.(1) Of note: The$20 billion mergerHarris Corp. announced last year with fellow defense contractor L3 Technologies Inc. is also still awaiting regulatory signoff, although that's expected to come soon.To contact the author of this story: Brooke Sutherland at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or 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/opinion©2019 Bloomberg L.P.
Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 12.1% in 2019 (through May 30th). Conversely, hedge […]
News of a merger between Raytheon (NYSE:RTN) and United Technologies (NYSE:UTX) (UTC) initially sent both stocks higher in Monday trading, though UTX has since pulled back. The deal will combine a defense business and an industrial conglomerate with a foothold in both the defense and commercial aircraft industries. While this deal brings changes to holders of both Raytheon stock and UTX stock, the combined entity should bring more focus while increasing the size of the new company's customer base.Source: FlickrUnder terms of the deal, UTC will merge its Collins Aerospace and Pratt & Whitney aircraft engine businesses with Raytheon Company. Analysts expect this new company, which they will call Raytheon Technologies, to have a value of about $121 billion. It will also become the aerospace industry's second-largest company, lagging only Boeing (NYSE:BA) in size.They expect to begin with about a 50-50 split between commercial and defense-related sales. However, as defense growth slows, the commercial side could grow larger over time.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A "Merger of Equals" Defines the New Raytheon StockBoth companies consider it a "merger of equals," as it will include no takeover premium. UTX stockholders will own 57% of the company and appoint eight of the 15 directors. Holders of Raytheon stock will receive 2.3348 shares in the new company for every share currently owned. UTC CEO Greg Hayes will become CEO of the company. Current Raytheon CEO Tom Kennedy will take the role of executive chairman for two years. * 7 Stocks to Buy As They Hit 52-Week Lows Wall Street predicts the deal will close sometime in 2020. UTX will also have to spin off its non-aerospace businesses. As part of the deal, it will sell the Otis Elevator Company. It also will unload its UTC Climate, Controls, & Security subsidiary. This division owns HVAC manufacturer Carrier and Kidde, who makes smoke alarms and carbon monoxide detectors. Deal Bolsters the Case for RTN StockI see this as a win for investors. With the merger, Raytheon stock will benefit from having an outlet outside of the defense industry with which it can apply some of its technology. For now, analysts predict earnings increase for RTN stock of 14.7% this year. As increases in defense spending continue to slow, this gives Raytheon an outlet for growth not dependent on government largesse.Holders of UTX stock will also benefit. Wall Street predicts only 4.9% profit growth for United Technologies this year. However, in the previous quarter, UTX stock saw its largest revenue increases in the divisions it will retain. Hence, spinning off low-growth segments such as Otis and Carrier should lead to greater revenue increases.Also, the two firms have little overlap in terms of business lines. UTC produces engines and parts for aircraft. Raytheon focuses on missiles. Hence, most analysts believe the deal will gain the approval of antitrust regulators.Moreover, this offers investors a defense-related alternative to Boeing. Thanks to this deal, investors now have another diversified aerospace company from which to choose. Analysts see no signs Raytheon Technologies will suffer from the sort of trouble Boeing has, with its 737 MAX issues.Further, it represents a further move away from industrial conglomerates. This helps reassure current holders of UTX stock that they will not become a mishmash of unrelated businesses like the GE (NYSE:GE) of past decades. It will also help the company keep up with Honeywell (NYSE:HON), which has also increased its focus. These benefits should help bolster the RTN stock price. Concluding Thoughts on the MergerThe new Raytheon stock will offer investors the best of both Raytheon and United Technologies, increasing the focus while broadening the customer base. With the merger, Raytheon gains two divisions as well as a foothold in the commercial side of the business. Holders of UTX stock get a more focused aircraft and aerospace company. They will also benefit from not owning a stock held back by lower-performing, unrelated divisions.Both stocks moved higher after the companies announced the deal. This march should likely continue as the new Raytheon more directly challenges Boeing in both defense and commercial aerospace.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post Merger Boosts the Long-Term Fortunes of the New Raytheon Stock appeared first on InvestorPlace.
– Partnership allows DENSO opportunity to bring world-class automotive technology, design and development capabilities at a mass scale into Urban Air Mobility space- SOUTHFIELD, Mich. , June 10, 2019 /PRNewswire/ ...
Yahoo Finance's Adam Shapiro, Julie Hyman, and Brian Cheung join Hennion & Walsh Asset Management President & Chief Investment Officer Kevin Mahn and Fort Pitt Capital Group Portfolio Specialist Carter Henderson to discuss.