Latest news with #HoneywellInternationalInc
Yahoo
5 days ago
- Business
- Yahoo
Honeywell, Johnson Matthey, GIDARA Energy, and SAMSUNG E&A Join Forces in SAF Technology Partnership
Honeywell International Inc. (NASDAQ:HON), Johnson Matthey, GIDARA Energy, and SAMSUNG E&A have announced a strategic partnership to develop a complete global solution for producing sustainable aviation fuel (SAF) from biomass and municipal solid waste. This alliance combines their diverse expertise to simplify the entire SAF production process, from raw materials to the finished fuel. Together, they plan to launch a new technology that uses the Fischer-Tropsch (FT) process, aiming to tap into widely available feedstocks worldwide to meet the increasing demand for SAF and boost energy security. Their joint effort is designed to speed up project completion and offer customers a single point of contact for managing the project and ensuring product quality, improving communication and reliability throughout the process. Ken West, President and CEO, Honeywell Energy and Sustainability Solutions, made the following comment: 'The launch of our innovative end-to-end SAF alliance demonstrates the power of collaboration to address the world's energy demands. As demand for SAF increases, the technology to expand available feedstock options becomes increasingly vital. This comprehensive alliance provides refiners with a strategic approach to quickly execute their vision.' By combining their resources, the partners expect to cut the time from feasibility studies to plant startup by over 15% and lower capital costs by up to 10%. This new alliance builds on the existing collaboration between Johnson Matthey and Honeywell International Inc. (NASDAQ:HON) in synthetic fuels, including methanol-to-jet and FT-based solutions. Honeywell International Inc. (NASDAQ:HON) is a diversified company that operates across many industries and regions worldwide. Its business focuses on three major global trends: automation, the future of aviation, and the shift to cleaner energy. These efforts are supported by the Honeywell Accelerator operating system and the Honeywell Forge IoT platform. While we acknowledge the potential of HON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None.
Yahoo
30-05-2025
- Business
- Yahoo
Honeywell International Inc. (HON) Increases Despite Market Slip: Here's What You Need to Know
In the latest trading session, Honeywell International Inc. (HON) closed at $226.67, marking a +0.66% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.01%. Meanwhile, the Dow experienced a rise of 0.13%, and the technology-dominated Nasdaq saw a decrease of 0.32%. Heading into today, shares of the company had gained 6.86% over the past month, outpacing the Conglomerates sector's gain of 6.61% and the S&P 500's gain of 6.43% in that time. The investment community will be paying close attention to the earnings performance of Honeywell International Inc. in its upcoming release. On that day, Honeywell International Inc. is projected to report earnings of $2.63 per share, which would represent year-over-year growth of 5.62%. Meanwhile, the latest consensus estimate predicts the revenue to be $10.01 billion, indicating a 4.48% increase compared to the same quarter of the previous year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.38 per share and revenue of $40.22 billion. These totals would mark changes of +4.95% and +4.46%, respectively, from last year. Any recent changes to analyst estimates for Honeywell International Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.36% higher. Right now, Honeywell International Inc. possesses a Zacks Rank of #3 (Hold). From a valuation perspective, Honeywell International Inc. is currently exchanging hands at a Forward P/E ratio of 21.69. This denotes a premium relative to the industry's average Forward P/E of 17.5. It's also important to note that HON currently trades at a PEG ratio of 2.62. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Diversified Operations industry held an average PEG ratio of 1.97. The Diversified Operations industry is part of the Conglomerates sector. With its current Zacks Industry Rank of 134, this industry ranks in the bottom 46% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Honeywell International Inc. (HON) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Here's Why Renaissance Large Cap Growth Strategy Exited Its Position in Honeywell International (HON)
Renaissance Investment Management, an investment management company, released its Q1 2025 'Large Cap Growth Strategy' investor letter. A copy of the letter can be downloaded here. The S&P 500 experienced a 4.3% loss in Q1 due to uncertainty in technology stock valuations and US economic policies. However, seven sectors showed positive returns, with Energy, Health Care, and Utilities sectors showing the strongest performance. The S&P 500 has not experienced a significant correction since 2023, which can be expected to occur every couple of years. However, there are still good investment opportunities in high-quality, reasonably priced stocks that have not matched concentrated market indices. The S&P 500 (-4.3%) and Russell 1000 Growth Index (-10%) declined in Q1, with large-cap stocks outperforming smaller-cap stocks and Value outperforming Growth. For the quarter, the strategy exceeded the Russell 1000 Growth benchmark and lagged the S&P 500. For more information on the fund's best picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Renaissance Large Cap Growth Strategy highlighted stocks such as Honeywell International Inc. (NASDAQ:HON). Honeywell International Inc. (NASDAQ:HON) is an innovation and technology company that provides