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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.

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Honeywell and Recipharm have announced a commercial partnership to develop pressurized metered dose inhalers (pMDIs) with near-zero global warming potential (GWP) propellant. The partnership aims to reduce the environmental impact of respiratory care and accelerate the transition to lower greenhouse gas inhalers. Honeywell's Solstice Air, a hydrofluoroolefin (HFO) propellant, has 99.9% less GWP than current propellants and is non-flammable and non-ozone-depleting. The collaboration will simplify the development of low greenhouse gas pMDIs and expand Recipharm's manufacturing capabilities.
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Honeywell (Nasdaq: HON) reveals that nearly 6 in 10 retailers plan to adopt AI, machine learning, and computer vision technologies within the next year to enhance the shopping experience. The survey involved 1,000 retail directors across the United States, Europe, the Middle East, and Africa.
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Honeywell (Nasdaq: HON) expands Honeywell Forge Sustainability+ for Industrials | Emissions Management software to help companies measure and monitor direct and indirect greenhouse gas emissions, addressing global efforts in decarbonizing the power sector and incentivized by the Inflation Reduction Act in the U.S.
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Honeywell announces a quarterly dividend payment of $1.03 per share on its common stock, payable on September 1, 2023. The dividend will be paid out of surplus to holders of record on August 11, 2023.
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Honeywell (NASDAQ: HON) announced second-quarter sales of $9.1 billion, with organic sales up 3% and operating cash flow up 72%. Earnings per share were $2.22, and adjusted earnings per share were $2.23. Aerospace sales were up 15%, with a backlog at a record level of $30.5 billion.
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Honeywell (NASDAQ: HON) - 86% of global companies plan to increase sustainability investments, with budget increases in energy evolution, emissions reduction, pollution prevention, and recycling. 80% of Manufacturing and Energy companies prioritize sustainability. The 3Q 2023 Environmental Sustainability Index by Honeywell and The Futurum Group reveals growing sustainability investment despite economic uncertainty.
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Chemours and Honeywell collaborate with Greek authorities to stop illegal F-gas refrigerants from entering the EU. 15.6 tons of unauthorized refrigerants were seized and will be destroyed. Efforts aim to protect intellectual property and prevent illegal trade of HFCs.
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Honeywell announced its agreement to acquire SCADAfence, a leading provider of operational technology and IoT cybersecurity solutions. The acquisition will expand Honeywell's OT cybersecurity portfolio and strengthen its capabilities in asset discovery, threat detection, and security governance. The OT cybersecurity industry is expected to grow to over $10 billion in the next few years. The transaction is expected to close in the second half of 2023.
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Honeywell has exited the Savannah River Nuclear Solutions joint venture through the sale of its membership interests to partners Fluor and Huntington Ingalls. The company believes that Fluor and Huntington Ingalls will continue to deliver long-term value to the Savannah River Site. Honeywell remains committed to partnering with the Department of Energy on opportunities aligned with its core capabilities and strategic objectives.
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FAQ

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

The current stock price of Honeywell International (HON) is $228.85 as of November 18, 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.

Honeywell International, Inc.

Nasdaq:HON

HON Rankings

HON Stock Data

133.07B
650.25M
0.09%
80.79%
1.23%
Conglomerates
Aircraft Engines & Engine Parts
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United States of America
CHARLOTTE