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☆ We're lowering our Honeywell price target after earnings. The risk-reward is still favorable
▼ + stars: | 2024-04-25 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Honeywell shares are under pressure Thursday, despite the industrial conglomerate exceeding expectations for first-quarter sales and earnings. The culprits: Softer guidance for the current quarter and some uncertainty about a recovery in some of its key businesses. Honeywell Why we own it: Honeywell is a provider of industrial technology solutions to companies in various industries. Building automation was down year over year as growth in the longer-cycle solutions business was offset by continued weakness in the shorter-cycle products business. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.

Persons: it's, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Honeywell, Revenue, Emerson, Aerospace, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: management's, UOP, New York

☆ Honeywell dinged for doing too many things — here's how it gets back on track
▼ + stars: | 2024-04-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Wall Street analysts on Monday issued a bearish call on Club holding Honeywell International , citing its lagging stock performance and sluggish growth prospects. We're hopeful management can get the company back on track by reshaping its massive portfolio of far-flung businesses. The analysts said investor concerns about subpar organic growth in Honeywell's massive portfolio have caused the stock to underperform its peers. Jim Cramer has acknowledged Honeywell's lackluster performance and urged CEO Vimal Kapur to reshape the company's portfolio. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.

Persons: Jim Cramer, Vimal Kapur, Jim, That's, Kapur, we've, GEHC, Jim Cramer's, Michael Nagle Organizations: Honeywell, Deutsche Bank, GE Healthcare Technologies, General Electric, GEHC, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Micron, Honeywell, Boeing, Snowflake, Zoom, Best Buy and more
▼ + stars: | 2024-03-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Deutsche Bank reiterates Charles Schwab as buy Deutsche Bank raised its price target on the stock to $77 per share from $75. UBS reiterates Boeing as buy UBS said the risks are already priced in for Boeing shares. Loop reiterates Best Buy as buy Loop said the electronics giant is a "stealth housing play." UBS reiterates Micron as buy UBS said it is standing by its buy rating on the stock heading into earnings on Wednesday. UBS upgrades Cognex to buy from neutral UBS said the systems software company is "high quality growth at a discount."

Persons: Goldman Sachs, Charles Schwab, Bernstein, –, Redburn, Cooper, Jefferies, ZM, Mizuho, Baird, KeyBanc, Raymond James, Morgan Stanley, Stephens, Guggenheim, Wells, Wells Fargo Organizations: Nvidia, Deutsche Bank, Northern Trust Deutsche Bank, Northern Trust, Apple, Google, Barclays, Cooper Companies, Citi, Honeywell, Honeywell International Inc, Union Pacific Corp, Mizuho, UBS, Boeing, Micron, TEAM, Logistics, Industries, JPMorgan, Systems, Bank of America, Avis Budget, OW, Equity, Accenture, Starbucks Locations: Snowflake, 2H24E, Truist

☆ Why Honeywell's big acquisition could bolster its stock
▼ + stars: | 2023-12-08 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Honeywell International is putting cash to work with a big acquisition in the security space. The all-cash deal is Honeywell's largest acquisition in eight years, and one that should bolster its struggling building technologies division . By acquiring Carrier's Global Access Solutions unit — which manufactures products like electronic locks, video monitoring apps and fire alarms — Honeywell is setting itself up to benefit from growing demand for safety and access solutions. "You will never see a roll back in safety and security," Jim said during an interview with Honeywell CEO Vimal Kapur on Friday. A host of new data centers, drug manufacturing plants and semiconductor fabrication plants will require digital access solutions and robust security options.

Persons: Jim Cramer, Jim, Vimal Kapur, Kapur, Jim Friday, management's, Jefferies, Jim Cramer's, Michael Nagle Organizations: Honeywell, Carrier, Technologies, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: U.S, New York

☆ We're changing our Honeywell price target after a mixed quarter and conservative guidance
▼ + stars: | 2023-10-26 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

HON YTD mountain Honeywell YTD Unfortunately, Honeywell hit a 52-week low in Thursday's terrible market. Moreover, guidance for the remainder of the year was mixed: Sales are expected to be better than we thought. Honeywell repurchased 5.3 million shares during the quarter, more than double the amount purchased in the second quarter. Additionally, for both the full year and the current quarter, earnings performance is being suppressed by pension liabilities. Qualitatively, continued volatility is expected but management believes they can deliver further growth, margin expansion, and cash growth "in line or above EPS growth."