aerospace technologies, industrial automation, building automation, and energy and sustainable solutions. The one-month return of Honeywell International Inc. (NASDAQ:HON) was 11.40%, and its shares gained 12.16% of their value over the last 52 weeks. On May 22, 2025, Honeywell International Inc. (NASDAQ:HON) stock closed at $223.63 per share with a market capitalization of $143.72 billion. Renaissance Large Cap Growth Strategy stated the following regarding Honeywell International Inc. (NASDAQ:HON) in its Q1 2025 investor letter: "We also sold our position in Honeywell International Inc. (NASDAQ:HON) following a deterioration in fundamental factors and following several quarters of disappointing operating results. Honey well faces subdued demand from its industrial segment as customers continue to digest post COVID spending, leading to a shortfall in our short-cycle product growth expectations. We believe it is prudent to move to the sidelines as these external forces will likely remain challenges for the foreseeable future." A shot of a commercial plane with a blur of color in the background, representing the production of auxiliary power units in the Safety and Productivity Solutions segment. Honeywell International Inc. (NASDAQ:HON) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 67 hedge fund portfolios held Honeywell International Inc. (NASDAQ:HON) at the end of the fourth quarter, compared to 55 in the third quarter. While we acknowledge the potential of Honeywell International Inc. (NASDAQ:HON) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Honeywell International Inc. (HON) Close to Acquiring Johnson Matthey Catalyst Unit
Honeywell International Inc. (NASDAQ:HON) is close to securing a £1.8 billion ($2.4 billion) deal to acquire Johnson Matthey's catalyst technologies division, the Financial Times reported on Wednesday. People familiar with the matter told the British newspaper that the business is expected to be combined with Honeywell International Inc. (NASDAQ:HON)'s UOP brand, which builds technologies, including catalysts, for gas processing and petroleum refining. An industrial complex with its towering smokestacks, showing the scale of the company's specialty chemicals operations. The takeover will be the latest in the series of acquisitions of UK assets by American groups this year. It will also mark yet another acquisition by Honeywell International Inc. (NASDAQ:HON), expanding its $11 billion spree since December 2023. This buyout is likely to add significant revenue generation for Honeywell International Inc. (NASDAQ:HON) ahead, as analysts project Johnson Matthey's catalyst unit to post nearly £613 million ($823 million) in revenues for the year to the end of March. According to the Financial Times, Johnson Matthey confirmed being in 'advanced discussions' about a possible deal, without naming the potential buyer. Whereas, Honeywell International Inc. (NASDAQ:HON) has so far not commented on the reports. It is pertinent to mention that Honeywell International Inc. (NASDAQ:HON) is currently undergoing transformation. Earlier in the year, the company unveiled its intention to separate Automation and Aerospace Technologies, in addition to the previously announced plan to spin Advanced Materials. The change is expected to be completed during the second half of 2026. While we acknowledge the potential of HON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HON and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Was Jim Cramer Right About Honeywell International Inc. (HON)?
We recently published a list of . In this article, we are going to take a look at where Honeywell International Inc. (NASDAQ:HON) stands against other stocks that Jim Cramer discusses. Back in 2024, on May 15, Mad Money's Jim Cramer discussed Honeywell International Inc. (NASDAQ:HON) with deep frustration, calling for a breakup to unlock value after ongoing underperformance. 'I'm talking about a company I used to like a lot — I own it for the Charitable Trust — it's been a disappointer and it's called Honeywell. We've been patient — my patience is being tried. It's a consistent underperformer over this period by a significant margin. […] I think they should consider breaking it up, given how well it's worked for United Technologies and GE. The modern Honeywell is just an amalgamation of completely unrelated businesses that have no theme whatsoever. […] At this point, I don't see what Honeywell gets from keeping them under the same roof. […] I've not been happy this year with companies that have not made my trust money. […] Wall Street loves smaller bite-sized companies that are easier to value. The proof is in.' His frustration proved valid, as the stock delivered just 7.87%, lagging badly despite a strong market. A shot of a commercial plane with a blur of color in the background, representing the production of auxiliary power units in the Safety and Productivity Solutions segment. Honeywell International Inc. (NASDAQ:HON) is stuck in a strategic identity crisis as its diverse industrial units fail to deliver consistent upside. During a recent CNBC program, Cramer admitted that he's now looking to buy back some of the company's stock. Here's what he said in February this year: 'But this is the quarter you have to buy because you're finally getting the three pieces. The aerospace business is fantastic. This chemicals business is of course a little bit better than the GDP. And then you have this automation business which has been a disappointment. Overall, HON ranks 7th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of HON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HON and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
