DIRS.INFO The most relevant business & tech news

☆ 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's stock decline on light sales, conservative guidance is a buy. Here's why
▼ + stars: | 2024-02-01 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

While earnings, profit margins, and cash flow came in slightly ahead of expectations, sales were light across the board. Segment margin , similar to an adjusted operating income margin, grew 64 basis points to 23.5%, slightly ahead of expectations and ahead of the high-end of management's previous forecast. Segment margin performance was largely better than expected, with the exception of Building Technologies, and cash flow generation came in solidly above expectations. Where they landed on guidance both in terms of sales and margin performance, and therefore earnings, hinges on the short-cycle recovery. Full-year segment margin guidance of 23.15% at the midpoint was higher than estimates.

Persons: Jim Cramer's, Jim Cramer, Jim Organizations: Honeywell, Revenue, Aerospace, Technologies, Solutions, Carrier Global, Materials, Technology, Productivity Solutions, Services, Aerospace Technologies, Industrial Automation, Energy, Sustainability Solutions, Industrial, CNBC, Getty Locations: U.S, UOP, buybacks

☆ 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

☆ Coal 'should not be written off completely today' in clean energy transition: Honeywell UOP
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoal 'should not be written off completely today' in clean energy transition: Honeywell UOPKen West, CEO of Honeywell UOP, how the company's technologies are helping facilitate the clean energy transition.

Persons: Ken West Organizations: Honeywell, Honeywell UOP

☆ We're giving Honeywell a new rating after shares tank on mixed quarterly results
▼ + stars: | 2023-07-27 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Shares of Honeywell (HON) fell Thursday after the industrial conglomerate reported disappointing second-quarter earnings and forward guidance. The segment margin, similar to an adjusted operating income margin, expanded 158 basis points year over year to 22.4%, edging out analysts' forecasts of a 22.3% margin. Quarterly results Along with strong numbers for its aerospace division, management said the outlook is the strongest its ever been. Though the safety and productivity solutions business remains pressured, we are pleased to see significant improvement in segment margin, even if it came in below expectations. Guidance On a full-year basis, these targets (see chart) represent slight increases at the midpoint, as the lower-end forecasts for sales, segment margin, and earnings were all upwardly revised.

Persons: —, we've, Jim Cramer's, Jim Cramer, Jim, Alwyn Scott Organizations: Honeywell, Revenue, Refinitiv, Management, CNBC, Honeywell Aerospace Locations: Phoenix

Caterpillar shares turn around CAT YTD mountain Caterpillar YTD Dow component Caterpillar delivered a blowout first quarter. Caterpillar revenue in Q1 increased 16.7% year over year to $15.86 billion, exceeding estimates of $15.26 billion, according to Refinitiv. Better-than-expected operating margin of 17% was so strong, due mostly to manufacturing costs that were not as high as expected as well as higher prices. Bottom Line on CAT This was a very strong quarter from Caterpillar as business continues to benefit from pricing power that outweighs costs. Even with oil down in the quarter, Caterpillar continues to see a lot of activity and strength in new engine sales to customers.

☆ What to watch for when 9 Club holdings report earnings on Thursday
▼ + stars: | 2023-01-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +11 min

So far, earnings season has been mixed — we've seen some strong results from Club holdings Morgan Stanley (MS) and Halliburton (HAL). Projected revenue: $4.58 billion Projected EPS: $1.30 Conference call at 9:30 a.m. Projected revenue: $7.33 billion Projected EPS: $1.81 Conference call at 10 a.m. Projected revenue: $9.26 billion Projected EPS: $2.51 Conference call at 8:30 a.m. Projected revenue: $121.19 billion Projected EPS: $1.94 Conference call at 5 p.m.

☆ 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.

☆ Honeywell is well-positioned to capitalize on pockets of strength in the economy
▼ + stars: | 2022-12-06 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Aerospace well positioned Honeywell's aerospace division — which supplies parts to plane makers Boeing (BA) and European rival Airbus — falls on the positive end of the economic spectrum. Warehouse automation weaker While Honeywell's warehouse automation business saw growth in the first two years of the Covid pandemic, it's been hurt by the shift in consumer spending toward services, away from goods. The change in how dollars are being spent has led to challenges for retailers and, by extension, softened demand for Honeywell's warehouse automation offerings. "We look at the other end like warehouse automation, which is really tied to retail growth and products and distribution. This means that revenue growth may decline year-over-year, but each dollar of warehouse automation sales could be more profitable in 2023 than in 2022.

☆ Here are Thursday's biggest analyst calls: Apple, Amazon, Tesla, Chipotle, Capital One, United & more
▼ + stars: | 2022-12-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley downgrades Capital One and Ally Financial to underweight from equal weight Morgan Stanley said in its downgrade of Capital One and Ally Financial that it sees "significant risk" for both stocks. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by it's overweight rating on Tesla but is concerned 2023 could be a disappointing year in general for electric vehicles. Morgan Stanley initiates Vizio as equal weight Morgan Stanley said it's concerned the television tech company lacks scale to keep up with bigger competitors. Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said it's standing by shares of Salesforce after the company's disappointing earnings report on Wednesday. Morgan Stanley reiterates Snowflake as overweight Morgan Stanley said investors should stick with shares of Snowflake for the long-term after its earnings report on Wednesday.

Wall Street analysts put four Club holdings — Apple (AAPL), Amazon (AMZN), Procter & Gamble (PG) and Honeywell (HON) — under the microscope Tuesday. Club take: We continue to see Amazon's cloud business as the industry leader that repeatedly outperforms peers. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . Analysts have been debating the demand for Apple's iPhone 14 models amid a backdrop of rampant inflation, rising interest rates and fears of a global recession.

☆ Honeywell deftly navigates economic pressures to deliver Q3 earnings beat
▼ + stars: | 2022-10-27 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Profit margins expanded in every operating segment, operating cash flow was better than expected and Honeywell's adjusted free cash flow conversion ratio came in at 124%. Segment Q3 results Aerospace Sales rose 9% year-over-year, to $2.98 billion, ahead of the $2.92 billion predicted by analysts. The segment margin climbed 40 basis points on an annual basis, to 27.5%. Organic sales growth was up 19% compared with the same period last year. The overall segment margin is expected to come in between 22.8% and 23.2%, versus a 22.9% consensus estimate.

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.

☆ Honeywell gets a well-deserved stock boost on terrific quarter, adequate guide
▼ + stars: | 2022-07-28 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Revenue at Honeywell rose 4% year over year organically to $9 billion for the quarter, exceeding expectations of $8.68 billion. However, full-year guidance was in-line to better-than-expected, with management raising its estimated midpoint for organic sales growth, adjusted earnings per share and segment margins. Honeywell generated operating cash flow of $789 million and free cash flow of $843 million, versus expectations of $892 million and $572 million, respectively. Starting with the third quarter, management forecasts sales of $8.9 billion to $9.2 billion, versus expectations of $9.14 billion. Full-year free cash flow guidance was unchanged at between $4.7 billion and $5.1 billion versus a $4.91 billion consensus.

Search resuls for: "UOP"

15 mentions found