Persons: We're, it's, we'll, Vimal, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Honeywell, Revenue, LSEG, Management, Commercial Aviation, Defense, Aero, mangement's, Aerospace Technologies, Industrial Automation, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York

☆ Jim Cramer says investors betting against Honeywell have it all wrong. Here's why
▼ + stars: | 2023-10-10 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York. CNBC's Jim Cramer on Tuesday cheered Honeywell International 's (HON) guidance affirmation, which came alongside an announcement that the industrial conglomerate would be restructuring its business. People feel it's lost its way," Cramer said on "Squawk on the Street." Honeywell's stock has declined roughly 13% year to date, underperforming the overall S&P 500 and the industrials sector. Correction: This story has been updated to reflect the correct spelling of Honeywell CEO Vimal Kapur's last name.

Persons: Vimal Kapur, Cramer, CNBC's Jim Cramer, it's, You've, Jim Cramer's, Kapur, Darius Adamczyk, Vimal Kapur's Organizations: Honeywell, Inc, New York Stock Exchange, Cramer's Charitable Trust, CNBC, Club, Emerson Electric, Caterpillar Locations: New York, Cramer's

[1/3] An Air France aircraft, operated with sustainable aviation fuel (SAF) produced by TotalEnergies, is refueled before its first flight from Nice to Paris at Nice airport, France, October 1, 2021. Sustainable aviation fuel, or SAF, is typically made using biomass-based feedstocks such as soybean oil and used cooking oil. Honeywell said its process can reduce greenhouse gas emissions by 88% compared with traditional petroleum-based jet fuel. SAF is typically two to four times costlier than petroleum-based jet fuel. The United States produces around 24.7 billion gallons of petroleum-based jet fuel annually.

☆ Global Executives Say Greenwashing Remains Rife
▼ + stars: | 2023-04-13 | by ( Rochelle Toplensky | ) www.wsj.com time to read: +4 min

Most global executives think greenwashing is widespread in their industry, and despite customers becoming more vocal about preferring sustainable brands, many companies are cutting corners on their environmental, social and corporate governance initiatives. PREVIEWThe risk of greenwashing is increasing with crackdowns on overstated green claims on both sides of the Atlantic. Despite that threat, the figures are consistent with last year’s findings: Nearly 60% say their own organization is overstating its sustainability methods. Nearly three-quarters of executives said they want to advance sustainability efforts but don’t actually know how to go about doing it. Most executives surveyed—85%—said customers and clients are becoming more vocal about their preference for engaging with sustainable brands.

☆ Honeywell company veteran Kapur to replace Adamczyk as CEO
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +1 min

He has held several key positions in the company, including CEO of its building technologies as well as performance materials and technologies units. Kapur also oversees the company's operating model, Honeywell Accelerator, which uses various tools, processes and best practices to improve efficiency. Adamczyk, who has been Honeywell's CEO since 2017, will continue to serve as executive chairman and draw a base salary of $1.3 million, the company said in a regulatory filing. Kapur's base salary as CEO will be $1.5 million, Honeywell said. They have risen 61% since Adamczyk became CEO.

☆ United Airlines Creates Fund for Sustainable Aviation Fuel
▼ + stars: | 2023-02-21 | by ( Amrith Ramkumar | ) www.wsj.com time to read: 1 min

United Airlines has been one of the most aggressive airlines in acting on climate change. United Airlines Holdings Inc. is launching a fund backed by several big-name aerospace and financial companies to invest in startups aiming to produce sustainable aviation fuel, in one of the largest efforts yet to lower emissions from air travel. Created through United’s venture investing arm, the new fund will start with more than $100 million from the company and partners including Air Canada , Boeing Co., JPMorgan Chase & Co., Honeywell International Inc. and General Electric Co., United said Tuesday.

