CHARLOTTE, N.C. , Nov. 26, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced an update to the company's participation at the upcoming Goldman Sachs Industrials and Materials Conference.
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LATHAM, N.Y.--(BUSINESS WIRE)--Protective Industrial Products, Inc. (“PIP®”) today announced it has entered into a definitive agreement to acquire the Personal Protective Equipment Business (“PPE Business”) of Honeywell (NASDAQ: HON), along with its leading brands Fendall, Fibre-Metal, Howard Leight, KCL, Miller, Morning Pride, North, Oliver, Salisbury, UVEX, and others. PIP is a portfolio comp...
Sale enables Honeywell to further simplify and optimize its businesses in alignment with three powerful megatrends: automation, the future of aviation and energy transition Positions Honeywell to continue to deliver profitable growth and strong cash generation, creating compelling long-term value for shareowners. CHARLOTTE, N.C.
Given its better valuation and prospects, we believe Honeywell stock (NYSE: HON) is currently a better pick than its sector peer, 3M stock (NYSE: MMM). HON stock trades at 22x forward expected earnings, versus 18x for MMM, and we think that this gap in valuation multiple will likely remain in favor of Honeywell, given its better revenue growth and profitability.
Honeywell's potential breakup, driven by Elliott Management, could unlock 40%-64% shareholder value by separating aerospace and automation segments. Aerospace strength positions Honeywell for multi-decade growth, boosted by high-margin aftermarket sales and rising commercial and defense demand. Execution risks exist, including management cooperation and delays, while the current P/E ratio of 22...
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