AllAnalyst Report
logoMorningstarDecember 08, 2023

Honeywell International Inc.: Honeywell: Announces Acquisition of Carrier’s Security Business for $4.95 Billion

Symbols
HON
Sector(s)
Industrials
Rating
Current Price
$198.67
Fair Value
Economic Moat
Stewardship
Summary

Honeywell traces its roots to 1885 with Albert Butz’s firm, Butz-Thermo Electric Regulator, which produced a predecessor to the modern thermostat. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spinoffs of Garrett Technologies and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure.

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Analyst Profile

Brian Bernard

Sector Director
Brian Colello, CPA, is director of technology, media, and telecom equity research for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. In addition to leading Morningstar’s technology, media, and telecom sector team, he covers semiconductor and hardware companies. Colello was a senior equity analyst before assuming his current role in 2015.Before joining Morningstar in 2008, he worked in public accounting for KPMG and served as a manager in corporate finance for BMG Music, a subsidiary of Bertelsmann AG.Colello holds a bachelor’s degree in accounting from Bucknell University and a master’s degree in business administration from Wake Forest. He is also a Certified Public Accountant.