☆ Many Companies Boost Sustainability Budgets Despite Economic Uncertainty
▼ + stars: | 2023-01-31 | by ( Dieter Holger | ) www.wsj.com time to read: +3 min

Some companies are boosting their environmental budgets this year despite worries about the health of the global economy. More than 70% of companies say they are increasing sustainability spending over the next 12 months, while only around 2% are planning to reduce it, according to a recent survey of businesses worldwide. Honeywell International Inc., in collaboration with Futurum Research, last quarter surveyed 753 global business leaders involved in their company’s environmental initiatives for its quarterly Honeywell Environmental Sustainability Index published on Tuesday. Optimism among business leaders about meeting 2030 sustainability goals increased around 11% from last quarter. “Every passing year, the economic feasibility of every technology is only going to get better.”Write to Dieter Holger at dieter.holger@wsj.com

Dec 19 (Reuters) - U.S.-based manufacturer Honeywell International Inc (HON.O) on Monday said it has agreed to pay about $200 million to settle criminal and civil corruption investigations in the United States and Brazil. Those bribes involved Monaco-based oil consultancy Unaoil, which has previously been charged by global authorities over a 17-year scheme to pay bribes to officials in nine countries. About $160 million of the total amount Honeywell said it will pay will go to pay U.S. civil and criminal penalties. Later on Monday, Brazil's government confirmed Honeywell's statement by saying the company would pay about 638 million reais ($120 million) to settle the case, with around 70% destined for Petrobras. Honeywell agreed to pay another $81 million civil penalty to resolve the SEC's charges, though almost half is expected to be offset by payments made to Brazilian authorities, the SEC said.

☆ Honeywell agrees to pay more than $81 million to settle SEC charges of bribery
▼ + stars: | 2022-12-19 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: 1 min

Companies Honeywell International Inc FollowDec 19 (Reuters) - Honeywell International Inc (HON.O) has agreed to pay more than $81 million to settle charges of bribery schemes in Algeria and Brazil in violation of the Foreign Corrupt Practices Act, the U.S. Securities and Exchange Commission (SEC) announced on Monday. Reporting by Tyler CliffordOur Standards: The Thomson Reuters Trust Principles.

☆ Honeywell to Pay $203 Million in Settlements Over Brazil, Algeria Bribery
▼ + stars: | 2022-12-19 | by ( Dylan Tokar | ) www.wsj.com time to read: +3 min

Honeywell International Inc. will pay nearly $203 million to resolve investigations in the U.S. and Brazil into bribes paid to public officials in Algeria and at Brazil’s state-owned oil company, the company said Monday. The settlements involve UOP, a U.S. subsidiary of Honeywell that manufactures catalysts used to refine oil. Investigations found that UOP had conspired to pay bribes to a former high-level Petróleo Brasileiro SA official to obtain a $425 million oil refinery contract, authorities said. U.S. authorities accused UOP of violating the U.S. Foreign Corrupt Practices Act, and the settlements require Honeywell to make compliance overhauls and file periodic reports. To carry out the bribery scheme in Brazil, UOP retained a sales agent to funnel a $4 million bribe to the unnamed official at Petróleo Brasileiro, prosecutors said.

☆ Honeywell Strikes $203 Million Settlements Over Brazil, Algeria Bribery
▼ + stars: | 2022-12-19 | by ( Dylan Tokar | ) www.wsj.com time to read: +1 min

Honeywell International Inc. will pay nearly $203 million to resolve investigations in the U.S. and Brazil into bribes paid to public officials in Algeria and at Brazil’s state-owned oil company, the company said Monday. The settlements involve UOP, a U.S. subsidiary of Honeywell that manufactures catalysts used to refine oil. Investigations found that UOP had conspired to pay bribes to a former high-level Petróleo Brasileiro SA official to obtain a $425 million oil refinery contract, authorities said. The U.S. Securities and Exchange Commission also found that Honeywell’s Belgian subsidiary had paid bribes to Algerian officials to win business with Algerian state-owned oil company Sonatrach. U.S. authorities accused UOP of violating the U.S. Foreign Corrupt Practices Act, and the settlements require Honeywell to make compliance overhauls and file periodic reports.

