Honeywell Cuts 2016 Guidance on Slower Sales, but Portfolio Actions Will Support Longer-Term Growth
Honeywell shares tumbled on Oct. 7 as the company pre-emptively lowered 2016 organic revenue growth and EPS guidance ahead of its third-quarter earnings release. Persistent weakness in business jet and helicopter markets, about $75 million of incremental aircraft OEM incentives, and weaker-than-expected demand in the company’s scanning and mobility segment led management to decrease its third-quarter sales expectations and revise full-year 2016 EPS and revenue growth downwards. We were already a...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.
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.
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