Honeywell International Inc. (HON) has inked a deal to acquire CAES Systems Holdings LLC ("CAES") from private equity firm Advent International for about $1.9 billion in cash. The transaction will augment HON's defense technology offerings across various domains, including land, sea, air and space. Based in Arlington, VA, CAES is engaged in offering RF, microwave and millimeter wave solutions for missile defense radars, missile seekers and electronic warfare systems. The company has 13 facilities in North A ...

Honeywell International Inc. (HON) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system ...

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Honeywell International Inc. (HON) . Check price target & stock forecast for Honeywell International here>>> Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a sto ...

One stock that might be an intriguing choice for investors right now is Honeywell International Inc. (HON) . This is because this security in the Diversified Operations space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking plac ...

Key Takeaways Honeywell said the all-cash deal "will enhance Honeywell's defense technology solutions across land, sea, air and space, including new electromagnetic defense solutions for end-to-end radio frequency (RF) signal management." CAES Adds Potential for 'Continued Growth' Chief Executive Officer (CEO) Vimal Kapur said that the addition of CAES will advance Honeywell's position "at the forefront of the defense industry's most dynamic sectors and sets the tempo for continued growth across our aerospa ...

Honeywell's new Connected Power solution allows buildings to control energy usage at the plug level Much of the energy consumed in commercial buildings comes from devices plugged into outlets, with fewer than 1-in-5 employees unplugging unused devices Solution can be easily installed to upgrade existing electrical outlets ATLANTA, June 20, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today introduced Connected Power, a groundbreaking solution that helps monitor, manage and automate buildings' power usage at ...

CAES' high-reliability radio frequency technologies will help drive long-term growth and further diversify revenue streams on leading defense platforms This acquisition will enhance Honeywell's defense technology solutions across land, sea, air and space, including new electromagnetic defense solutions for end-to-end radio frequency (RF) signal management. With CAES' scalable offerings and Honeywell's current defense and space portfolio, the combined company will grow Honeywell's established production and ...

Honeywell International Inc. (HON) has been witnessing solid momentum in its commercial aviation original equipment and aftermarket businesses, driven by solid demand in the aviation market. Strength in the company's defense and space business, supported by stable U.S. and international defense spend volumes, have been driving its Aerospace segment. Also, solid demand for building solutions and a robust backlog level have been driving its Building Automation segment. Exiting the first quarter, its overall b ...

Honeywell International Inc. (HON) ended the recent trading session at $208.50, demonstrating a -0.47% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.85%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, added 1.53%. Coming into today, shares of the company had gained 3.09% in the past month. In that same time, the Conglomerates sector gained 3.32%, while the S&P 500 gained 3.11%. The investment community will be paying close attention to the ...

HOUSTON, June 11, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced the launch of its Battery Manufacturing Excellence Platform (Battery MXP), an artificial intelligence (AI)-powered software solution designed to optimize the operation of gigafactories from day one by improving battery cell yields and expediting facility startups for manufacturers. By delivering powerful data that can improve quality control and decision making on the plant floor, Battery MXP is designed to help manufacturers cut ...