With several analysts beginning to question the sustainability of the current stock market trend, investors should look to blue-chip stocks for stability in case of potential corrections. Investors seeking to increase their portfolio value significantly should focus on companies with proven track records of innovation. Even if a company’s stock suffers during a market downturn, its recovery depends upon how adaptable and innovative its offerings are to consumers. Innovative blue-chip companies are also an a ...

Bloomberg/Bloomberg via Getty Images Profits of Honeywell International Inc. (NASDAQ:HON) topped analysts' estimates last week by a small margin, but the industrial conglomerate's sales forecast for 2024 disappointed and triggered a 5% dip in the stock price, thereby creating a buying opportunity, particularly for passive income investors. Robust demand from the commercial aviation industry has led, however, to decent momentum in Honeywell International's Aerospace business which is smashing it right now. H ...

CHARLOTTE, N.C., Feb. 8, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced its participation at upcoming investor conferences in the first quarter.Vimal Kapur, Chief Executive Officer of Honeywell, will present at Citi's 2024 Global Industrial Tech and Mobility Conference in Miami, Florida on Tuesday, February 20, 2024, from 8:00 a.m. - 8:40 a.m. EST. Mr. Kapur will also present at the Barclays Industrial Select Conference in Miami, Florida on Wednesday, February 21, 2024, from 7:25 a.m. - 7:55 a ...

Honeywell to serve as Official Sustainable Building Technology Partner ATLANTA, Feb. 6, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced that it has become the Official Sustainable Building Technology Partner for the Atlanta Hawks and the award-winning State Farm Arena. As part of this multi-year deal, Honeywell will implement a series of high-tech upgrades to State Farm Arena's building operations systems to help decrease energy consumption and emissions while increasing visibility and control ...

Quantum computing is a new field of computing which utilizes quantum mechanics to produce machines that can handle far more calculations than traditional computers. The goal of quantum computing is to produce qubits, which are a measure of computing capacity. So far, the industry hasn’t managed to sustainably achieve enough qubits to supplant other types of supercomputers. But with analysts suggesting that the industry could reach a viable qubit computing level within the next few years, quantum computing s ...

Project to generate millions in tax revenue for state and local economy, create 156 new jobs at the high-tech manufacturing site OLATHE, Kan., Feb. 2, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today it will invest $84 million to expand its Olathe manufacturing facility in Kansas. The project, which is expected to generate nearly $47 million in total gross domestic product (GDP) and contribute $18.3 million to state and local taxes in the first six years, supports the company's alignment with th ...

Honeywell International Inc. (HON) reported fourth-quarter 2023 adjusted earnings of $2.60 per share, which came in line with the Zacks Consensus Estimate. The bottom line inched up 3% year over year on an adjusted basis. On a reported basis, the company’s earnings were $1.91 per share, indicating an increase of 26%.Total revenues of $9,440 million missed the Zacks Consensus Estimate of $9,703 million. However, the top line inched up around 3% from the year-ago quarter. Organic sales increased 2% due to gro ...

Honeywell International Inc. (HON) reported $9.44 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.8%. EPS of $2.60 for the same period compares to $2.52 a year ago.The reported revenue represents a surprise of -2.71% over the Zacks Consensus Estimate of $9.7 billion. With the consensus EPS estimate being $2.60, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

HBT • Fire products up year over year despite short cycle headwinds • Margin expansion driven by productivity actions and price / cost management, partially offset by unfavorable business mix • Process solutions sales up 10%, driven by strength across the business, highlighted by double-digit growth in projects and lifecycle solutions and services $11,506 22.2% PMT • Another year of significant growth in sustainable technology solutions, providing a foundation for the future Up 7% Organic FOURTH QUARTER 202 ...

Honeywell International Inc. (HON) came out with quarterly earnings of $2.60 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $2.52 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $2.22 per share when it actually produced earnings of $2.27, delivering a surprise of 2.25%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Honeywell Internat ...