|Bid||0.0000 x 900|
|Ask||0.0000 x 1000|
|Day's Range||57.6520 - 58.2722|
|52 Week Range||51.0800 - 62.1800|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.87|
|Expense Ratio (net)||0.60%|
Honeywell (HON) announced its third-quarter earnings today before the market opened. It reported adjusted EPS of $2.03, an increase of 16.7% year-over-year, and beat Wall Street analysts’ expectation of $1.99.
Wall Street expects Honeywell (HON) to report revenue of $10.75 billion in Q3 2018, representing a 6.2% increase over Q3 2017 when it reported revenue of $10.12 billion. If it manages to meet expectations, it will achieve its highest third-quarter revenue ever, which would imply a CAGR (compound annual growth rate) of 2.2% for the third quarter since 2013. The continued demand for the solstice products is considered to be the major revenue driving factor in Honeywell’s third quarter.
On October 9, Honeywell (HON) said in a press release that it would be using its technology to modernize one of Europe’s oldest paper mills, Sappi Austria Produktions-GmbH & Co. KG, located in Gratkorn, Austria. Honeywell upgraded one of the mill’s paper machines to its Experion PMD automation system in 2015. As part of the modernization, Honeywell plans to implement several server virtualization, process visualization, and cybersecurity solutions.
On October 1, Honeywell (HON) announced that Japanese retail chain Seven-Eleven will adopt the company’s next-generation Solstice N40 refrigerants. The new N40 refrigerants are said to be 65% better at reducing the GWP (global warming potential) compared to the earlier model R-404A. Using N40 refrigerants could result in 20% energy savings. Honeywell’s N40 refrigerants will help Seven-Eleven comply with the guidance of the Act on Rational Use and Proper Management of Fluorocarbons by 2025.
On October 1, Honeywell (HON) announced in a press release that it had entered into an agreement to acquire Transnorm. For this acquisition, HON will pay 425 million euros to IK Investment Partners. Transnorm has a significant presence in Europe.
On September 26, Honeywell’s (HON) future spin-off company, Resideo, said that it would issue $400 million senior notes due in 2026. Resideo’s borrowing from its secured credit facilities and the proceeds from the senior notes will be used to repay Honeywell’s debt or its subsidiaries. Resideo expects to pay $1.2 billion to Honeywell or the company’s subsidiaries.
On September 18, Honeywell (HON) announced that Alfa Laval Packinox joined its connected plant. Alfa Laval specializes in heat transfer. With the specialization, Alfa Laval could help refiners and petrochemical producers improve their operating efficiency. Heat exchangers are a critical part of Honeywell’s UOP’s CCR platforming technology.
On Tuesday, 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. In short, the United States doesn't skimp on defense spending and this is good news for exchange-traded funds (ETFs) like Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN), which has been producing rapid-fire returns. The measure now rests in the hands of the House, where lawmakers are expected to approve it next week--just days before a Sept. 30 deadline in order to avert a government shutdown.
The broad industrial sector is not impressing this year, but aerospace and defense stocks and exchange traded funds did not get that memo. The iShares U.S. Aerospace & Defense ETF (Cboe:ITA) , the largest aerospace and defense ETF, is up nearly 16% year-to-date. Impressive statistics for aerospace ETFs do not end there.
Aerospace and defense-related ETFs have been breaking into new all time highs, and the sector theme may continue to have legs. The aerospace and defense sector-related ETFs touched all-time highs early Wednesday but slightly pulled back later in the day. Schlossberg singled out Raytheon (RTN) as a strong play in the sector due to the broader defense trend.
In a press release on September 14, Honeywell (HON) announced that it’s scheduled to release its third-quarter earnings on October 19. The earnings will likely be declared before the NYSE opens. Honeywell is scheduled to hold a conference call at 8:30 AM EST on October 19 to discuss the results with investors.
On September 6, Garrett Motion, Honeywell’s (HON) proposed spin-off of its Transportation Systems business, held an investor conference in New York City. Olivier Rabiller, Garrett Motion’s president and CEO, addressed the investors and provided the business update.
On August 30, Honeywell announced that it implemented Connected Plant Asset Performance at its Kodama plant located in Saitama, Japan. Monitoring asset performance on a centralized platform will help improve plant efficiency. Shinichi Sakata, business leader of Honeywell Process Solutions, Japan, said, “This is another great example of how Honeywell Connected Plant can bring existing facilities to the next level of data-driven optimization.
On August 23, Honeywell (HON) raised its 2018 earnings guidance by $.05. In another development, HON announced the filing of Form 10 registration statements with the U.S Securities and Exchange Commission for its spin-off companies. The Garett Motion, Honeywell’s Transportation Systems Business spin, and Resideo Technologies, a spin-off of HON’s Homes and ADI Global Distribution Business, are expected to be spun off in the third quarter and by the end of the year, respectively.
Honeywell’s (HON) UOP business has continued its growth momentum. Last week, the UOP business signed three new contracts. Honeywell’s UOP business will supply its Polybed Pressure Swing Adsorption technology to Hubei Sanning Chemical Industry to supply high-quality hydrogen.
Honeywell Beats Estimates in Q2 2018, Sending Its Stock UpwardHoneywell beats analysts’ Q2 2018 earnings estimate
Honeywell (HON) reported its Q2 2018 earnings today, before the market opened. HON’s adjusted EPS rose 18% YoY (year-over-year) to $2.12 from $1.80, beating analysts’ estimate of $2.01 significantly. Its EPS were boosted by higher sales, better operational control over expenses as a percentage of sales, and aggressive share buybacks.
Aerospace and defense ETFs, including the iShares U.S. Aerospace & Defense ETF (Cboe:ITA) , were among the best industry level performers last year, but amid fears of trade wars, the group is enduring challenges this year. Boeing was one of the primary drivers of the aersospace industry’s out-performance from the time President Trump won the 2016 presidential election. Aerospace and defense stocks are part of the broader industrial sector and have been important drivers of the sector’s performance over the past year.
This analysis is intended to introduce important early concepts to people who are starting to invest and want to begin learning the link between Piraeus Port Authority SA (ATH:PPA)’s fundamentalsRead More...
On its surface, the meeting with U.S. President Donald Trump and North Korean leader Kim Jong-un may have proven to be a success in terms of establishing a peace agreement and denuclearization, but aerospace and defense ETFs got nuked in the process on Tuesday. Before the close of the market, aerospace and defense ETFs were having their worst day since May 31.
It’s artificial intelligence up, but guns down for Google as the Mountain View, California-based search engine giant shot down any notion that its latest technology would be used as weaponry. This assertion ...
Uncertainty over U.S./North Korean relations continues to support defense stocks. These three ETFs provide exposure to increased defense spending.
Defense ETFs have been gaining strength in recent times thanks to a host of factors and made themselves a must-watch this Memorial Day.