Honeywell’s Valuations Surpass Its Peer’s Valuations
As of August 15, 2017, Honeywell’s one-year forward PE multiple stood at 18.30x—compared to United Technologies’ one-year forward PE multiple of 17.0x.
Among the 19 analysts, 79% of the analysts recommended a “buy” on Honeywell, 21% recommended a “hold,” and none recommended a “sell.”
So far, Honeywell’s investors must be satisfied with the kind of returns that it has generated in 2017. Honeywell continued its staggering performance.
Honeywell bagged two new airline clients with its GoDirect software. Brussels Airlines and Air Serbia will use Honeywell’s connected aircraft software.
Honeywell’s (HON) Safety and Productivity Solutions segment is the smallest revenue contributor, accounting for 14.2% of HON’s total revenue.
Honeywell’s (HON) Performance Materials and Technologies (or PMT) segment accounted for 22.2% of HON’s total revenue in 2Q17.
Honeywell’s (HON) Home and Building Technologies segment is the company’s second-largest revenue generator, accounting for 27.1% of 2Q17 revenue.
Honeywell’s (HON) Aerospace segment continued to be the highest revenue contributor in 2Q17, accounting for 36.5% of overall revenue.
Honeywell International (HON) reported revenue of $10.08 billion in 2Q17, a rise of 0.90% on a year-over-year basis.
Of the 21 analysts tracking Honeywell (HON) stock, 84% of the analysts recommended a “buy,” 14% of the analysts recommended a “hold,” and none of the analysts recommended a “sell.”
HON reported 2% organic growth revenue growth in 1Q17 and expects the trend to continue.
On July 13, 2017, analysts expected Honeywell (HON) to post earnings per share of $1.78 in 2Q17, implying an increase of 7.2% on a year-over-year basis.
Honeywell signed an agreement with VietJet Air to supply 98 auxiliary power units to its fleet of 135 Airbus A320s. The deal was valued at $100 million, which includes maintenance services for 12 years.
Among them, 81% of analysts recommended the stock as a “buy,” 19% of analysts recommended the stock as a “hold,” and no analysts recommended the stock as a “sell.”
On May 18, 2017, Honeywell International’s (HON) stock price closed at $130.42. Given its current dividend rate, Honeywell’s dividend yield stands at 2.0%.
On April 24, 2017, Honeywell International (HON) announced a dividend of 0.67 per share for 2Q17 on its outstanding common stock.
So far in 2017, Honeywell International (HON) stock has made solid gains compared to its peers. On a year-to-date (or YTD) basis, HON has risen 13.9%.
Honeywell’s (HON) Performance Materials and Technologies (or PMT) segment is HON’s third largest revenue contributor.
On April 24, 2017, 21 brokerage companies were actively tracking Honeywell (HON) stock. 81% of these analysts recommended a “buy” on the stock, and 19% recommended a “hold.”
HON’s SPS segment’s strong performance was primarily driven by the acquisition of Intelligrated.