Group 1 - Madison Investments reported a 2.65% return for the S&P 500 in Q4 2025, leading to a full-year return of 17.9% for 2025, with the index achieving over 21% annual growth over the last three years [1] - The Madison Large Cap Fund (Class I) outperformed the S&P 500 with a return of 3.43% in Q4 2025, indicating effective fund management [1] - Market leadership was characterized by High Beta and Momentum factors, with improvements in previously lagging sectors such as Healthcare, Financials, and Consumer Discretionary [1] Group 2 - Honeywell International Inc. (NASDAQ:HON) stock closed at $243.61 on February 24, 2026, with a one-month return of 12.45% and a 52-week gain of 22.35%, reflecting strong performance [2] - Honeywell has a market capitalization of approximately $164.16 billion, indicating its significant size in the market [2] - The Madison Large Cap Fund initiated a position in Honeywell, viewing it as a high-quality industrial conglomerate undergoing a portfolio transformation, which includes the sale and spin-off of various assets in 2025 [3] Group 3 - Honeywell is not among the 30 most popular stocks among hedge funds, with 79 hedge fund portfolios holding its stock at the end of Q4 2025, an increase from 76 in the previous quarter [5] - While Honeywell is recognized for its investment potential, the company is compared to certain AI stocks that are perceived to offer greater upside potential and lower downside risk [5]

New research shows top OEMs cut downtime recovery by 40%, strengthening profitability through resilience- first strategies [Accessibility Statement] Skip NavigationFindings reveal how leading machine builders strengthen recovery, consistency and customer outcomesMILWAUKEE, Feb. 24, 2026 /PRNewswire/ -- Rockwell Automation (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, today released new global research that highlights how leading machine builders are ...

2月24日，农历新年开工第一天，广东省在广州召开全省高质量发展大会。西门子（中国）有限公司副 总裁兼Xcelerator中国总经理胡建钧在会上作发言时表示，广东深化制度型开放，加速融入全球创新网 络，持续优化营商环境，不断释放制度红利与市场潜力，正成为跨国公司眼中不可替代的投资高地。 胡建钧表示，西门子将紧扣广东"产业科技互促双强"战略，充分发挥本地化价值链与全球技术资源双重 优势，积极推动工业AI技术与场景在粤落地，促进制造业与服务业深度融合，助力新质生产力人才培 养。当前，西门子正积极筹划建设"西门子Xcelerator中国产业生态中心暨粤港澳大湾区工业AI创新基 地"，力争打造服务业高水平开放的示范标杆，为广东高质量发展注入更多"数智动能"，为中国式现代 化贡献跨国企业的坚实力量。 作为最早进入中国的外资企业，西门子在中国深耕发展已经超过150年。截至2025年底，共服务中国40 余个行业、超5万家企业。自1929年以来，西门子与广东的精诚合作已有近百年历程，在广东已形成"2 家运营企业、2家合资公司、4个研发创新中心"和"1个增材制造联合实验室"的全产业链布局。 胡建钧表示，当前，广东正在全力建设具有 ...

Core Insights - Honeywell's planned separation into three companies has transitioned from a hypothesis to an operational reality, allowing for better strategic clarity and portfolio adjustments [1] - The aerospace segment is experiencing strong bookings, but growth is limited by the company's delivery capacity, which is expected to increase by approximately 12% to 14% per quarter [2] - Long-cycle project demand is strong, particularly in LNG and aerospace, with Honeywell's LNG business booked until late 2027 and early 2028 [3] - Weaker demand persists in petrochemical catalysts due to excess industry capacity, while long-cycle process activities in LNG and refining are seeing increased orders [4] - Building Automation remains robust, with strong demand in North America, although conditions are weaker in Europe and China [5] - Honeywell's momentum from 2025 is continuing into early 2026, with first-quarter performance aligning with recent guidance [6] Business Strategy - Honeywell aims to operate as a pure-play automation company within six months, with a target of achieving a 40% services and software aftermarket mix [6] - The company is focusing on new product introductions as a core growth strategy, with varying adoption cycles across segments [7] - Inflation is a significant factor affecting pricing, with persistent cost pressures in the range of 3% to 3.5% [8] - Honeywell is adapting its pricing strategy to address inflation directly with customers and is emphasizing productivity to avoid relying solely on price increases [9] Technological Developments - Progress at Quantinuum is supported by recent technological advancements, with a hardware platform launched that delivers 48 logical qubits [10] - Honeywell's increased customer engagement in Quantinuum is building confidence in its potential to operate independently [11] - The company owns 52% of Quantinuum, and an eventual exit could eliminate approximately $250 million in annual investment [12] Market Trends - Honeywell's preference for bolt-on M&A and comfort with carve-outs reflects a significant shift in its portfolio, with 15% of revenue exited and 15% added [13] - Data center demand is closely linked to Building Automation, with customers seeking greater standardization and faster execution [13] - Key structural forces shaping the next five years include persistent inflation and a shift from rule-based automation to autonomy [13]

