Honeywell Targets Double-Digit Earnings Growth in 2017
In its first fiscal 2017 guidance preview, Honeywell forecasted core organic sales growth in the low single digits.
Honeywell completed its $1.5 billion acquisition of Intelligrated on August 29. The business is expected to contribute roughly $75 million in sales in the third quarter.
Although David Cote, the company CEO, eased concerns on management capacity, Honeywell (HON) does seem to have encountered a lot of organizational challenges in a short amount of time.
Honeywell (HON) has been particularly hit by deferrals in high growth regions that are reeling from weak macros.
Honeywell’s business update took everyone by surprise, especially after the company’s optimism at the Morgan Stanley (MS) Laguna Conference in September.
On October 7, Honeywell (HON) stock fell 7.5% to $106.94. This was Honeywell’s biggest one-day drop since August 2011.
The acquisition of Cepheid (CPHD) in the strategic sense is a gateway for Danaher (DHR) to breathe life into its limited molecular testing capabilities.
Danaher (DHR) says it has identified $100 million in cost synergies and another $100 million in revenues over the next five years.
On September 6, 2016, Danaher (DHR) announced that it has entered into a definitive agreement to acquire Cepheid (CPHD) for $4 billion.
Ritchie Bros. (RBA) entered into a strategic agreement with Caterpillar (CAT) to become its preferred auctioneer for used Caterpillar equipment.
Ritchie Bros. Auctioneers (RBA) auctions used equipment in the construction (XHB), agriculture (MOO), mining (PICK), and transportation industries.
Caterpillar (CAT) released its retail statistics for July on a three-month rolling basis on August 18. However, Caterpillar’s retail sales fell in July.
Caterpillar logged four consecutive quarters of operating losses in the Resource Industries segment—it houses the mining equipment business.
Danaher (DHR) was the brainchild of brothers Steven and Mitchell Rales. It was incorporated as a holding company in 1984.
General Electric (GE) has a Wall Street analyst consensus rating of “buy.” Of the 20 analysts surveyed by Bloomberg, 11 gave the company “buy” ratings.
GE Capital, which once generated nearly half of its parent company’s profits, has been affecting General Electric’s (GE) stock price since 2008.
At first glance, one might wonder about the sudden rise in General Electric’s (GE) Industrial plus Verticals debt-to-equity in the last two quarters.
In April 2015, General Electric’s (GE) chair and CEO Jeffrey Immelt announced plans to downsize the company’s financial services (XLF) business.
GE Capital is the financial services unit of the American conglomerate General Electric (GE). It contributed ~9% to GE’s total consolidated revenue in 2015.
Following the 2008 financial crisis, General Electric’s (GE) financial services business had substantial exposure to wholesale funding and underwriting.