Latest news with #Sundyne
CNBC
6 hours ago
- Business
- CNBC
Honeywell closes an acquisition, and Amazon's data center blitz continues
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are higher to start the trading week in what's been a mostly quiet session as investors await details on the U.S.-China trade talks in London. The gains follow a strong rally on Friday in reaction to the better than expected May nonfarm payrolls report. There's a little bit of a rotation happening under the hood, with some lagging "value" oriented stocks playing catch-up. Stocks like Dover , DuPont , and Bristol Myers Squibb were some notable outperforms in the portfolio. But others with better momentum or relative winners this year — such as Club holdings GE Vernova , Eaton , TJX Companies and Broadcom — pulled back slightly. Deal closed: Club name Honeywell completed its acquisition of Sundyne, which makes pumps and compressors used in various industries including oil and gas and power generation . The $2.16 billion, all-cash deal was first announced in March. In the grand scheme of things for Honeywell, it's a small move — but certainly an interesting one. For starters, Honeywell expects Sundyne will immediately start contributing to topline growth and the margin profile of its Energy and Sustainability Solutions segment; it also is projected to benefit adjusted earnings per share in the first full year of ownership. On top of all that, the acquisition is notable because it comes as Honeywell prepares to break itself up into three pieces. Most notably, its crown-jewel Honeywell Aerospace division is being spun out on its own in the second half of 2026. Sundyne will remain with the Honeywell Automation company. The third unit— already named Solstice Advanced Materials — is on track to be fully separated later this year or in early 2026. WWDC check in: Apple's annual software development conference kicked off Monday . Shares traded higher leading into the event but reversed and fell about 1% shortly after the keynote began, following the company's unveiling of its operating system redesign. Apple's WWDC conference includes plenty of neat updates that will incrementally improve the quality of life for its hardware users, but what we've learned so far isn't game changing enough to trigger a new device upgrade cycle. New AI features could be the catalyst, but since those updates weren't expected at this year's event, we've kept our expectations in check. We'll follow up later Monday with a more complete reaction to the presentation and what it means for investors. Data center moves: It feels like an announcement around data center construction has become a daily occurrence. Of course, that's a little hyperbolic — but the sentiment holds true and underscores just how influential the artificial intelligence infrastructure buildout has become. The latest news on this front comes courtesy of Club name Amazon , which said Monday it's spending $20 billion on two data center campuses in Pennsylvania. Just last week, we heard from Amazon about a $10 billion investment in North Carolina. As for Monday's Pennsylvania news, one of the data center campuses is near the Susquehanna nuclear power plant, according to The Associated Press . That is the same nuclear plant that last year struck up a first-of-its-kind deal with Amazon that involved directly supplying nuclear power to a data center. A request to send more nuclear power to the facility is currently tied up in legal fights . While we don't know how that will fully play out, we continue to monitor nuclear developments even closer than before because our newest Club holding, GE Vernova, has a nuclear business. GE Vernova and Eaton, which we mentioned in the first item, both benefit from the data center buildout more broadly. Up next: Casey's General Stores reports earnings after the closing bell on Monday, and JM Smucker is set to release its results before the opening bell on Tuesday. On the data side, there is the May reading on the NFIB Small Business Optimism Index. Conference season is in full swing. One presentation we are looking forward to is Club name Capital One's at the Morgan Stanley U.S. Financials Conference. It starts at 2:30 pm ET Tuesday. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Yahoo
13 hours ago
- Business
- Yahoo
HONEYWELL COMPLETES ACQUISITION OF SUNDYNE TO EXPAND PROCESS INDUSTRY CAPABILITIES
$2.16 billion acquisition of Sundyne expands Honeywell's ESS product portfolio and aftermarket services, integrating critical equipment with automation and control systems powered by Honeywell Forge Sundyne brings approximately 1,000 skilled employees and significant aftermarket revenue generated from a large installed base Honeywell's global reach and strong customer relationships help accelerate market access and adoption of Sundyne's specialized products and services CHARLOTTE, N.C., June 9, 2025 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced the completion of its acquisition of Sundyne from private equity firm Warburg Pincus for $2.16 billion in an all-cash transaction. The acquisition of Sundyne—a leader in the design, manufacturing, and aftermarket support of highly-engineered pumps and gas compressors for process