The latest trading session saw Honeywell International Inc. (HON) ending at $199.87, denoting a -1.51% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq appreciated by 0.36%.The the stock of company has fallen by 2.45% in the past month, leading the Conglomerates sector's loss of 5.42% and undershooting the S&P 500's gain of 2.4%.Investors will be eagerly watching f ...

Honeywell International Inc. (HON) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned -2.5% over the past month versus the Zacks S&P 500 composite's +2.4% change. The Zacks Diversified Operations industry, to which Honeywell International Inc. belongs, has lost 5.4% over this period. Now the key question is: Where could the stock be headed in the near ...

Honeywell now surpasses 50 licenses for its renewable fuel processing solutionsCHARLOTTE, N.C., Jan. 24, 2024 /PRNewswire/ -- Honeywell (Nasdaq: HON) announced that Acelen Renewables has selected its Ecofining™ technology to help support the efficient production of a targeted 20,000 barrels per day of sustainable aviation fuel (SAF) and renewable diesel. The fuels will be processed at Acelen's facility in Bahia, Brazil, from a blend of inedible seed and waste oils. With this agreement, Acelen Renewables bec ...

There's a case for arguing that Honeywell International (HON 0.33%) is a victim of its success, and that success is creating pressure on management to change its strategy. While it may sound like an oxymoron to change a winning strategy, shareholders always want improvement, and the company's lofty valuation rating means management is under pressure to generate more value for investors. But does it all add up to make the stock worth buying this year?Honeywell's valuation "problem"The industrial conglomerate ...

Honeywell International Inc. (HON) closed the most recent trading day at $201.10, moving -0.28% from the previous trading session. This move lagged the S&P 500's daily gain of 0.08%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq gained 0.02%.Shares of the company witnessed a loss of 0.86% over the previous month, beating the performance of the Conglomerates sector with its loss of 1.33% and underperforming the S&P 500's gain of 3.52%.Market participants will be closely following the financ ...

Quantum computing has become a term that many of us are familiar with despite being unaware of what it means for a rapidly growing technological landscape or why it’s important. In a nutshell, quantum computing has the power to take processing beyond their binary bit-based frameworks that rely on the use of 0 or 1. Instead, it uses ‘qubits’ to deliver parallel processing and generate a near-infinite number of outcomes for a single input. While quantum computing is nothing new, the recent generative artifici ...

Honeywell International Inc. (HON) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this company have returned -0.3% over the past month versus the Zacks S&P 500 composite's +4% change. The Zacks Diversified Operations industry, to which Honeywell International Inc. belongs, has gained 0.1% over this period. Now the key question is: Where could the stock b ...

Digital connectivity technologies in building management systems will help reduce cost, waste, and downtime ATLANTA and WILMINGTON, Mass., Jan. 9, 2024 /PRNewswire/ -- Honeywell (Nasdaq: HON) and Analog Devices, Inc. (Nasdaq: ADI) announced today at CES 2024 that they have entered into a Memorandum of Understanding to explore the digitization of commercial buildings by upgrading to digital connectivity technologies without replacing existing wiring, which will help reduce cost, waste, and downtime. The str ...

Quantum computing is an exciting yet complex space with much promise. Recent projections estimate the global quantum computing market will grow to $7.6 billion in 2027. This forecast considers factors like the methodical pace of quantum hardware development, competition from other advanced computing technologies, and current economic uncertainties. Analysts expect a gradual expansion as the market matures. Progress will likely come through enhancements in infrastructure, computing platforms, and a wider ran ...

Financial Data and Key Metrics Changes - Adjusted earnings per share for Q3 2023 was $2.27, up 1% year-over-year, or up 7% excluding a $0.14 non-cash pension headwind [49][68] - Third quarter sales grew 2% year-over-year, driven by double-digit growth in commercial aviation, defense and space, and process solutions [35][50] - Free cash flow was $1.6 billion, down 18% year-over-year, due to timing of cash tax payments and higher net working capital [37][52] Business Line Data and Key Metrics Changes - Aerospace sales increased 18% organically, with double-digit growth in both commercial aviation and defense and space [90] - Performance Materials and Technologies (PMT) sales grew 3% organically, led by HPS, which saw double-digit growth for the fourth consecutive quarter [62] - Safety and Productivity Solutions (SPS) sales decreased 25% organically, primarily driven by lower volumes in warehouse and workflow solutions [93] Market Data and Key Metrics Changes - Orders grew double digits in the quarter, with Aero orders up 30% year-over-year [29] - Honeywell Building Technologies (HBT) ended the quarter with flat year-over-year orders, indicating stabilization in short-cycle end markets [29] - The backlog reached a record level of $31.4 billion, up 8% year-over-year, driven by double-digit orders growth across long-cycle businesses [36][50] Company Strategy and Development Direction - The company is focusing on automation, sustainability, and aerospace as core areas for growth [34][116] - A recent portfolio reorganization aligns the business with mega trends such as automation and energy transition, enhancing strategic focus [116][118] - The company aims to expand margins and generate free cash flow margins of mid-teens plus, while continuing to invest in R&D and high-return projects [117][118] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating near-term challenges and meeting performance targets, supported by strength in aerospace and energy markets [18][53] - The company anticipates continued demand in long-cycle businesses, with a focus on new product innovation to drive growth [112][113] - The macroeconomic environment remains challenging, but the company is well-positioned to deliver strong financial performance in 2024 [87][112] Other Important Information - The company deployed $2 billion in capital during the third quarter, including dividends, M&A, and share repurchases [31][98] - Segment margins expanded by 80 basis points year-over-year, achieving the high end of guidance, led by HBT [30][59] - The company expects to see margin expansion in PMT due to a healthy UOP mix and recovery from earlier operational challenges [122] Q&A Session Summary Question: What is the outlook for PMT margins in Q4? - Management expressed high conviction in PMT's ability to deliver margin accretion in Q4, although specific guidance ranges were not provided [5][10] Question: How has government stimulus impacted business? - Management noted benefits from government stimulus programs, particularly in semiconductor activities, and strong infrastructure activity in high-growth regions [13][10] Question: What are the expectations for SPS growth next year? - Management indicated that while top-line growth for SPS could be flattish next year, margin expansion is expected as the business recovers from previous challenges [129][130] Question: How is the geographic market performance? - Management highlighted strength in Asia, particularly India and ASEAN, while noting challenges in Europe and the U.S. due to high interest rates [151][152] Question: What is the outlook for advanced materials? - Management acknowledged weakness in certain areas of advanced materials but noted strong performance in fluorine products, with expectations for recovery aligned with economic conditions [163][164]