Companies Honeywell International Inc FollowDec 19 (Reuters) - Manufacturer Honeywell International Inc. (HON.O) on Monday said it has agreed to pay about $200 million to settle criminal and civil corruption investigations related to bribery schemes in the United States and Brazil. The SEC charges also relate to payments Honeywell's Belgian subsidiary made to an Algerian government official in 2011. Those bribes involved Monaco-based oil consultancy Unaoil, which has previously been charged by global authorities over a 17-year scheme to pay bribes to officials in nine countries. About $160 million of the total amount Honeywell said it will pay will go to U.S. civil and criminal penalties. Honeywell agreed to pay another $81 million civil penalty to resolve the SEC's charges, though almost half is expected to be offset by payments made to Brazilian authorities, the SEC said.

Companies Honeywell International Inc FollowNov 18 (Reuters) - Honeywell International Inc (HON.O) will pay $1.3 billion to end asbestos-related claims stemming from its former unit, the industrial giant said on Friday, helping it reduce its environmental liabilities. Honeywell said the one-time, lump sum payment will have 'limited obligations' to the trust following the completion of the deal. The company's former unit, North American Refractories Company (NARCO), had filed for bankruptcy in 2002 after facing lawsuits over asbestos-related illnesses. Following the bankruptcy, Honeywell set up the compensation trust to resolve billions of dollars worth of asbestos claims. Additionally, the North Carolina-based company reaffirmed its previously announced full-year and fourth-quarter outlook.

☆ More CMOs Are Investing in Their Personal Brands
▼ + stars: | 2022-11-18 | by ( Patrick Coffee | ) www.wsj.com time to read: +8 min

Efforts can include carefully composed LinkedIn posts about everything from corporate leadership to their costumes at the company’s recent Halloween party. Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. “The best way to do that is for them to have their own strong personal brands,” said Ms. Pryor. Other marketing executives are getting help. SHARE YOUR THOUGHTS Should your company’s executives be able to expense ghostwriters for their personal social-media posts?

☆ Private jet makers tout emission-fighting efforts, backlogs at air show
▼ + stars: | 2022-10-17 | by ( Allison Lampert | ) www.reuters.com time to read: +5 min

It will also test the strength of business jet demand, which surged during COVID-19 and swelled order backlogs, but could now face a softer economy. Honeywell International Inc (HON.O) has forecast up to 8,500 new business jet deliveries worth $274 billion from 2023 to 2032, up 15% from last year's outlook. BUSY QUARTERU.S. business jet traffic recovered faster in 2021 than commercial flight traffic, soaring above 2019 levels. Independent aviation analyst Brian Foley expects private jet usage in the United States to go down to more traditional levels this fall. Despite being a sellers' market, aviation attorney Stewart Lapayowker sees some early signs of softness.

☆ Private jet makers tout emissions-fighting efforts, backlogs at air show
▼ + stars: | 2022-10-17 | by ( Allison Lampert | ) www.reuters.com time to read: +4 min

It will also test the strength of business jet demand, which surged during COVID-19 and swelled order backlogs, but could now face a softer economy. BUSY QUARTERU.S. business jet traffic recovered faster in 2021 than commercial flight traffic, soaring above 2019 levels. Independent aviation analyst Brian Foley expects private jet usage in the United States to go down to more traditional levels this fall. Despite being a sellers' market, aviation attorney Stewart Lapayowker sees some early signs of softness. Some buyers in real estate and construction, sectors hit by rising rates, are reconsidering their orders, said Lapayowker, who leads Lapayowker Jet Counsel in Florida.

