Honeywell (NYSE: HON) today announced that it will build a new production line capable of producing up to 4.5 million FFP2 and FFP3 disposable face masks per month at its Newhouse site in Scotland, United Kingdom. These masks will assist the U.K. government's response to the coronavirus (COVID-19) outbreak.
Ecolab, FLIR Systems, and Zebra Technologies all specialize in products and services that will make offices safer for returning workers, especially in the absence of a coronavirus vaccine. Why Zebra looks like the best bet now
Britain said on Tuesday it had agreed deals with more than 100 new suppliers of personal protective equipment (PPE) used to combat the spread of the coronavirus, addressing supply problems seen earlier during the COVID-19 pandemic. The government has faced heavy criticism from health workers who said they were not always provided with the right equipment and did not feel safe. The government has acknowledged problems with distribution and sourcing sufficient supplies in a competitive international market.
Diversified Operations Industry Outlook Bleak on Coronavirus Woes
(Bloomberg Opinion) -- After a prolonged shutdown, Ford Motor Co. officially resumed production at its North American factories this week. It hasn’t been as smooth a process as the company might have hoped: Ford had to temporarily close two critical facilities this week to allow for a deep cleaning after workers tested positive for the coronavirus. An Explorer SUV plant in Chicago was closed a second time after an employee at a nearby supplier facility tested positive for the virus, causing a parts shortage.This is the reality of manufacturing for the time being as companies fret about worker safety and the legal and reputational risks of not doing enough to protect employees. Unlike Ford, whose products fall into a category of consumer spending that’s become even more discretionary amid the pandemic, wide swaths of the industrial sector were deemed essential and allowed to remain operational. Those companies, too, have had their share of growing pains as they adjust to a new way of working.Boeing Co. temporarily closed its factories in the Puget Sound area in March after a worker died of the coronavirus and later briefly shuttered work at its 787 plant in South Carolina. CBS Minnesota reported earlier this month that a Honeywell International Inc. facility in Minneapolis had closed after a worker tested positive. Whirlpool Corp. closed its Amana, Iowa, refrigerator plant at least twice after employees tested positive for the virus, according to the Gazette local paper. Deere & Co. and Altria Group Inc.’s Philip Morris USA are among the many others that have had to close plants on a limited basis to avoid outbreaks among workers. Lockheed Martin Corp., meanwhile, said this week it will temporarily slow production of the F-35 fighter jet because of delays at suppliers. It’s a lot harder, though, to bring factories back to life than it is to just figure it out as you go along. Ford may be a manufacturer, but because it’s one of the few to have experienced an extended lockdown, it’s arguably a better benchmark for the non-industrial economy. You better believe that office-based companies that have sent most of their workers home are keeping a close eye on how the likes of Ford fare in flipping the switch back on. Seeing the automaker’s setbacks this week, companies that can operate without their employees clustered in the same place may be less keen to rush back. They’re getting a more continuous stream of work out of their employees now than they would if they had to hit the pause button and clear out the office every few weeks. And the mixed messages from the White House aren't helpful: President Donald Trump is due to visit a Ford factory in Michigan that’s been converted to ventilator production and has been wishy-washy on whether he will adhere to the company’s face-mask requirements. Already, American Express Co. CEO Steve Squeri and Visa Inc. CEO Al Kelly said this week that most of their employees would work from home for the rest of the year. Some 28% of employers recently surveyed by Challenger, Gray & Christmas said they would make work-from-home arrangements permanent for at least some employees. Cryptocurrency exchange Coinbase and social media site Twitter Inc. are among those who have publicly said remote working will be their indefinite default option. Facebook Inc. said Thursday it would follow suit and move to a more permanent remote workforce.At the end of the day, manufacturing or non-manufacturing, it's all interconnected. How permanent this shift to work from home will be is debatable, but if companies end up needing less office space, by default that means fewer HVAC systems, commercial lighting, fire and security products or even 3M Co.’s Post-it notes. And if workers aren’t going to be commuting, do they still need to buy cars from Ford? There's a lot riding on getting reopening right. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Guru also invests in an ETF Continue reading...
Honeywell (NYSE: HON) today launched an integrated set of solutions to help building owners improve the health of their building environments, operate more cleanly and safely, comply with social distancing policies, and help reassure occupants that it is safe to return to the workplace. By integrating air quality, safety and security technologies along with advanced analytics, Honeywell's Healthy Buildings solutions are designed to help building owners minimize potential risks of contamination and ensure business continuity by monitoring both the building environment and building occupants' behaviors.
Q1 2020 Honeywell International Inc Earnings Call
Moody's Investors Service ("Moody's") assigned A2 ratings to Honeywell International Inc.'s ("Honeywell") new senior unsecured notes. The issuances do not impact other ratings of Honeywell, including the existing A2 senior unsecured and P-1 short-term debt ratings. Honeywell's A2 debt ratings reflect the company's very large portfolio of businesses that contribute strong and stable operating profit from each segment.
