Honeywell Intl Inc Stock Price, News & Analysis

Honeywell (NASDAQ: HON) announced it will host its 2025 Paris Air Show Investor Reception in Paris, France on June 15, 2025. The event will feature presentations from CEO Vimal Kapur and Aerospace Technologies CEO Jim Currier, starting at 2:00 p.m. CEST. A live audio webcast will be available on Honeywell's investor website, with materials posted before the presentation and a 30-day replay available afterward. The company operates across multiple industries, focusing on three key megatrends: automation, future of aviation, and energy transition, supported by their Honeywell Accelerator operating system and Honeywell Forge IoT platform.

Honeywell (NASDAQ: HON) has appointed Marc Steinberg, a Partner at Elliott Investment Management, to its Board of Directors as an independent Director and Audit Committee member, effective May 31, 2025. Steinberg, who brings extensive financial expertise in capital markets, corporate finance, and M&A, currently serves on the boards of Etsy, Pinterest, and other companies. The appointment comes as Honeywell prepares for a significant portfolio transformation that will separate the company into three independent entities.

As one of Honeywell's largest investors, Elliott Investment Management, through Steinberg, will partner with CEO Vimal Kapur and the Board to execute this separation strategy, which aims to drive operational improvements and create significant shareholder value. Steinberg, a Harvard College graduate, previously worked at Centerview Partners before joining Elliott in 2015.

Protective Industrial Products (PIP) has completed the acquisition of Honeywell's (NASDAQ: HON) Personal Protective Equipment Business. The acquisition adds renowned brands like Fendall, Fibre-Metal, Howard Leight, KCL, Miller, Morning Pride, North, Oliver, and Salisbury to PIP's portfolio. This strategic move expands PIP's head-to-toe protection offering, covering worker safety, electrical safety, hearing protection, head protection, respiratory, fall protection, eye protection, footwear, first aid, and first responder equipment. The deal significantly enhances PIP's global presence, extending its manufacturing and distribution footprint to approximately 50 countries. Michael Garceau, President of the acquired PPE business, will continue leading the business and report to PIP's President and CEO, Curt Holtz. PIP is a portfolio company of Odyssey Investment Partners.

Honeywell (NASDAQ: HON) has completed the sale of its Personal Protective Equipment (PPE) business to Protective Industrial Products (PIP) for $1.325 billion in an all-cash transaction. This divestiture follows Honeywell's strategic portfolio optimization efforts, including its previous exit from the PPE space with the 2021 sale of its Footwear Business to Rocky Brands.

The company has recently announced several strategic moves, including the planned separation of its Aerospace Technologies business and the spin-off of Advanced Materials. Since December 2023, Honeywell has executed $13.5 billion in acquisitions, including purchases from Carrier Global, Civitanavi Systems, CAES Systems, Air Products, and planned acquisitions of Sundyne and Johnson Matthey's Catalyst Technologies Business.

Honeywell (NASDAQ: HON) has announced the acquisition of Johnson Matthey's Catalyst Technologies business for £1.8 billion in an all-cash deal, valued at approximately 11x estimated 2025 EBITDA. The acquisition will integrate with Honeywell's Energy and Sustainability Solutions (ESS) business segment, expanding its UOP business portfolio and installed base across refining and petrochemical catalysts. The deal will enable Honeywell to offer comprehensive solutions for lower emission fuels, including sustainable methanol, aviation fuel, blue hydrogen, and ammonia. Johnson Matthey's Catalyst Technologies has 1,900 employees and operates in the U.S., Europe, and India. The acquisition is expected to be accretive to earnings in the first year and close by 1H 2026. This move is part of Honeywell's broader strategic initiatives, which include $11 billion in recent acquisitions and planned spin-offs of its Aerospace Technologies and Advanced Materials businesses.

Vertical Aerospace (NYSE: EVTL) and Honeywell (NASDAQ: HON) have expanded their partnership to advance the certification and production of the VX4 eVTOL aircraft. The expanded collaboration, with a potential $1 billion contract value over the next decade, focuses on certifying two critical systems: the aircraft management system (including Honeywell Anthem Flight deck) and the flight controls system. These systems will be certified to the highest safety standard of 10-9, equivalent to commercial airliners. Vertical has also selected Honeywell's new inceptors for the VX4's production version, enhancing pilot control and safety. The company aims to certify the VX4 by 2028 and deliver at least 150 aircraft by 2030 as part of its Flightpath 2030 strategy. This builds upon their six-year relationship, with Honeywell being an investor in Vertical since 2021.

Honeywell (NASDAQ: HON) has announced its participation in three major investor conferences in May 2025. CFO Mike Stepniak will present at Bank of America's Industrials Conference on May 13, while Billal Hammoud, President of Building Automation, will speak at Wolfe Research's Transportation Conference on May 20. Dave Shilliday from Advanced Air Mobility will present virtually at Jefferies' eVTOL Summit on May 28.

The company, which focuses on automation, aviation future, and energy transition, will provide real-time audio webcasts of all presentations through their investor relations website. Presentation materials will be available beforehand, with replays accessible for 30 days post-event.

Honeywell's latest AI in the Energy Industry survey reveals that 91% of U.S. energy executives believe artificial intelligence can enhance energy security. The study, surveying 300 industry decision-makers, shows 85% are already using or piloting AI solutions.

With global energy demand projected to rise 32% by 2050 and electricity demand increasing 75%, the survey highlights key AI applications: cybersecurity (57%), predictive maintenance (52%), and operational efficiency (44%). While only 12% currently consider AI critical to operations, 81% expect it to become vital within five years.

The survey also found 53% of respondents use AI to address labor shortages and enhance workplace safety, while 36% employ it for routine task automation. Notably, 94% of participants are either working with or considering AI solution providers, indicating strong industry momentum toward AI adoption.

Honeywell reported strong Q1 2025 results, with sales reaching $9.8 billion, representing 8% reported growth and 4% organic growth. The company's earnings per share hit $2.22, while adjusted earnings per share reached $2.51, exceeding guidance by 26 cents.

Key highlights include:

• Backlog increased 8% excluding acquisitions
• Deployed $2.9 billion in capital for share repurchases, dividends, and capital expenditures
• Announced $2.2 billion acquisition of Sundyne
• Operating margin at 20.1%, segment margin steady at 23.0%

The company maintained its full-year organic growth guidance of 2-5% and raised adjusted earnings per share guidance to $10.20-$10.50. Honeywell is proceeding with planned separations, aiming to split into three public companies by second half of 2026, covering Advanced Materials, Automation, and Aerospace businesses.