Latest news with #HON
Yahoo
3 days ago
- Business
- Yahoo
Honeywell International Inc. (HON): 'I Think You Buy' It, Says Jim Cramer
We recently published . Honeywell International Inc. (NASDAQ:HON) is one of the stocks Jim Cramer recently discussed. Honeywell International Inc. (NASDAQ:HON) is one of the biggest industrial conglomerates in America. Its shares are flat year-to-date after a major 6% dip in July after the latest earnings results. The shares fell because despite the fact that the firm reported $10.4 billion in sales and $2.75 in EPS to beat analyst estimates of $10.1 billion and $2.66, investors were looking for a robust earnings performance to drive its guidance raise. Here's what Cramer said about Honeywell International Inc. (NASDAQ:HON) after the earnings: 'Okay, so Honeywell is splitting into three different companies. Some people feel that the cash flow is weaker, uh, I don't feel that this is nearly as and. . .I think you buy Honeywell. Only one division was weaker. This was automation. The stock tends to sell off when they report. And then it spends the next three weeks recovering. I think Honeywell is fine. Charitable trust owns it, it's a big win. It will continue to be a big win. This is a major overreaction to something that shouldn't be happening. Right now, shouldn't be happening. Down 15 you buy it. Copyright: zenstock / 123RF Stock Photo '[On guidance raise] Yes that's what matters. And people just always seize at whatever's most negative. They're breaking up into three companies. He's bringing out value. This is very short sighted. Vimal Kapoor doing a great job. Buy the stock. Overreaction to something that's not even negative for heaven's sake. Unbelievable how poorly the stock acts on the day it reports and then it spends the rest of the time, climbing. Buy it.' While we acknowledge the potential of HON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
5 days ago
- Business
- Business Insider
HON Earnings: Honeywell Stock (HON) Sours as Automation Slump Overshadows Earnings Beat
Shares in U.S. technology conglomerate Honeywell International (HON) tumbled today as fears over its automation division overshadowed forecast-busting Q2 earnings. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Aerospace Flies Shares were down over 3% in pre-market trading despite its adjusted earnings coming in at $2.75 a share, up 10% from a year ago and ahead of forecasts of $2.66 a share. Revenue rose 8% to $10.4 billion, also topping forecasts of $10.06 billion. The company's building automation segment was the main performer, with organic sales up 8% and segment profit up 21%, driven by strong demand in fire, security, and building management systems. Aerospace also posted 6% organic growth, driven by double-digit gains in defense, aided by geopolitical concerns and increased spending by governments. The company, which supplies avionics and flight control systems to Boeing (BA) and Airbus (EADSF), has also benefited from rising demand as planemakers ramp up production. Industrial Blues However, its industrial automation segment was flat organically, with warehouse and workflow solutions down 4% and productivity solutions and services off 7% due to weak European demand. This is important as Industrial Automation, as can be seen below, is the company's second largest revenue segment. Investors are also likely to be concerned about operating margin, which narrowed by 30 basis points to 20.4%. That has raised questions about cost control and pricing power amid continued inflation. The company is also spending on acquisitions and digital improvements. After pressure from activist investor Elliott Management, the company in February announced plans to separate its businesses. The company will spin off its aerospace business and retain the automation segment, which will be led by Kapur. Honeywell is reviewing alternatives for its productivity solutions and services unit and the warehouse and workflow solutions division. The company raised its full-year adjusted earnings guidance to $10.45 to $10.65 a share from $10.20 to $10.50 a share, and now expects organic growth of 4% to 5%, up from 2% to 5%. Is HON a Good Stock to Buy Now?
