Honeywell International Considers Divesting Aerospace Business

Zacks12-17 22:11

Honeywell International Inc. HON has been actively following its business transformation strategy that aims to unlock values for its shareholders. The company recently announced that it has made ...

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HON has been actively following its business transformation strategy that aims to unlock values for its shareholders. The company recently announced that it has made ...</p>\n\n<a href=\"https://finance.yahoo.com/news/honeywell-international-considers-divesting-aerospace-141100687.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0368265418.SGD","symbol_name":"Blackrock World Energy Fund A2 SGD-H","start_time":0,"source_url":"https://finance.yahoo.com/news/honeywell-international-considers-divesting-aerospace-141100687.html","article_id":"2492969768","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/pMcKbQHwP7R5Q0isLlxtrg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/35bb427ea1feef0da07a74969f06c57e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492969768","pubTimestamp":1734444660,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Honeywell currently carries a Zacks Rank #3 . The company is benefiting from strength in its commercial aviation aftermarket business, driven by solid demand in the air transport and business aviation markets.In the past year, HON stock has gained 15% against the industry’s 9% decline.However, it has been witnessing weakness in the warehouse and workflow solutions businesses due to lower demand for projects, which has been affecting the Industrial Automation segment's performance.Some better-ranked companies are discussed below.Federal Signal Corporation FSS presently carries a Zacks Rank #2 . You can see the complete list of today’s Zacks #1 Rank  stocks here.FSS delivered a trailing four-quarter average earnings surprise of 11.8%. In the past 60 days, the Zacks Consensus Estimate for Federal Signal’s 2024 earnings has increased 3.1%.Zurn Elkay Wat","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00B64QTZ34.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) ACC","LU2065731478.USD":"ALLSPRING (LUX) WORLDWIDE FUND - SMALL CAP INNOVA \"I\" (USD) ACC","BK4585":"ETF&股票定投概念","IE00B29SXL02.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) INC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","BK4144":"石油与天然气的储存和运输","LNG":"Cheniere Energy Inc","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","IE00B29SXK94.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) ACC","BK4149":"建筑机械与重型卡车","LU0122376428.USD":"贝莱德世界能源基金A2","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","ZWS":"Zurn Water Solutions","BK4534":"瑞士信贷持仓","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU2449327464.USD":"HSBC GIF GLOBAL INFRASTRUCTURE EQUITY \"AC\" (USD) ACC","HON":"霍尼韦尔","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4550":"红杉资本持仓","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","BK4602":"量子计算概念","BK4206":"工业集团企业","RBC":"RBC轴承","BK4161":"工业机械","BK4588":"碎股","LU0788109394.HKD":"BGF WORLD ENERGY \"A2\" (HKDHGD) ACC","RRX":"Regal Rexnord","IE00BLDYK493.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) INC","LU0251142724.SGD":"Fidelity America A-SGD","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","BK4086":"建筑产品","FSS":"联邦信号"},"translate_title":"霍尼韦尔国际考虑剥离航空航天业务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LNG":1,"ZWS":1,"RBC":1,"HON":1,"FSS":1,"RRX":0.9},"content_text":"Honeywell International Inc. HON has been actively following its business transformation strategy that aims to unlock values for its shareholders. The company recently announced that it has made significant progress on the possible spinoff of its Aerospace business. It will provide an update on the same when it reports its fourth-quarter 2024 earnings.In October 2023, HON declared its plan to realign its business segments to three megatrends, which are automation, the future of aviation and energy transition. The company believes that its realignment plan will enable it to optimize its business portfolio and deliver sustained growth.Honeywell has announced several strategic actions over the past year to boost its organic growth and simplify its business portfolio. This includes some acquisitions made by the company, which have strengthened its business. In October 2024, it acquired Civitanavi Systems S.p.A. for about €200 million ($217 million) to boost its portfolio of aerospace navigation solutions. In September 2024, it acquired CAES Systems Holdings, which will augment its defense technology offerings across various domains, including land, sea, air and space.Also, in the same month, the company acquired Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion. The inclusion of LNG process technology and the equipment business’ expertise in in-house design and manufacturing of coil-wound heat exchangers and related equipment portfolio will boost Honeywell’s energy transition portfolio. This apart, in June 2024, the company acquired Carrier’s Global Access Solutions business for an all-cash deal of $4.95 billion. The buyout of Global Access Solutions will enable HON to expand its security products portfolio and boost its building automation segment.As part of its business portfolio transformation strategy, it also plans to divest its Advanced Materials business and entered into a deal to spin off its Personal Protective Equipment unit.\nHON’s Zacks Rank & Price Performance\nHoneywell currently carries a Zacks Rank #3 (Hold). The company is benefiting from strength in its commercial aviation aftermarket business, driven by solid demand in the air transport and business aviation markets.\nImage Source: Zacks Investment Research\nIn the past year, HON stock has gained 15% against the industry’s 9% decline.However, it has been witnessing weakness in the warehouse and workflow solutions businesses due to lower demand for projects, which has been affecting the Industrial Automation segment's performance.\nStocks to Consider\nSome better-ranked companies are discussed below.Federal Signal Corporation FSS presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.FSS delivered a trailing four-quarter average earnings surprise of 11.8%. In the past 60 days, the Zacks Consensus Estimate for Federal Signal’s 2024 earnings has increased 3.1%.Zurn Elkay Water Solutions Corporation ZWS presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 8.5%.In the past 60 days, the consensus estimate for ZWS’ 2024 earnings has increased 2.5%.RBC Bearings Incorporated RBC presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 2.5%.In the past 60 days, the consensus estimate for RBC’s fiscal 2025 earnings has increased 0.5%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nHoneywell International Inc. (HON) : Free Stock Analysis Report\nRBC Bearings Incorporated (RBC) : Free Stock Analysis Report\nFederal Signal Corporation (FSS) : Free Stock Analysis Report\nZurn Elkay Water Solutions Cor (ZWS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492969768"}