Latest news with #Honeywell
Wall Street Journal
10 hours ago
- Business
- Wall Street Journal
Lawmakers Traded Stocks Heavily as Trump Rolled Out ‘Liberation Day' Tariffs
WASHINGTON—As markets tanked in the wake of President Trump's 'Liberation Day' tariffs in early April, members of Congress and their families made hundreds of stock trades, shining a spotlight on a controversial practice that some lawmakers have pushed to ban. From April 2, when Trump launched sweeping tariffs to April 8, the day before he paused many of them, more than a dozen House lawmakers and their family members made more than 700 stock trades, according to a Wall Street Journal analysis of disclosure filings. Top stocks purchased in that 'liberation week' period, by the number of trades listed in the disclosures, included MKS Instruments Inc. and JP Morgan Chase, while the most sold stocks included Honeywell and Visa.
CNBC
a day 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
a day ago
- Business
- Yahoo
Evertis selects Honeywell Aclar Technology for pharmaceutical packaging
Evertis has selected Honeywell's Aclar film for its Evercare pharmaceutical brand, aiming to improve packaging solutions within the pharmaceutical sector. This decision is expected to ensure secure packaging for life-saving medications distributed globally. Honeywell Energy and Sustainability Solutions sustainability and decarbonisation president Jeff Dormo said: 'Honeywell developed Aclar barrier films to help empower our partners in the pharmaceutical industry to develop high-quality packaging materials that meet rigorous standards required in healthcare. 'Aclar has been safely used in the pharmaceutical industry for more than 50 years, and Evertis' selection of Aclar films supports our shared mission to help promote the safe and effective packaging of life-saving drugs, ultimately improving patient outcomes.' The Aclar films are claimed to have been designed to protect the efficacy of both prescription and over-the-counter medications. They are said to provide a superior moisture barrier, which is crucial for maintaining drug stability and extending shelf life. In addition to enhancing product integrity, Aclar films support the pharmaceutical industry's shift towards recyclable solutions. Their unique production methods facilitate easy separation and recycling, contributing to sustainability efforts. Evertis plans to utilise Aclar in the development of medical-grade polyethylene terephthalate (PET) packaging materials. PET is recognised for its lightweight and versatile properties, making it a popular choice across various industries. By integrating Aclar films into its PET packaging, Evertis aims to optimise manufacturing processes and reduce production costs. Honeywell will collaborate with Evertis to support the design, development, and launch of these new packaging materials. The PET products incorporating Aclar technology are anticipated to reach the market by 2025. Evertis Americas CSO Casimiro Sacchetti said: 'We are thrilled to partner with Honeywell to advance the next generation of pharmaceutical packaging. 'By combining Evertis' superior PET film and lamination expertise with Honeywell's unique Aclar barrier technology, we are now able to offer the pharmaceutical industry premium PET-based films with outstanding thermoforming, sealing, and optical properties - while also meeting sustainability credentials.' Furthermore, Honeywell said its Advanced Materials business will be rebranded as Solstice Advanced Materials following a tax-free spin-off to shareholders. This transition is projected to occur by early 2026, with the new company headquartered in Morris Plains, New Jersey. Solstice Advanced Materials will focus on chemicals and materials, providing advanced technologies in various sectors. These include refrigerants, medical and pharmaceutical packaging, and semiconductor components. "Evertis selects Honeywell Aclar Technology for pharmaceutical packaging" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
a day 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
a day 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
