Report
Joshua Aguilar
EUR 100.00 For Business Accounts Only

Honeywell Continues to Under-Promise but Over-Deliver in the First Quarter of 2019

Wide-moat Honeywell had a strong start of the year and raised full-year guidance at both the top and bottom end of the range for sales and EPS. Nothing in its first-quarter results alters our long-term view of the firm. We had previously modeled top-line assumptions above management guidance, while modeling segment margins at the top end of guidance. Honeywell has a history of under-promising and over-delivering, and this quarter proved to be no exception. However, we are modeling additional sha...
Underlying
Honeywell International Inc.

Honeywell International is a technology and manufacturing company. The company has four segments: Aerospace, which supplies products, software and services for aircrafts; Honeywell Building Technologies, which provides products, software, solutions and technologies including building control and optimization, energy management, access control, video surveillance, fire products, and remote patient monitoring systems; Performance Materials and Technologies, which develops and manufactures chemicals and materials, process technologies and automation solutions; and Safety and Productivity Solutions, which provides products and software that improve productivity, workplace safety and asset performance.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Joshua Aguilar

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