The acquisition of Sundyne is expected to bolster HON's Energy and Sustainability Solutions business.
Honeywell International Inc has unveiled a multi-billion dollar deal to buy pump-maker Sundyne in an effort to bolster its energy business ahead of a planned split. Sundyne, which makes engineered pumps and gas compressors, would be bought from private equity firm Warburg Pincus for $2.16 billion in cash, Honeywell said on Tuesday.
Conglomerate adds pump-maker business to its Energy and Sustainability Solutions (ESS) unit.
Honeywell International is closing in on a nearly $2.2 billion deal to buy pump-maker Sundyne from private-equity firm Warburg Pincus, the Wall Street Journal reported on Tuesday.
Honeywell (HON 0.83%) is a $130 billion market cap industrial Goliath. It operates businesses that span from automation to aerospace to advanced materials.
Honeywell International Inc. (HON) concluded the recent trading session at $212.89, signifying a +0.29% move from its prior day's close.
Honeywell's planned business split simplifies valuation, potentially unlocking significant shareholder value, similar to GE's successful restructuring. HON's core segments, aerospace and automation, are both expected to experience strong growth. The Company's forward P/E ratio of 20.48x is below its historical range of 22–30x, suggesting potential undervaluation.
Investors may buy stocks for any number of reasons, but when it comes to Honeywell International (HON 0.28%), there's one reason in particular that looks like a good argument for adding it to your portfolio now. However, it might not be the one many investors expect as the conglomerate moves toward a breakup into three separate companies.
Earlier this month, industrial conglomerate Honeywell International (HON 1.33%) announced plans to break itself up into three stand-alone publicly traded entities. But if it was hoping to reignite investor excitement, it hasn't worked.
Honeywell International Inc (NASDAQ:HON ) Barclays 42nd Annual Industrial Select Conference February 19, 2025 7:30 AM ET Company Participants Vimal Kapur - Chairman and Chief Executive Officer Conference Call Participants Julian Mitchell - Barclays Julian Mitchell Great. Good morning, everyone.
Honeywell International Inc. (NASDAQ:HON ) Citi Global Industrial Tech and Mobility Results Conference February 18, 2025 8:00 AM ET Company Participants Vimal Kapur - Chairman and Chief Executive Officer Conference Call Participants Andrew Kaplowitz - Citigroup Andrew Kaplowitz We're going to get started again. I introduced the conference at 07:10, but that's a bit early, so I'll introduce the conference again.
Honeywell International (HON -1.23%) is finally breaking up. The rationale for the breakup makes perfect sense, and it could release a lot of value for investors.