industries—is expected to be immediately accretive to Honeywell's sales growth and segment margins as well as to adjusted EPS in the first full year of ownership. Sundyne's deep customer relationships, best-in-class products and technology will unlock strategic growth potential for Honeywell UOP's value chains in refining and petrochemicals, liquefied natural gas (LNG) and clean and renewable fuels. Unified under the Honeywell Forge platform, the combined solution provides a scalable, full-spectrum approach that positions Honeywell as a leader in the energy transition. "Merging Sundyne's differentiated products with Honeywell's leading technology and R&D capabilities positions our business for significant growth," said Ken West, President and CEO of Honeywell's Energy and Sustainability Solutions (ESS) segment. "By enhancing our end-to-end process technology and critical equipment offerings, this acquisition allows us to provide improved solutions for our customers." The completion of this acquisition follows Honeywell's announcement of the planned spin-offs of its Aerospace Technologies and Solstice Advanced Materials businesses, which will result in three publicly listed industry leaders with distinct strategies and growth drivers. Since December 2023, Honeywell has announced a number of strategic actions to drive organic growth and simplify its portfolio, including $13.5 billion of accretive acquisitions. In addition to Sundyne, these acquisitions include: the Access Solutions business from Carrier Global, Civitanavi Systems, CAES Systems, the LNG business from Air Products and Johnson Matthey's Catalyst Technologies Business. Honeywell also completed the sale of its Personal Protective Equipment business to Protective Industrial Products last month. About HoneywellHoneywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future and include statements related to the proposed spin-off of the Company's Advanced Materials business into a stand-alone, publicly traded company and the proposed separation of Automation and Aerospace. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as lower GDP growth or recession, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. Contacts:Media Investor Relations Stacey Jones Sean Meakim (980) 378-6258 (704) 627-6200 View original content to download multimedia: SOURCE Honeywell 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
Associated Press
14 hours ago
- Business
- Associated Press
HONEYWELL COMPLETES ACQUISITION OF SUNDYNE TO EXPAND PROCESS INDUSTRY CAPABILITIES
CHARLOTTE, N.C., June 9, 2025 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced the completion of its acquisition of Sundyne from private equity firm Warburg Pincus for $2.16 billion in an all-cash transaction. The acquisition of Sundyne—a leader in the design, manufacturing, and aftermarket support of highly-engineered pumps and gas compressors for process industries—is expected to be immediately accretive to Honeywell's sales growth and segment margins as well as to adjusted EPS in the first full year of ownership. Sundyne's deep customer relationships, best-in-class products and technology will unlock strategic growth potential for Honeywell UOP's value chains in refining and petrochemicals, liquefied natural gas (LNG) and clean and renewable fuels. Unified under the Honeywell Forge platform, the combined solution provides a scalable, full-spectrum approach that positions Honeywell as a leader in the energy transition. 'Merging Sundyne's differentiated products with Honeywell's leading technology and R&D capabilities positions our business for significant growth,' said Ken West, President and CEO of Honeywell's Energy and Sustainability Solutions (ESS) segment. 'By enhancing our end-to-end process technology and critical equipment offerings, this acquisition allows us to provide improved solutions for our customers.' The completion of this acquisition follows Honeywell's announcement of the planned spin-offs of its Aerospace Technologies and Solstice Advanced Materials businesses, which will result in three publicly listed industry leaders with distinct strategies and growth drivers. Since December 2023, Honeywell has announced a number of strategic actions to drive organic growth and simplify its portfolio, including $13.5 billion of accretive acquisitions. In addition to Sundyne, these acquisitions include: the Access Solutions business from Carrier Global, Civitanavi Systems, CAES Systems, the LNG business from Air Products and Johnson Matthey's Catalyst Technologies Business. Honeywell also completed the sale of its Personal Protective Equipment business to Protective Industrial Products last month. About Honeywell Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future and include statements related to the proposed spin-off of the Company's Advanced Materials business into a stand-alone, publicly traded company and the proposed separation of Automation and Aerospace. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as lower GDP growth or recession, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. View original content to download multimedia: SOURCE Honeywell
Yahoo
09-05-2025
- Business
- Yahoo
Is Honeywell International Inc. (HON) the Best Dow Stock?
