|Bid||52.96 x 1400|
|Ask||60.99 x 800|
|Day's Range||59.91 - 60.39|
|52 Week Range||45.98 - 62.18|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.28|
|Expense Ratio (net)||0.60%|
First-quarter earnings growth is likely to be negative this year, but revenues will grow. So, play revenue growth with these sector ETFs.
Analyzing Honeywell's First-Quarter DividendHoneywell’s fourth-quarter dividendIn a press release on February 7, Honeywell (HON) announced the key dates for its first-quarter dividend. To be eligible for the dividend, investors must hold
Honeywell Declares a Quarterly Dividend of $0.82 in Q1 2019Honeywell declares its first-quarter dividend Today, Honeywell (HON) declared a regular cash dividend for the first quarter of 2019. HON also announced the key dates for its dividend. To be
Honeywell Rises on Its Q4 Earnings Beat and Better 2019 OutlookHoneywell beats analysts’ fourth-quarter earnings estimateHoneywell International (HON) announced its fourth-quarter earnings results before the market opened on February 1, 2019. It
Honeywell's Q4 Earnings: What Can Investors Expect?(Continued from Prior Part)Honeywell’s Q4 revenue expectationsAnalysts expect Honeywell (HON) to report revenues of $9.70 billion in the fourth quarter, which represents a decline of 10.5%
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
Key Updates from the Industrial Sector Last Week ## Honeywell in collaboration with Optoro On January 10, 2019, Honeywell (HON) announced that it plans to collaborate with Optoro. As a part of this collaboration, Honeywell’s Mobility Edge mobile computers will use Optoro’s cloud-based data-driven solution to help retailers better manage returned purchases and excess inventory. Optoro’s proprietary algorithms help to determine how to dispose of a returned item to get maximum value. HON didn’t disclose the financial aspects of this collaboration. The latest data from the National Retail Federation suggests that returns from consumers have been growing every year, and retailers estimate that more than 10% of their annual sales are returned. Peter Howes, Honeywell’s president for Productivity Products business, said, “Reverse logistics is becoming a complex challenge for retailers as they need to move returned goods within the supply chain as quickly as possible to reduce bottom-line impact. With Optoro running on our Mobility Edge Platform devices, retailers can quickly connect returns with best available opportunities to turn the products into revenue.” ## Stock price movement Honeywell stock gained 2.0% and closed at $137.36 for the week ending January 11, 2019. The gains helped HON to narrow its 100-day moving average gap. The stock traded 6.7% below the 100-day moving average price of $147.19. Honeywell underperformed the Invesco Aerospace & Defense ETF (PPA), which gained 3.8%. PPA invests 7.0% of its portfolio in Honeywell. So far in 2019, Honeywell has gained 5.0%. United Technologies (UTX), Textron (TXT), and Boeing (BA) have risen 4.4%, 5.2%, and 11.5%, respectively. The company’s 14-day RSI (relative strength index) is at 53, which indicates that the stock isn’t overbought or oversold. An RSI of 70 and above shows that a stock has temporarily moved into the “overbought” position, while an RSI of 30 and below indicates that a stock has temporarily moved into the “oversold” position. Continue to Next Part Browse this series on Market Realist: * Part 2 - Deere Gets Six Agricultural Innovation Awards * Part 3 - Cummins Announces CFO Change
The mistletoe might be ideal for the kissing, but without aerospace and defense exchange-traded funds (ETFs) in your portfolio, it might be profits that you're missing. Aerospace and defense ETFs can provide investors with sustainable performance gains as meeting the defense needs of the federal government is a non-cyclical affair. In September, the Senate approved a wide-ranging, $854 billion bill that includes a $675 billion allocation towards the Defense Department, accounting for almost 80% of the total bill.
On November 30, Honeywell (HON) announced that it will relocate its global corporate headquarters to Charlotte, North Carolina. It also announced that its Safety and Productivity Solutions business segment’s headquarters will also be moved from Fortmill in South Carolina to Charlotte as well. Darius Adamczyk, chair and CEO, said, “Today’s announcement reflects our commitment to locate our corporate headquarters close to our large centers in Charlotte alongside Safety and Productivity Solutions, and Atlanta, where our Honeywell Building Technologies and Honeywell Connected Enterprise businesses are located.
Democrats gained control of the House of Representatives in the recent midterm elections, but aerospace and defense stocks and exchange traded funds did not seem to mind. The iShares U.S. Aerospace & Defense ETF (ITA), PowerShares Aerospace & Defense Portfolio (PPA) and the SPDR S&P Aerospace & Defense ETF (XAR) have been one of the steadiest “Trump trades,” but those funds also posted solid gains following the midterm election results. “Our bull case envisions bipartisanship and an avoidance of gridlock, which creates funding certainty for defense names, but our bear case anticipates budget chaos and sequestration for fiscal 2020,” said Morningstar in a recent note.
United Technologies announced on Nov 23 that it has received approval from China's competition supervisor to acquire Rockwell Collins, putting aerospace and defense ETFs in focus.
In a press release on November 15, Honeywell (HON) said that William Yu will be the president of Honeywell China. Yu will also continue to be the vice president and general manager of Honeywell’s Performance Materials and Technologies (PMT) division in the Asia-Pacific region. Honeywell has a significant presence in China with a workforce of 13,000 people spread across 30 cities.
In a press release on November 9, Honeywell (HON) announced that it completed the acquisition of German-based Transnorm. Honeywell entered into an agreement on October 1 to acquire Transnorm. According to the deal, Honeywell will pay 425 million euros. Transnorm is expected to be part of Honeywell’s Safety and Productivity Solutions.
Since the 2016 presidential election, aerospace and defense stocks and the corresponding exchange traded funds have been stellar performers, but in October, those assets were tested. The iShares U.S. Aerospace & Defense ETF (Cboe:ITA), the largest ETF dedicated to aerospace and defense stocks, tumbled last month, shedding almost 12%. A number of market analysts feel that this run in the aerospace and defense sector could continue even after the extended bull market continues to lose steam and delve into a full-blown correction.
Investors should focus on some strategies as to which sector should they take positions or which should be avoided if bipartisan government forms.
Shares of Boeing traded higher on Wednesday morning as the company reported better-than-expected third-quarter earnings and raised its 2018 earnings forecast to what may be a record revenue year for the aircraft manufacturer. Boeing reported adjusted earnings of $3.58 a share, which bested analyst expectations by 11 cents. In addition, third-quarter revenue was $25.15 billion--over $1 billion better than analyst expectations.
Aerospace and defense exchange-traded funds (ETFs) couldn't protect themselves from the volatility of the broad market as all four were in the red despite positive third-quarter earnings results from Lockheed Martin (etftrends.com/quote/LMT). The iShares U.S. Aerospace & Defense ETF (Cboe:ITA) fell 0.72%, PowerShares Aerospace & Defense Portfolio (PPA) slid 0.54%, SPDR S&P Aerospace & Defense ETF (XAR) fell 0.81%, and the Direxion Dly Aerospace&Def Bl 3X ShsETF (DFEN) dropped 1.65%. DFEN, in particular, seeks daily investment results equal to 300% of the daily performance of the Dow Jones U.S. Select Aerospace & Defense Index, which attempts to measure the performance of the aerospace and defense industry of the U.S. equity market.