☆ Honeywell forecasts increase in private jet deliveries over next decade
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +2 min

Oct 16 (Reuters) - Honeywell International Inc (HON.O) on Sunday lifted its outlook for business jet deliveries, as the COVID-19 pandemic brought in a wave of first-time users and buyers in the private flying market. Honeywell forecast up to 8,500 new business jet deliveries worth $274 billion from 2023 to 2032, up 15% from last year's outlook, while the usage in 2022 is expected to climb 9% higher. Private flying demand boomed during the pandemic as wealthier passengers opted for charter planes due to concerns about exposure to the virus. Register now for FREE unlimited access to Reuters.com RegisterPassengers who used to fly first class on a commercial airline have now increasingly switched to private flying. "Demand for new business jets is as high as we've seen it since 2015, and we expect high levels of demand and expenditures for new aircraft for several more years," said Heath Patrick, Honeywell Aerospace president, Americas aftermarket.

REUTERS/Joshua Schneyer/File PhotoOct 14 (Reuters) - Hyundai Motor Co's (005380.KS) air taxi unit has picked aerospace supplier Honeywell International Inc (HON.O) to develop avionics systems for its eVTOL (electric vertical take-off and landing) aircraft, the companies said, ahead of an announcement next week. "We want to see the FAA come out with its set of certification rules, quickly. Honeywell's collaboration with Supernal is its first with an air taxi firm established by an automaker. The company, which is a big supplier to Boeing Co (BA.N) and Airbus SE (AIR.PA), also has investments in other eVTOL firms - Lilium, Vertical Aerospace and Volocopter. The company expects the overall market for air taxis to be about $120 billion per year by 2030, Fymat added.

Companies Honeywell International Inc FollowNEW YORK, Oct 10 (Reuters) - Tech firm Honeywell International Inc (HON.O) will roll out technology that could increase supplies of lower-carbon aviation fuel produced from ethanol, the company said on Monday, as the Biden administration calls for the aviation industry to reduce emissions. Honeywell's technology can increase production efficiency of sustainable aviation fuel (SAF) to lower costs. Oil refiners have been trying to increase production of SAF to try to lower emissions. The new technology would also enable oil refiners and other fuel producers to convert current or idle facilities into SAF production plants, it said. Many producers have chosen to make sustainable aviation fuel from feedstocks with lower carbon-intensity, such as grease and animal fat.

☆ F-35 jet deliveries can resume following waiver for Chinese-origin alloy, Pentagon says
▼ + stars: | 2022-10-08 | by ( Mike Stone | ) www.reuters.com time to read: +1 min

WASHINGTON, Oct 8 (Reuters) - Deliveries can resume for Lockheed Martin Corp's (LMT.N) F-35 jet under a waiver allowing Chinese-origin alloy to go into an engine part, the Pentagon said on Saturday. In September the Pentagon stopped accepting new F-35 jets after it discovered a magnet in the stealthy fighter's engine was made with unauthorized material from China. Lockheed Martin, which manufactures the jets, had said the issue was "related to a magnet on the F-35 Turbomachine manufactured by Honeywell that includes cobalt and samarium alloy." An alternative source for the alloy will be used in future, the Joint Program Office said in its statement. There are other Chinese-origin magnets on the jet that have received waivers from past Pentagon officials.

☆ Printing the future: New factory tech reshapes the U.S. industrial economy
▼ + stars: | 2022-09-21 | by ( Timothy Aeppel | ) www.reuters.com time to read: +6 min

DEVENS, Mass., Sept 21 (Reuters) - The giant machines churning out metal parts on this factory floor do not bang or clang - or make any other noise usually associated with heavy-duty manufacturing. VulcanForms builds metal parts by layering on and fusing together materials bit by bit — rather than cutting them out of blocks of metal or stamping them out in metal foundries. The factory has made everything from medical implants and gun suppressors to tire molds and computer cooling devices. VulcanForms is unique among 3D printing companies in that it builds its own proprietary machines - which it will not sell to other producers - and uses them to make parts for its customers. The company is growing quickly, with plans to double the number of 3D printing machines at the Devens factory by the end of this year.

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