Right now, Honeywell International Inc. (NYSE: HON) share price is at $136.81, after a 0.70% drop. Over the past month, the stock spiked by 0.95%, but over the past year, it actually decreased by 17.22%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.The stock is currently above from its 52 week low by 35.35%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with specialty industrial machinery stocks, and capitalize on the lower share price observed over the year.The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.Most often, an industry will prevail in a particular phase of a business cycle, than other industries.Honeywell has a lower P/E than the aggregate P/E of 22.69 of the specialty industrial machinery industry. Ideally, one might believe that they might perform worse than its peers, but it's also probable that the stock is undervalued.P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Morning Market Stats in 5 Minutes * Recap: Honeywell International Q1 Earnings * A Look Into Honeywell's Price Over Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The company faces a number of near-term challenges, but its valuation looks attractive relative to its long-term growth prospects.
An informal Honeywell (NYSE: HON) survey taken by more than 700 frequent business and personal air travel passengers indicates the types of guidelines and health-related equipment passengers may be looking for while flying during and after the COVID-19 pandemic.
Fiduciary Management, Inc recently released its Q1 2020 Investor Letter, a copy of which you can download below. The FMI Large Cap Fund posted a return of -23.0% for the quarter, underperforming its benchmark, the S&P 500 Index which returned -19.60% in the same quarter. You should check out Fiduciary Management’s top 5 stock picks […]
Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., announce that Honeywell International Inc. (NYSE: HON) lost its bid to escape a securities class action lawsuit led by KSF on behalf of all persons who purchased or otherwise acquired Honeywell securities from February 9, 2018 through October 19, 2018, pending in the United States District Court for the District of New Jersey.
Is the ability to time the markets more of a data-driven science or a 'gut - feeling' art?
These companies have fortress-like balance sheets and are willing and capable of going on the acquisition trail.
Honeywell (HON) to produce 70 million FFP2 and FFP3 face masks at its Newhouse site in Scotland to help contain the coronavirus pandemic.
S&P; 500 down 2.05% Continue reading...
Their yields beat the 20-year high quality market corporate bonds Continue reading...
(Bloomberg) -- Honeywell International Inc. has been thinking about what it will take to coax people back onto airplanes. A virus-killing robot that can patrol empty aisles between flights, zapping out ultra-violet light, makes a good start.The company has more in mind: temperature-taking cameras that can also flag airport officials when people aren’t wearing a face mask properly, a system that spots overcrowded areas, and air-quality sensors that constantly monitor for pathogens.“We think these systems will be absolutely sufficient to get people back on planes,” said Mike Madsen, chief of Honeywell’s aerospace unit, which provides a wide range of aircraft parts and services to the industry. “It’s not enough to feel safe just on the airplane, they’ve got to feel safe and be safe all the way from door to door.”Making people secure when flying again isn’t just important to airlines’ survival. Honeywell needs the industry back on its feet so that its own aerospace business can recover from a slump that’s expected to reduce revenue in its largest unit by 25% this quarter.Honeywell is uniquely poised to meet the challenge. The company can tap into technology it’s developed for other parts of its business, including warehouse automation, building security and gas detection equipment. It also makes protective gear. After boosting production of N95 masks to help supply medical workers during the pandemic, it can offer those masks to airlines, too.Airport Walk-ThroughHoneywell is talking with airports and about 100 airlines about implementing the safety equipment, Madsen said in an interview this week. A lot of the systems, such as the infrared cameras and air-quality sensors, are available now. Others, such as the beverage-cart-sized, UV-light robot, are a few months away.Madsen has a vision of how all these systems can work together to make travelers safer. Here’s how he described what it could soon feel like to walk through an airport and board a plane in a world plagued by Covid-19:Upon entering the airport, an infrared camera automatically takes your temperature and confirms that you are wearing a mask. The checks continue periodically as you head for your gate, and a system also alerts authorities if people are crowded too closely together.Before you get on the plane, two robots ply the aisle, blanketing the interior with ultraviolet light with the power to kill pathogens like the coronavirus. Sensors tucked into nooks and crannies show if the machines miss a spot. As a double precaution, a disinfectant fogger flows from the air vents of the empty plane to sanitize the air, surfaces and the air-supply system itself.Employees that tidy up enter the plane after the robotic deep cleaning, keeping them safe. The cleaning procedure takes only about 10 minutes, so your boarding time is still on schedule. Before getting on the plane, you’re handed a kit with a mask, wipes, hand sanitizer and non-latex gloves.During the flight, the cabin air is monitored with hockey puck-sized, wireless sensors to ensure it’s safe. The monitoring also helps airlines pump in engine-warmed fresh air in just the right amount to avoid dragging needlessly on power and burning extra fuel.After leaving the plane at your destination, you don’t notice that you’re again scanned for temperature and compliance for protective gear as you traverse the airport. You also may not see the wireless sensors distributed throughout the airport to check that air is circulating properly. The information you and other passengers provided to the airlines or airport security is added to a database that’s available in case contact tracing is required.Many of these solutions didn’t exist three months ago before the virus began spreading throughout the world, Madsen said. As lockdown restrictions ease and business reopen, people will need to travel. How quickly airports and airplanes fill will depend on how comfortable travelers will feel in a full aircraft.“Despite what’s happened over the last 90 days or so, we really believe that travel is a necessary part of both our business lives and our personal lives,” Madsen said. “Travel is not going to go away.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.