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Honeywell International, Inc. - HON STOCK NEWS

Welcome to our dedicated page for Honeywell International news (Ticker: HON), a resource for investors and traders seeking the latest updates and insights on Honeywell International stock.

Honeywell International Inc. (NASDAQ: HON) is a leading American multinational conglomerate headquartered in Charlotte, North Carolina. The company operates across four main sectors: Aerospace, Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. Established in 1885, Honeywell has evolved into a global giant known for its innovative and diverse range of products and services.

Aerospace: Honeywell's aerospace segment provides advanced avionics, aircraft engines, and related systems. A recent highlight includes the acquisition of Civitanavi Systems S.p.A., enhancing Honeywell's capabilities in autonomous operations for aircraft and other vehicles.

Building Technologies: This division focuses on integrated automation solutions for buildings, including fire, security, and energy-efficient systems. The recent purchase of Carrier Global Corporation's security business, Global Access Solutions, further strengthens its portfolio in this sector.

Performance Materials and Technologies: This segment offers high-performance materials, process technologies, and automation solutions. Honeywell's innovative hydrocracking technology is now being used to produce sustainable aviation fuel (SAF), significantly reducing carbon emissions.

Safety and Productivity Solutions: Honeywell provides productivity-enhancing software, including its newly updated Guided Work Solutions, which now integrates AI and machine learning to improve retail operations. The company’s Battery Manufacturing Excellence Platform (Battery MXP) is another AI-powered solution aimed at optimizing gigafactory operations.

Honeywell's financial performance remains robust, with steady sales growth and a strong balance sheet. Recent quarterly results show a year-over-year sales increase of 3%, driven by growth in its Aerospace and Energy and Sustainability Solutions segments. The company is actively embracing three major trends: automation, the future of aviation, and energy transition, supported by its Honeywell Accelerator operating system and Honeywell Connected Enterprise software platform.

News

HISENSE SELECTS HONEYWELL TO MAKE HOME AIR CONDITIONERS SUSTAINABLE

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Hisense partners with Honeywell to integrate Solstice refrigerant technology, reducing environmental impact. Honeywell's Solstice 454B offers high performance with low global warming potential. The move aligns with global efforts to phase out high-GWP refrigerants.
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HONEYWELL ANNOUNCES QUARTERLY DIVIDEND

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Honeywell (HON) declares a quarterly dividend of $1.08 per share, payable on March 15, 2024, to shareholders of record on March 1, 2024. The company focuses on automation, aviation, and energy transition, offering solutions through Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions segments.
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HONEYWELL ANNOUNCES PARTICIPATION AT UPCOMING INVESTOR CONFERENCES

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Honeywell (NASDAQ: HON) announces its participation at upcoming investor conferences in the first quarter of 2024. The company's CEO and CFO will be presenting at multiple conferences, providing real-time webcasts of the presentations, and discussing the company's alignment with powerful industry megatrends. Honeywell is a trusted partner, offering actionable solutions and innovations for a smarter, safer, and more sustainable world.
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HONEYWELL AND HAWKS PARTNER TO HELP IMPROVE BUILDING SUSTAINABILITY EFFORTS AT STATE FARM ARENA

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Honeywell (HON) has become the Official Sustainable Building Technology Partner for the Atlanta Hawks and State Farm Arena, implementing high-tech upgrades to decrease energy consumption and emissions while increasing visibility and control of the indoor environment. The partnership includes the installation of new building management systems and specialized sensors to monitor air quality. Honeywell will also collaborate with the Atlanta Hawks to develop a community engagement program offering STEM and Sustainability Education to metro Atlanta schools.
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HONEYWELL TO INVEST $84 MILLION IN EXPANSION OF KANSAS AEROSPACE MANUFACTURING FACILITY

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Honeywell (HON) plans to invest $84 million to expand its Olathe manufacturing facility in Kansas, generating nearly $47 million in total gross domestic product (GDP) and contributing $18.3 million to state and local taxes in the first six years. The project is expected to create 156 new jobs at the facility, supporting more than 200 jobs in other sectors of the Kansas economy. The expansion aims to develop a strong domestic supply chain for next-generation avionics and printed circuit board assemblies, creating one of Honeywell's most technologically advanced aerospace manufacturing facilities.
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HONEYWELL ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS; ISSUES 2024 GUIDANCE

