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☆ We're trimming our position in an industrial stock with an uncertain growth outlook
▼ + stars: | 2024-11-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following the trade, Jim Cramer's Charitable Trust will own 400 shares of HON, decreasing its weighting to roughly 2.5% from 3.05%. Due to the growth uncertainties that lie ahead, we want to lighten up on our Honeywell position into Tuesday's strength. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, hasn't, CRWD, BLK, DOV, ETN, Jim Cramer, Jim Organizations: Honeywell, Wolfe Research, CrowdStrike, DuPont, CNBC Locations: BlackRock, Dover, Eaton

☆ M&A environment is improving, says Honeywell Aerospace CEO
▼ + stars: | 2024-07-22 | 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 EmailM&A environment is improving, says Honeywell Aerospace CEOJim Currier, Honeywell Aerospace CEO, discusses M&A and how the firm is developing technology in the defense and aerospace industries.

Persons: Jim Currier Organizations: Honeywell, Honeywell Aerospace

☆ How 2 executives found success in Puerto Rico's booming business landscape
▼ + stars: | 2024-04-09 | by ( Sponsor Post | Sponsored Invest Puerto Rico | ) www.businessinsider.com time to read: +5 min

In 2023, more than 550 businesses and nearly 6,000 new job opportunities were established on the island, according to Invest Puerto Rico. More than ever, Puerto Rico is positioned to host entrepreneurs and executives considering establishing or expanding their business presence. When González cofounded the tech consultancy firm Wovenware in 2003, Puerto Rico's tech scene was virtually nonexistent. Fast forward two decades since its founding, and Wovenware stands as a testament to Puerto Rico's vibrant tech ecosystem, having grown into a key player. Learn more about establishing yourself in Puerto Rico's business landscape.

Persons: Luis Ramos, Christian González, González, might've, Ramos, it's, — Organizations: Invest, Honeywell Aerospace, Puerto, Puerto Rico, University of Puerto, Polytechnic University of Puerto Rico, Honeywell, González, Workers, Insider Studios Locations: Puerto Rico, Invest Puerto Rico, Puerto Rican, Puerto, University of Puerto Rico, Aguadilla, Puerto Rico's

☆ Chip stocks soar — plus, this lagging industrial is due for a catch-up trade
▼ + stars: | 2024-03-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. In fact, about half of the S & P 500's industrial stocks have hit records high since the start of 2024. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Powell, Jerome Powell, Jim, Shrugging, Eli Lilly, It's, Lilly, Cramer, Linde, TJ Maxx, we'll, Jim Cramer's, Alwyn Scott Organizations: CNBC, Federal, Qualcomm, Broadcom, Nvidia, Arm Holdings, Devices, Novo Nordisk, Club, Palo Alto, Palo, Honeywell, Aerospace, Berenberg, Eaton Corp, Burlington Stores, Marshalls, TJX Companies, Costco, Marvell Technology, Inc, Bloomberg, Jim Cramer's Charitable, Honeywell Aerospace Locations: cybersecurity, America, Phoenix

☆ AUKUS agreement is 'very well aligned' with Honeywell’s capabilities: Executive
▼ + stars: | 2024-02-23 | 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 EmailAUKUS agreement is 'very well aligned' with Honeywell’s capabilities: ExecutiveJohn Guasto of Honeywell Aerospace expects a "very strong" partnership between the company and the three companies in AUKUS - Australia, the United Kingdom and the United States.

Persons: John Guasto Organizations: Honeywell Aerospace Locations: AUKUS, Australia, United Kingdom, United States

☆ Bezos' Blue Origin sees third executive departure amid restructuring
▼ + stars: | 2023-10-20 | by ( Joey Roulette | ) www.reuters.com time to read: +3 min

Eilola's departure follows plans announced last month by Bezos to replace Smith, who has been Blue Origin's CEO since 2017, with longtime Amazon executive Dave Limp by the end of the year. Blue Origin did not respond to a request for comment. Bezos founded Blue Origin in 2000 with the vision of having millions of people living and working in space. In the past several months, Blue Origin's corporate structure has changed substantially as its leadership gets a revamp. Blue Origin this year also spun its moon lander program into a new independent business unit.

