HON - Embedded Expectations Analysis - 2018 02 12
ï€ Honeywell International Inc. (HON:USA) currently trades above historical averages relative to UAFRS-based (Uniform) Earnings, with a 24.1x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about growth and productsï€ Specifically, management may have concerns about the sustainability of fourth quarter results, particularly regarding their earnings per share growth, and may lack confidence in their assertion that digital tools are helping them in the marketplace. Furthermore, they may lack confidence in their upcoming Android-based product launch in Q1, and may have concerns about the sustainability of growth driven by their Solstice low global-warming refrigerant. Additionally, they may be concerned about the sustainability of organic sales growth in their Aerospace segment, and may lack confidence in continued strength in the Global Distribution fire vertical
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.
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