Kevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to explain why he's buying more Honeywell.
Melton Hospital selects HON to manage its building automation systems and enhance energy efficiency.
Honeywell International Inc. (NASDAQ:HON ) Goldman Sachs Industrials and Materials Conference December 5, 2024 8:00 AM ET Company Participants Vimal Kapur - Chairman and Chief Executive Officer Conference Call Participants Joe Ritchie - Goldman Sachs Joe Ritchie Alright. Good morning, everybody and welcome to day two of the Industrials and Materials Conference.
Honeywell said on Friday it would sell its personal protective equipment business to Protective Industrial Products for about $1.33 billion in cash.
Given its better valuation and prospects, we believe Honeywell stock (NYSE: HON) is currently a better pick than its sector peer, 3M stock (NYSE: MMM). HON stock trades at 22x forward expected earnings, versus 18x for MMM, and we think that this gap in valuation multiple will likely remain in favor of Honeywell, given its better revenue growth and profitability.
HON is poised to benefit from strength in its Aerospace Technologies unit, acquired assets and shareholder-friendly policies.
Honeywell's potential breakup, driven by Elliott Management, could unlock 40%-64% shareholder value by separating aerospace and automation segments. Aerospace strength positions Honeywell for multi-decade growth, boosted by high-margin aftermarket sales and rising commercial and defense demand. Execution risks exist, including management cooperation and delays, while the current P/E ratio of 22.7x appears stretched without spin-off progress.
Honeywell International Inc (NASDAQ:HON ) Baird Global Industrials Conference November 12, 2024 8:20 AM ET Company Participants Ken West - President and CEO, Energy and Sustainability Solutions Conference Call Participants Peter Arment - Baird Peter Arment Okay. Good morning, everyone.
'Mad Money' host Jim Cramer takes a look at activist's investment action.
Activist investor Elliott Investment Management has taken a more than $5 billion stake in Honeywell International Inc (NYSE:HON, ETR:ALD) and is pushing for the industrial giant to split up its aerospace and automation businesses. In a letter to the company's board on Tuesday, Elliott said Honeywell would benefit from a simplified structure and a separation could create two sector leaders that could perform better and benefit customers, employees and shareholders.