American Press
6 days ago
- Business
- American Press
Trump grants exemptions to Louisiana chemical facilities
(Metro Creative Serivces) President Donald Trump issued a proclamation exempting certain chemical manufacturing facilities from upcoming changes to the EPA's Hazardous Organic National Emission Standards for Hazardous Air Pollutants. The new rule, finalized on May 16, 2024, would impose stricter emissions control requirements on facilities in the synthetic chemical and polymer manufacturing sectors. In his proclamation, President Trump highlighted the 'substantial burdens' that these regulations would impose on chemical manufacturers who are already operating under stringent regulations. The president expressed concerns that many of the testing and monitoring requirements outlined in the HON Rule rely on technologies that are either unavailable, unproven at the required scale, or unsafe to implement under real-world conditions. 'These requirements assume uniform technological availability across facilities, despite significant variation in site conditions, equipment configurations, and permitting realities,' the proclamation reads. 'For many facilities, compliance would require shutdowns or costly capital investments without a clear path to meeting the new standards.' The new HON rule aims to reduce toxic air pollutants from equipment and processes used in synthetic chemical manufacturing. It directly affects facilities across Louisiana, Texas, New Jersey, Delaware, and the Ohio River Valley. The rule targets smog-forming volatile organic compounds and establishes new emission limits for dioxins and furans. Additionally, facilities will be required to implement fenceline monitoring if they handle any of six high-risk chemicals. The facilities in Louisiana granted an exemption from these new regulations include prominent chemical plants such as Shell Geismar, Dow Chemical Glycol Plant, Formosa Plastic, Union Carbide/Dow Chemical in Hahnville, Westlake Vinyl and several others. 'LDEQ leadership was aware that some Louisiana facilities had applied for this exemption, and we were closely monitoring the status,' said Courtney Burdette, Secretary of the Louisiana Department of Environmental Quality. 'We will continue to enforce existing HON rules for these plants, with no changes in how the agency oversees their operations.' The proclamation also stresses the importance of maintaining a robust domestic chemical industry, citing its vital role in national defense, energy, agriculture, and public health sectors. Trump emphasized that a disruption in the industry would weaken key supply chains, increase dependence on foreign producers, and impair the country's crisis response capabilities. The exemption granted to these facilities delays compliance with the HON rule for an additional two years beyond the original deadline. During this period, these facilities will continue to operate under the previous emissions standards.
Globe and Mail
6 days ago
- Business
- Globe and Mail
Honeywell's Q2 Earnings & Revenues Beat Estimates, 25' View Up
Honeywell International Inc. HON reported second-quarter 2025 adjusted earnings of $2.75 per share, which surpassed the Zacks Consensus Estimate of $2.64. The bottom line increased 10% year over year on an adjusted basis. On a reported basis, the company's earnings were $2.45 per share, up 4% year over year. Total revenues of $10.35 billion beat the consensus estimate of $10.02 billion. The top line increased 8% from the year-ago quarter, driven by strength in the Aerospace Technologies segment. Organic sales increased 5% year over year. Honeywell Q2 Performance by Business Segment Beginning in the second quarter of 2024, the company started operating under the segments discussed below. Aerospace Technologies' quarterly revenues were $4.31 billion, up 11% year over year. Organic sales increased 6% year over year. Strength in both commercial aftermarket and defense and space markets, driven by increased flight activity, augmented the top line. Our estimate for the segment's revenues was $4.28 billion. Industrial Automation revenues declined 5% year over year to $2.38 billion. Organic sales were flat year over year. The sales decline was attributable to softness in the warehouse and workflow solutions business, which was partially offset by growth in the sensing and safety technologies business. Our estimate for segmental revenues was pegged at $2.36 billion. Building Automation revenues totaled $1.83 billion, up 16% year over year. Organic sales increased 8% year over year. The upside was driven by ongoing strength in both the building solutions and building products businesses. Our estimate for the segment's revenues was $1.71 billion. Energy and Sustainability Solutions' revenues increased 15% to $1.84 billion. Organic sales rose 6% year over year. The results were driven by strength across UOP, specialty chemicals and materials businesses. However, weakness