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 Dow stocks. The Dow Jones Industrial Average is a benchmark index of the top 30 companies in the US. It represents the strength of the US economy and carries great historical significance as well. It also acts as a reference point for analysts and investors. However, not all stocks within this elite group of companies perform equally. While some thrive on innovation and economic boom, others struggle due to various setbacks and economic trends. We decided to break down the index and find out the best and worst stocks, looking at what was making them perform unexpectedly this year. In order to come up with our ranking of the best and worst Dow stocks, we first assigned a rank to each stock based on the number of hedge funds holding the stock. We then looked at the short interest in each stock and assigned the top rank to the company with the least short interest. We then combined the two ranks to see which stock was the best on average. The list is in ascending order, with the best stock taking the number one spot. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). 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 Interest as of Apr 30, 2025: 1.29% Honeywell International Inc. (NASDAQ:HON) is involved in the building automation, industrial automation, aerospace technologies, and energy and sustainable solutions businesses. On the back of analyst Amit Mehrotra's confidence in the company, it was recently added to research firm UBS's top picks list. The research firm maintained its Buy rating on the stock. Mehrotra highlighted Honeywell's attractive valuation, confidence in execution, and segment strength and margin recovery as the main factors behind this upgrade. He further said: 'We are now adding Honeywell to that list due to good management of expectations, encouraging underlying growth and positioning, and a valuation that we view as having meaningful room for improvement.' The company has recently announced the acquisition of Sundyne, a pump and gas compressor maker, for $2.16 billion. With this acquisition, the firm will improve its offerings in automation and control systems and critical equipment for industries including petrochemicals and oil and gas. This move is a part of Honeywell's restructuring efforts. Chairman and CEO Vimal Kapur mentioned: 'By combining Honeywell's top-tier technology with Sundyne's leading process industry solutions, this acquisition will further enhance our dynamic Honeywell UOP business and create strategic growth opportunities in attractive verticals.' Overall, HON ranks 20th on our list of best and worst Dow stocks. 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 doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HON but that trades at less than 5 times its earnings, 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
Yahoo
21-03-2025
- Business
- Yahoo
Honeywell Isn't Going to Let a Little Breakup Ruin Its Growth Plans
Investors are usually happy when a company can pull off one big goal and do it well. So Wall Street was almost certainly expecting Honeywell (NASDAQ: HON) to focus all of its attention in the immediate future on what amounts to a massive corporate restructuring. Then management threw a wrench into the works by announcing plans for a $2.16 billion acquisition. What is going on? Wall Street tends to go through periods when companies buying up other companies to create ever-bigger conglomerates is seen as the natural path to success. Then, the script flips and investors start pushing for massive companies to spin units off and "unlock value," under the theory that the various business units would perform better as focused, standalone entities. Right now, it seems like there's a general desire among investors for companies to break themselves apart. The biggest recent story in this vein was probably General Electric, which is General Electric no longer. It is now GE Aerospace (NYSE: GE), GE Vernova (NYSE: GEV), and GE Healthcare (NASDAQ: GEHC). But that industrial giant was not the only iconic company to slim down recently. Johnson & Johnson (NYSE: JNJ), for example, spun off its consumer healthcare business as Kenvue (NYSE: KVUE), leaving the parent company able to focus all of its attention on its drug and medical device businesses. Honeywell, a diversified industrial conglomerate, started down this same path by announcing plans to spin off its advanced materials business into a standalone entity. Then it went a step further when it announced, just before releasing its fourth-quarter 2024 earnings last month, that it was actually going to break up into three businesses: advanced materials, Honeywell Automation, and Honeywell Aerospace. It is complicated to spin off one business unit. It is even more complicated to break a massive public company up into three new ones. General Electric's path to do the same thing was a multiyear affair. Often companies in the middle of transformative actions like this end up in something of a stasis mode on other fronts, given all of the work that goes into managing a breakup. Any thoughts of acquisitions usually get put on the back burner since they are kind of antithetical to the idea of breaking up and slimming down. Honeywell is not content to do things the easy way and simply go from point A (conglomerate) to point B (three smaller companies). It has announced that it will buy Sundyne from a private equity firm for $2.16 billion. The deal is expected to close in the second quarter. Sundyne makes and provides aftermarket support for highly engineered pumps and gas compressors. While the acquisition should be a good fit for Honeywell, the most important aspect of the deal is probably management's statement that it's doing this deal while still moving forward full speed on its break up and other streamlining efforts. As for the other streamlining efforts, Honeywell is expected to complete the sale of its personal protective equipment business in the first half of 2025. The conglomerate has a lot on its plate. There's good news and bad news here. Unlike GE, which was essentially forced to break up because of the weakened condition of its business following the Great Recession, Honeywell is breaking up while it is in a position of strength. Its sales rose 5% in 2024, and adjusted earnings grew by 4% -- not massive growth, but a pretty solid performance for a $130 billion market cap company. Further, its fourth-quarter revenue and adjusted earnings exceeded its guidance, so the year ended on a particularly strong note. While the planned breakup is big news, management clearly isn't easing back on the accelerator. The bad news is that management's plan to keep operating in some ways as if Honeywell wasn't splitting apart increases uncertainty. It is purposefully making a complex situation even more complex. If it can execute everything well, that won't be a problem, but the risk of missteps increases with every additional corporate transaction. If all Honeywell was doing was selling off some of its smaller units while simultaneously making bolt-on acquisitions to bolster the core company, there would be no problems. But its actual strategy has made it something of a special situations stock. There's probably no reason to sell Honeywell shares now if you already own them (unless you hate the idea of this breakup, of course), but buying the stock today is probably something that only more aggressive investors should do, given the number of balls management is juggling. Before you buy stock in Honeywell International, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Honeywell International wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $707,481!* Now, it's worth noting Stock Advisor's total average return is 821% — a market-crushing outperformance compared to 163% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 18, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends GE HealthCare Technologies and Kenvue. The Motley Fool recommends GE Aerospace and Johnson & Johnson and recommends the following options: long January 2026 $13 calls on Kenvue. The Motley Fool has a disclosure policy. Honeywell Isn't Going to Let a Little Breakup Ruin Its Growth Plans was originally published by The Motley Fool Sign in to access your portfolio