Persons: Jeff Bezos's, Ivan Pierre Aguirre, Origin's, Jeff Bezos, Bob Smith, Mike Eilola, Bezos, Smith, Dave Limp, Brent Sherwood, Shepard, Limp, Joey Roulette, Will Dunham Organizations: Shepard, REUTERS, Rights, Reuters, Elon, SpaceX, Blue, Amazon, Honeywell Aerospace, Glenn, NASA, Space Systems, Thomson Locations: Van Horn , Texas, U.S, United States

☆ Honeywell sees steady demand for business jets over the next decade
▼ + stars: | 2023-10-16 | by ( Shivansh Tiwary | ) www.reuters.com time to read: +2 min

A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsOct 15 (Reuters) - Global demand for new business jets is expected to stay strong over the next decade, Honeywell (HON.O) said on Sunday, as the engine maker projected deliveries of about 8,500 new planes through 2033. Private aviation witnessed a surge in newcomers, both in users and buyers, after the COVID-19 pandemic lifted demand for private flying as the wealthy took control of their travel. The flight activity is anticipated to stabilize in 2024 and grow in 2025, according to Honeywell. New users in business aviation have also increased demand by 500 aircraft and 6% more flights over the next 10 years.

Persons: Denis Balibouse, Heath Patrick, Shivansh, Shilpi Majumdar Organizations: Honeywell, European Business Aviation Convention, REUTERS, Global Business Aviation, Private, Bombardier, General Dynamics, Gulfstream, Honeywell Aerospace, Thomson Locations: Geneva, Switzerland, Americas, Bengaluru

As part of a recent slate of diversified purchases, we're adding to our position in industrial giant Honeywell on the assumption that the new CEO, Vimal Kapur, is in the process of scrutinizing the company to unlock value . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Vimal Kapur, Kapur, Morgan Stanley Laguna, Jim Cramer, Jim, Alwyn Scott Organizations: Honeywell International, Honeywell, Morgan, industrials, Electric, GE, RTX Corp, CNBC, Honeywell Aerospace Locations: oversold, Phoenix

☆ Bezos's Blue Origin names former Amazon executive as CEO -internal email
▼ + stars: | 2023-09-25 | by ( Joey Roulette | ) www.reuters.com time to read: +3 min

REUTERS/Joe Skipper/File photo Acquire Licensing RightsSept 25 (Reuters) - The chief executive officer of Jeff Bezos's space company Blue Origin, Bob Smith, will step down at the end of the year to be replaced by former Amazon executive Dave Limp, who ran products such as Kindle, according to emails seen by Reuters. Limp, a former senior vice president at Amazon who led the company's consumer devices unit, will become Blue Origin's CEO on Dec. 4, an email from Bezos, Blue Origin's founder, said. "Jeff and I have been discussing my plan for months," Smith told employees in an email sent Monday. He added he would remain with the company until Jan. 2 "to ensure a smooth transition with the new CEO." Limp, a more than 13-year veteran of Amazon, had overseen some of Amazon's well-known consumer devices, such as Echo products.

Persons: Jeff Bezos, Blue, Bob Smith, Bezos, Joe Skipper, Jeff Bezos's, Dave Limp, Jeff, Smith, Limp, Elon, New Glenn, Joey Roulette, Pooja Desai, Sonali Paul Organizations: Billionaire, Blue Origin's, REUTERS, Amazon, Reuters, Blue, SpaceX's, NASA, Honeywell Aerospace, SpaceX, Boeing, Lockheed, United Launch Alliance, Thomson Locations: Van Horn , Texas, U.S, New

We're buying 25 shares of Honeywell (HON), at roughly $188 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 505 shares of HON, increasing its weighting in the portfolio to 3.3% from 3.14%. Honeywell's largest segment aerospace had a strong quarter with organic sales up 16% year-over-year and margin expansion of 120 basis points. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim Cramer, Jim, Alwyn Scott Organizations: Honeywell, Cub, Caterpillar, Technologies, Solutions, JPMorgan, CAT, CNBC, Honeywell Aerospace Locations: Phoenix

We're buying 25 shares of Honeywell (HON), at roughly $193.20 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 480 shares of HON, increasing its weighting in the portfolio to 3.17% from 3.01%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. An aircraft engine is being tested at Honeywell Aerospace in Phoenix.

Persons: Jim Cramer's, Jim Cramer, Jim, Alwyn Scott Organizations: Honeywell, CNBC, Honeywell Aerospace Locations: Phoenix

☆ 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

☆ This industrial stock is getting a trim as stocks rally on weaker inflation data
▼ + stars: | 2023-07-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

We are selling 60 shares of Honeywell (HON) at roughly $208.97. Following the trade, Jim Cramer's Charitable Trust will own 455 shares of HON, decreasing its weighting in the portfolio to 3.35% from 3.77%. We are making a small trim of our Honeywell (HON) position into Wednesday's rally, bringing our cash position up to roughly 10%. We are therefore downgrading our rating on HON shares to a 2. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim Cramer, Jim, Alwyn Scott Organizations: Honeywell, Reserve, CNBC, Honeywell Aerospace Locations: Phoenix