in the fluorine products business offset the gains. Our estimate for the segment's revenues was $1.63 billion. Costs & Margins of HON The company's total cost of sales (cost of products and services) was about $6.33 billion, up 8.1% year over year. Selling, general and administrative expenses were $1.43 billion, up 4.9%. Interest expenses and other financial charges were $330 million, reflecting an increase of 32% year over year. Operating income was $2.11 billion, up 7% year over year. The operating income margin was 20.4% compared with 20.7% in the year-ago period. HON's Balance Sheet & Cash Flow Exiting second-quarter 2025, Honeywell had cash and cash equivalents of $10.3 billion compared with $10.6 billion at the end of December 2024. Long-term debt was $30.2 billion, higher than $25.5 billion at 2024-end. In the second quarter, it generated net cash of $1.3 billion from operating activities compared with $1.4 billion in the prior-year quarter. Capital expenditure totaled $303 million compared with $259 million in the previous year quarter. Free cash flow in the quarter was $1 billion, down 8.6% from the year-ago quarter's level. Honeywell's 2025 Guidance For 2025, Honeywell expects sales to be in the range of $40.8-$41.3 billion, higher than $39.6-$40.5 billion projected previously. Organic sales are now expected to increase in the range of 4-5% compared with its earlier projection of 2-5%. HON expects a segment margin of 23.0-23.2% compared with 22.6% in 2024. Adjusted earnings per share (EPS) are expected to be between $10.45 and $10.65, higher than $10.20-$10.50 guided earlier. The metric indicates an increase of 6-8% on a year-over-year basis. It continues to expect operating cash flow in the range of $6.7-$7.1 billion. Free cash flow is still expected to be in the band of $5.4-$5.8 billion. HON's Zacks Rank & Key Picks The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Some better-ranked stocks from the same space are discussed below: Huntington Ingalls Industries HII presently sports a Zacks Rank of 1. HII's earnings surpassed the consensus estimate twice and missed in the other two occasions in the trailing four quarters. The average earnings surprise was 4.2%. In the past 60 days, the Zacks Consensus Estimate for Huntington Ingalls' 2025 earnings has increased 0.8%. Howmet Aerospace HWM currently carries a Zacks Rank #2 (Buy). HWM has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 8.8%. In the past 60 days, the Zacks Consensus Estimate for Howmet Aerospace's 2025 earnings has increased 0.9%. ITT Inc. ITT currently carries a Zacks Rank of 2. ITT has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 1.7%. In the past 60 days, the Zacks Consensus Estimate for ITT's 2025 earnings has increased 0.9%. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want 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 Honeywell International Inc. (HON): Free Stock Analysis Report ITT Inc. (ITT): Free Stock Analysis Report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report Howmet Aerospace Inc. (HWM): Free Stock Analysis Report
Business Insider
22-07-2025
- Business
- Business Insider
3 Quantum Computing Stocks with Potential to Beat the Market – 7/21/2025
Quantum computing, though still in its early stages, is expected to be the next big revolution after artificial intelligence (AI). This emerging technology can tackle complex problems more quickly than traditional computers due to its ability to process information using quantum bits (qubits) instead of regular bits. Thus, investing in quantum computing stocks could give long-term investors a chance to benefit from new technology and market growth. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. To find such stocks, take a look at TipRanks' Quantum Computing Stocks page. It allows you to compare stocks based on analyst consensus, price targets, and key technical indicators, among others. Today, we have picked stocks that carry an Outperform Smart Score (i.e., 8, 9, or 10) on TipRanks, which indicates that these stocks have the potential to beat the market. Here are today's top quantum computing stock picks. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio. Honeywell International (HON) – HON leads in trapped-ion quantum systems and has seen progress in error correction and commercial applications. Its global partnerships and cybersecurity tools make it a top contender in building reliable, scalable quantum systems. The stock has earned an analyst consensus of Moderate Buy. Also, HON stock has a Smart Score of nine. IonQ (IONQ) – IonQ recently secured a $1 billion equity investment to scale its systems and expand global reach. Its current platforms, Forte and Forte Enterprise, are delivering 20x performance gains for several key clients. It aims to deliver a 2 million-qubit machine by 2030. Interestingly, IONQ stock has an analyst consensus of Strong Buy and a Smart Score of eight.