Core Insights - The momentum observed in 2025 continues into 2026, with external markets remaining largely unchanged [1] - The aerospace sector shows strong performance, while building automation has both short and long cycle strength [1] - Industrial automation is performing well in North America, but demand is weaker in Europe and China, influencing guidance [1] Market Analysis - The petrochemicals catalyst market is experiencing a lack of demand, attributed to sufficient global capacity [2] - The guidance for 2026 assumes the current demand situation in petrochemicals persists [2] - Conversely, long cycle and process orders have shown growth for two consecutive quarters [2]

Summary of Honeywell International Conference Call Company Overview - **Company**: Honeywell International (NasdaqGS: HON) - **Date**: February 18, 2026 - **Key Speakers**: Vimal Kapur (Chairman and CEO), Mike Stepniak (SVP and CFO) Key Industry Insights Building Automation and Industrial Automation - Strong performance in building automation and industrial automation, particularly in North America, but weaker demand in Europe and China [4][6] - Long cycle businesses, especially in LNG and refining, are experiencing growth, while short cycle catalyst demand in petrochemicals is flat due to excess capacity [6][8] - Orders for long cycle projects are increasing, with significant bookings extending into 2027 and early 2028 [15][19] Market Dynamics - The external market conditions remain stable year-over-year, with no significant changes anticipated [2] - The company is focusing on improving its capacity to meet growing demand, particularly in aerospace and LNG sectors [21] Financial Performance and Guidance - Honeywell expects to maintain a strong financial performance, with guidance for 2026 reflecting continued growth in key segments [8][32] - The company is targeting a pricing increase of 3%-4% for 2026, driven by inflation and new product introductions [63][66] - Free cash flow conversion is projected to be high, with expectations of reaching the high nineties percentage [231] Strategic Initiatives Separation and Focus - The separation of Honeywell into more focused entities is believed to enhance operational efficiency and strategic clarity [22][32] - The company is transitioning to a pure-play automation company, which is expected to yield better growth opportunities [32][80] New Product Introductions (NPI) - New product development is a key growth strategy across all segments, with a focus on building automation and industrial automation [36][46] - The company is investing in R&D and customer co-creation to enhance its product offerings [46] Quantum Computing and AI Integration - Honeywell's quantum computing business, Quantinuum, is gaining traction with significant advancements in hardware and customer interest [98][135] - The integration of AI with quantum computing is seen as a major opportunity for future growth [127][131] Challenges and Risks - The company faces challenges related to inflation, supply chain constraints, and geopolitical factors affecting global operations [233][234] - The demand for catalysts is not linear and can lead to lumpiness in revenue, particularly in the process technology segment [188][190] Conclusion - Honeywell is positioned for growth in 2026, with strong demand in key sectors and a focus on innovation and strategic separation. The company is actively managing challenges related to inflation and supply chain while leveraging new technologies like quantum computing and AI to enhance its offerings and market position.

Emerson Electric (NYSE:EMR) 2026 Conference February 18, 2026 08:50 AM ET Company ParticipantsLal Karsanbhai - President and CEOMichael Baughman - EVP and CFOModeratorWe're gonna get started again. We are really excited to have Emerson with us today. We've got Lal Karsanbhai, who's the President and CEO of Emerson, and Mike Baughman, who is the CFO. Lal, as I walk over to you, it's been a year since you closed the acquisition of the remaining shares of AspenTech, almost a year. And I know you had a vision, ...

Group 1 - Citi's 2026 Global Industrial Tech and Mobility Conference features over 160 companies, highlighting the significance of the event in the industry [1] - Rockwell Automation is a key participant and has been a consistent presence at the conference, indicating its importance in the industrial technology sector [1][2] - The conference is led by Andrew Kaplowitz, a multi-industry and E&C analyst at Citi Group, showcasing the expertise behind the event [1]

Rockwell Automation (NYSE:ROK) 2026 Conference February 17, 2026 08:00 AM ET Company ParticipantsAndrew Kaplowitz - Managing Director and U.S. Industrial Sector HeadBlake Moret - Chairman and CEOMatheus Bulho - SVP of Software and ControlConference Call ParticipantsNone - AnalystAndrew KaplowitzWelcome to Citi's 2026 Global Industrial Tech & Mobility Conference. I think we've got a great slate for you. We've got over 160 companies this year. I'm Andy Kaplowitz, Citigroup's Multi-Industry and Industrial Anal ...

Rockwell Automation, Inc. (ROK), headquartered in Milwaukee, Wisconsin, provides industrial automation and digital transformation solutions. Valued at $44.3 billion by market cap, the company offers products such as control systems, motor control devices, sensors, and industrial control panels. Shares of this largest pure-play automation company have outperformed the broader market over the past year. ROK has gained 32.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 11. ...