☆ Honeywell to acquire heads-up display assets from Sweden's Saab
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

June 28 (Reuters) - U.S. conglomerate Honeywell (HON.O) said on Wednesday it had agreed to acquire Swedish aerospace firm Saab's (SAABb.ST) heads-up display (HUD) assets to strengthen its avionics unit. The HUDs will be integrated into aircraft cockpit systems, adding features such as wide field-of-view, high image resolution, low system latency and lower weight. The HUD system helps pilots with increased situational awareness, especially at night or in difficult weather conditions. "Heads-up displays have been known to reduce pilot workload, increase situational awareness, improve access to airports with enhanced flight vision system and safety," said Vipul Gupta, general manager, avionics, Honeywell Aerospace. Reporting by Pratyush Thakur in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Vipul Gupta, Pratyush Thakur, Shilpi Majumdar Organizations: Honeywell, Boeing, Airbus, Honeywell Aerospace, Thomson Locations: Swedish, Bengaluru

Higher costs and a shortage of available new parts are also delaying aircraft repairs, which risk pushing up air fares. Some makers of brand-name parts like General Electric Co (GE.N) stand to benefit because they also sell used parts, known as used serviceable material. Honeywell Aerospace Trading (HON.O), the U.S. conglomerate's used parts business, is among companies enjoying higher demand since 2021. Ultimately, the alternatives to new parts may bring relief but a congested supply chain must be fixed, said Benjamin Hockenberg, president of JSSI Parts & Leasing. "Certain models, certain situations, (used parts) will fill the void, but I think we also need to see a repaired supply chain," said Hockenberg.

MONTREAL, April 5 (Reuters) - Honeywell International (HON.O) on Wednesday will announce a first deal for its most powerful generator, which would power a European-Canadian startup's hybrid electric cargo airship. Multiple startups are working on electric or hybrid aircraft to meet aviation's long-term climate goals. Flying Whales would use four generators per airship. The French parent company Flying Whales SAS and its Quebec based subsidiary have raised 162 million euros ($177.57 million) over three financing rounds. The first flight of the LCA60T airship in France is expected in late 2025 with entry into service planned for 2027, Flying Whales said.

☆ Honeywell reported a challenging Q4, but the industrial giant's fundamentals remain strong
▼ + stars: | 2023-02-02 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Industrial conglomerate Honeywell International (HON) on Thursday reported suboptimal fourth-quarter results, sending shares lower in midday trading. However, we remain confident in the Club holding's management team and would see any further weakness as a potential buying opportunity. Supportive of this outlook is strong demand in Honeywell's aerospace division, where growth has been held back on the supply side. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. An aircraft engine is being tested at Honeywell Aerospace in Phoenix.

☆ UBS gets it wrong on Honeywell, Emerson Club holdings are prepared
▼ + stars: | 2023-01-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Wall Street Wednesday turned sour on industrial conglomerates Honeywell (HON) and Emerson Electric (EMR) . UBS double-downgraded Honeywell to sell from buy, while reducing the stock's price target to $193 a share from $220. "These are precisely the stocks you need to be in because they are not as cyclical as people think," Jim said of Honeywell and Emerson during the "Morning Meeting." The Club take Our industrial holdings, Honeywell and Emerson Electric, have seen a positive run lately, outperforming the market — a testament to their strength heading into a deepening slowdown. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Core holding Honeywell is a recession-resilient industrial for 2023, Bank of America says
▼ + stars: | 2022-12-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Club holding Honeywell (HON) is a diversified industrial giant that's well-positioned to weather a potential recession in the U.S. next year, according to Bank of America. Bank of America on Monday chose Honeywell as one of 7 top industrial picks for 2023, calling the conglomerate a "top-tier operator." "The company has strong pricing power... and has offset supply chain shortages and Russia-related headwinds," BofA analysts wrote in a research note. We also see its product volume improving as supply chain disruptions ease. An aircraft engine is being tested at Honeywell Aerospace in Phoenix.

☆ 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?

☆ 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.

☆ 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.

We're buying 50 shares of Honeywell International (HON) at roughly $188.29 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 625 shares of HON, increasing its weighting to 4.06% from 3.75%. From an end market perspective, about 65% of the company's sales are focused on late cycle end markets like commercial aviation, defense, oil & gas, and nonresidential construction. We believe these end markets are less likely to have material earnings revision risks and better positioned to weather a softening macro environment. With this buy, we're repurchasing the full 25 shares we sold at around $198 in late-March plus an additional 25.

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