HON
Honeywell International Inc
Industrial/Transportation, TMT
11/29/2016
Presented
| Date | 11/21/2016 |
| Price | $112.21 |
| Market Cap | $86.90B |
| Ent Value | $99.90B |
| P/E Ratio | 17.75x |
| Book Value | $25.18 |
| Div Yield | 0.02% |
| Shares O/S | 774.40M |
| Ave Daily Vol | 3,608,718 |
| Short Int | 0.85% |
Current
| Price | $217.27 |
| Market Cap | $141.15B |
| Honeywell International, Inc. is a diversified technology and manufacturing company. It offers aerospace products and services; turbochargers; control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation. The company operates its business through three segments: Aerospace; Automation and Control Solutions; and Performance Materials and Technologies. The Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors. This segment also manufactures turbochargers for passenger cars and commercial vehicles. The Aerospace segment's products and services include auxiliary power units, propulsion engines, environmental control systems, connectivity, electric power systems, engine controls, flight safety, communications, navigation, radar and surveillance systems, aircraft lighting, management and technical services, logistics services, advanced systems and instruments, aircraft wheels and brakes, repair and overhaul services, turbochargers and thermal systems. The Automation and Control Solutions segment provides products, software and technologies for environmental and energy solutions; sensors, switches and controls for sensing and productivity solutions; security and fire safety products; industrial safety products; and building solutions and services for homes, commercial buildings and industrial facilities. This segment's also offers software and products for high performance data collection, including rugged mobile computers and printers, bar code scanners and voice technologies; and installation, maintenance and upgrades of systems that keep buildings safe, comfortable and productive. The Performance Materials and Technologies segment develops and manufactures advanced materials, process technologies and automation solutions. Its process technology and products include catalysts and adsorbents, equipment and consulting services to produce gasoline, diesel, jet fuel, petrochemicals and renewable fuels for the petroleum refining, gas processing and petrochemical industries. This segment also manufactures variety of high-performance products, including fluorocarbons, hydrofluoroolefins, caprolactam, resins, ammonium sulfate fertilizer, phenol, specialty films, waxes, additives, advanced fibers, customized research chemicals and intermediates, and electronic materials and chemicals. Honeywell International was founded by Albert M. Butz in 1885 and is headquartered in Morris Plains, NJ. |
Publicly traded companies mentioned herein: B/E Aerospace Inc (BEAV), Honeywell International Inc (HON), Rockwell Collins Inc (COL)
Highlights
The presenter is long shares of Honeywell (HON), viewing recent weakness in the stock as a buying opportunity since he is expecting earnings accretion from capital deployment as well as reductions in corporate tax rates. By the presenter’s model, 2018 EPS could come in at ~$9.00, versus ~$7.70 Street estimates. With the current market multiple of 16.5x, HON shares would appreciate to $150 from $112 today.
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