Movement Alert｜Honeywell Intraday Rise 3.47%, Industrial AI Platform Momentum and Raised Outlook Remain in Focus

Market Focus11-09

On November 9, Honeywell rose 3.47% in Regular Trading, trading at $227.43, with turnover of $54.5141 million.

The move coincided with continued market focus on Honeywell's Forge Plant Cognition industrial AI platform and the company's recently raised full-year earnings outlook.

Honeywell launched Forge Plant Cognition with Nvidia and Dell Technologies, and the platform has been deployed at Dangote's Lekki refinery in Nigeria. The company said the offering is designed for refining, petrochemical and liquefied natural gas operators, and estimated it could generate more than $60 million in annual gross benefit for the refinery at full-capacity throughput. Separately, Honeywell reported third-quarter adjusted EPS of $2.27, above the $2.17 consensus, and raised full-year adjusted EPS guidance to $8.40 to $8.45 from $8.05 to $8.35, reinforcing attention on its industrial software and automation growth profile.

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