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Honeywell (HON) reported fourth-quarter earnings per share of $1.91 and adjusted earnings per share of $2.60, with sales up 3% and organic sales up 2%. Full-year operating cash flow was $5.3 billion and free cash flow was $4.3 billion, at the high end of previous guidance. The company expects 2024 adjusted earnings per share of $9.80 - $10.10, up 7% - 10%. Vimal Kapur to become Chairman of the Board, and a new independent Lead Director announced. The company's outlook for 2024 includes sales of $38.1 billion to $38.9 billion, representing year-over-year organic growth of 4% to 6%.
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Honeywell Elects Vimal Kapur as Chairman and William S. Ayer as Independent Lead Director

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Honeywell announces CEO Vimal Kapur will take on the additional role of chairman upon the retirement of executive chairman Darius Adamczyk in June 2024. William S. Ayer will succeed D. Scott Davis as independent lead director starting May 2024. The company expresses confidence in Kapur's leadership and strategic vision for Honeywell's growth plans, capital deployment, and operational excellence.
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HONEYWELL ANNUAL SHAREOWNERS MEETING SET FOR MAY 14

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Honeywell (HON) will hold its 2024 Annual Shareowners Meeting virtually on May 14, 2024, allowing shareowners to vote. The meeting will be held online at http://www.virtualshareholdermeeting.com/HON2024.
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Acelen Renewables Selects Honeywell for SAF and Renewable Diesel Fuel Production

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Honeywell has announced that Acelen Renewables has selected its Ecofining™ technology to produce sustainable aviation fuel and renewable diesel in Brazil. This marks the 50th site to license Honeywell's renewable fuels technology. The use of SAF can reduce greenhouse gas emissions by up to 80% compared to conventional fossil fuels. Honeywell has seen increasing demand for renewable fuels technologies, in line with international decarbonization efforts. Acelen Renewables aims to produce one billion liters of Renewable Diesel and Sustainable Aviation Kerosene per year from 2026 onwards.
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HONEYWELL TRANSFORMS BUILDING MANAGEMENT WITH FIRST-OF-ITS-KIND TECHNOLOGY

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Honeywell (NASDAQ: HON) launched Advance Control for Buildings, a platform with advanced cybersecurity, faster network speeds, and innovative technology to address building managers' concerns. The platform aims to automate building management and enhance energy efficiency, aligning with Honeywell's plans to realign its business with automation and energy transition megatrends. The company also announced strategic alliances with NXP Semiconductors N.V. (NASDAQ: NXPI) and Analog Devices, Inc. (NASDAQ: ADI) to streamline the transition to intelligent edge processing.
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FAQ

What is the current stock price of Honeywell International (HON)?

The current stock price of Honeywell International (HON) is $228.99 as of November 15, 2024.

What is the market cap of Honeywell International (HON)?

The market cap of Honeywell International (HON) is approximately 133.1B.

What are Honeywell's main business segments?

Honeywell operates in four main segments: Aerospace, Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions.

Where is Honeywell headquartered?

Honeywell International Inc. is headquartered in Charlotte, North Carolina.

What recent acquisitions has Honeywell made?

Honeywell recently acquired Civitanavi Systems S.p.A. to enhance its autonomous operations capabilities and Carrier Global Corporation's Global Access Solutions business to boost its security solutions portfolio.

How is Honeywell contributing to sustainable aviation fuel?

Honeywell's hydrocracking technology is used to produce sustainable aviation fuel (SAF) with significantly reduced carbon intensity compared to traditional fossil-based jet fuels.

What innovations are Honeywell implementing in retail operations?

Honeywell has updated its Guided Work Solutions with AI-driven speech technology to improve operational efficiency and customer experiences in retail.

What financial performance did Honeywell report recently?

Honeywell reported a 3% year-over-year sales growth in the latest quarter, with strong performance in Aerospace and Energy and Sustainability Solutions.

What are the key trends Honeywell is focusing on?

Honeywell is aligning its portfolio with three major trends: automation, the future of aviation, and energy transition.

What is Honeywell Forge?

Honeywell Forge is an enterprise performance management software solution that leverages Honeywell's expertise in various industries like buildings and airlines.

What is the Honeywell Accelerator operating system?

The Honeywell Accelerator is an operating system designed to enhance business processes and support Honeywell's growth in automation, aviation, and energy transitions.

How is Honeywell addressing battery manufacturing challenges?

Honeywell's Battery Manufacturing Excellence Platform (Battery MXP) uses AI to optimize gigafactory operations, improve battery cell yields, and reduce material scrap rates.

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Honeywell International, Inc.

Nasdaq:HON

HON Rankings

#95 Ranked by Market Cap
#1392 Ranked by Dividends

HON Stock Data

133.07B
650.25M
0.09%
80.79%
1.23%
Conglomerates
Aircraft Engines & Engine Parts
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