Honeywell International Inc. (HON) shares rallied 3.7% in the last trading session to close at $236. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.6% loss over the past four weeks.Shares of Honeywell rallied as the company announced that it has been actively following its business transformation strategy that aims to unlock values for its shareholders. The company recently declared that it has made signif ...

Key TakeawaysHoneywell's latest update on its ongoing portfolio review noted the company was considering spinning off its aerospace business.Honeywell explained that it was considering "transformational changes" in the firm.Activist investor Elliott Investment Management, which holds a more than $5 billion stake and has called for a shakeup of the company, said it welcomed the statement. Honeywell International (HON) shares advanced Monday as the conglomerate issued an update on its portfolio review begun ...

Industrial conglomerate Honeywell International Inc (NASDAQ:HON) said it is considering selling its aerospace unit, and expects an update in January after the release of its fourth-quarter earnings results.In response, HON was last seen 1.8% higher at $231.60. The equity is keeping well above $224, a level that it gapped above in early November after activist investor Elliot Investment Management revealed a more than $5 billion stake in Honeywell and initially floated the idea of breaking the company up. Fo ...

核心观点 - Elliott Investment Management对Honeywell International Inc.宣布的战略替代方案审查表示欢迎，特别是对Aerospace业务的分拆 [2] 公司动态 - Honeywell正在进行战略替代方案的审查，包括分拆Aerospace业务 [2] - Elliott认为Honeywell的资产组合转型是正确的方向，并期待审查的完成和支持Honeywell实施必要的步骤以实现其全部价值 [2] 公司背景 - Elliott Investment Management管理着约697亿美元资产，成立于1977年，是持续管理时间最长的基金之一 [3] - Elliott的投资者包括养老金计划、主权财富基金、捐赠基金、基金会、基金中的基金、高净值个人和家庭以及公司员工 [3]

CHARLOTTE, N.C., Dec. 16, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today that its Board of Directors continues the comprehensive business portfolio evaluation launched earlier this year by Chairman and CEO Vimal Kapur to explore additional strategic alternatives for unlocking shareholder value, including the potential separation of its Aerospace business. The Board has made significant progress to date, and Honeywell plans to provide an update with its fourth quarter 2024 earnings release. "Si ...

25-year contract anchored by Honeywell Forge Enterprise Performance Management software Construction of Victoria's first all-electric hospital supports state's progress to achieving net zero by 2050MELBOURNE, Australia, Dec. 4, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) has been selected as the building automation provider for the new Melton Hospital, a 274-bed facility that will be Victoria's first fully electric hospital. Honeywell will help provide comprehensive management for building automation syst ...

CHARLOTTE, N.C., Nov. 26, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced an update to the company's participation at the upcoming Goldman Sachs Industrials and Materials Conference.Vimal Kapur, Chairman and Chief Executive Officer of Honeywell, will present instead of Billal Hammoud, President and Chief Executive Officer of Honeywell Building Automation, at the Goldman Sachs Industrials and Materials Conference in New York City on Thursday, December 5, 2024, from 8:00 a.m. - 8:35 a.m. EST.A re ...

Sale enables Honeywell to further simplify and optimize its businesses in alignment with three powerful megatrends: automation, the future of aviation and energy transition Positions Honeywell to continue to deliver profitable growth and strong cash generation, creating compelling long-term value for shareowners.CHARLOTTE, N.C., Nov. 22, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today that it has agreed to sell its Personal Protective Equipment (PPE) business to Protective Industrial Products ...

核心观点 - 由于Honeywell公司估值和前景更好 认为其股票目前比3M公司股票更值得选择[1] 股票表现比较 - Honeywell股票从2021年1月初的195美元上涨到现在的约230美元 涨幅20% 3M股票从125美元涨到130美元 变化不大 同期标准普尔500指数上涨55%[2] - Honeywell股票2021年回报率为0% 2022年为5% 2023年为0% 3M股票分别为5% -30% -3% 标准普尔500指数2021年回报率为27% 2022年为 -19% 2023年为24%[3] 营收增长比较 - Honeywell公司2020 - 2023年营收从326亿美元增长到367亿美元 年均增长率4% 3M公司从322亿美元增长到327亿美元 年均增长率0.7%[5] - Honeywell公司营收按四个板块报告 2023年航空航天 建筑技术 高性能材料和技术 安全和生产力解决方案分别占总销售额的37% 16% 32% 15% 航空航天和建筑技术销售额稳步上升 安全和生产力解决方案业务受仓库自动化市场疲软影响 近期销售增长主要由航空航天板块推动[6] - 3M公司2021年因新冠疫情口罩和个人防护设备需求大增销售额飙升 但2021 - 2023年销售额下降约8% 其他业务受供应链中断 高通胀 美元走强和经济增长放缓影响 其消费业务也面临逆风[7] - Honeywell公司2024年第三季度营收97亿美元 同比增长6% 航空航天增长12% 建筑自动化增长14% 部分被工业自动化销售额下降5%抵消 调整后每股收益2.58美元 较上年同期的2.38美元高出8% 3M公司2024年第三季度营收增长0.4%至63亿美元 运输和电子部门销售额下降1.5% 安全与工业收入增长0.5% 消费部门销售额下降1.2% 净利润1.98美元 同比增长18%[8] - 预计Honeywell公司未来三年销售额将以高个位数的年均增长率上升 3M公司未来几年将以低个位数的平均增长率增长[9] 盈利能力比较 - Honeywell公司营业利润率从2020年的20.4%略微上升到2023年的20.6% 3M公司从21.5%下降到 -27.6% 3M公司报告的营业利润率受诉讼和解影响显著 调整后2023年营业利润率为20.3%[10] - 过去12个月Honeywell公司营业利润率20.9%略高于3M公司的19%[11] 财务风险比较 - 3M公司债务占权益的20%略低于Honeywell公司的21% 现金占资产的18%高于Honeywell公司的15% 3M公司债务状况更好 现金缓冲更多[12] 综合比较 - Honeywell公司营收增长更好 更盈利 债务状况较好 3M公司现金缓冲更多 估值倍数相对较低 考虑到Honeywell公司未来三年预期营收增长更高以及与历史平均水平相比估值更好 认为Honeywell是两者中更好的选择[13] - Honeywell股票当前价格228美元 预期每股收益10.19美元 市盈率22倍 略低于过去五年平均市盈率24倍 3M股票当前价格128美元 2024年预期每股收益7.28美元 市盈率18倍 高于过去五年平均市盈率16倍[14] - 3M公司估值倍数略有上升是合理的 但近期消费者情绪疲软可能继续影响其业绩 而Honeywell公司商业航空售后市场业务需求强劲[15]

Honeywell International Inc. (HON) has been benefiting from strength in its commercial aviation aftermarket business, driven by solid demand in the air transport and business aviation markets. In the third quarter of 2024, its commercial aviation aftermarket sales increased 8% year over year. Also, solid momentum in the commercial aviation original equipment business, backed by an improvement in build rates and an increase in air transport hours, has been favorable. In the third quarter, sales from this bus ...