Analyst Blog
Please login to Zacks.com or register to post a comment.
Just Released: 5 Stocks to Double
Today, you are invited to download a free Special Report from Zacks Investment Research. It reveals five moves that could gain +100% and more in the next 12 months:
One is a "boring" business delivering blistering growth. Another is a red-hot oil and gas producer set to surge on a drilling breakthrough. Still another, an online payment provider, ignited a 53% sales explosion during the past year.
Trending topics
Top ETF Stories of July
Allegion Disappoints Q2 Earnings on Weak US Housing Recover…
Xcel Energy Misses on Q2 Earnings as Costs Rise, Guides Same…
PG&E Corp Misses Q2 Earnings Estimates, Hit by Higher Co…
Royal Dutch Shell Rides High Oil Price Wave to Earnings Beat…
FMC Corp.'s (FMC) Q2 Earnings Shy by a Penny, Revenues Top
Williams Companies Q2 Earnings in Line, Ups Capex Guidance
United Therapeutics (UTHR) Up on Q2 Earnings & Revenue B…
EMCOR Q2 Earnings Beat Estimates by a Penny, Backlog Up
AMC Entertainment Down on Q2 Earnings and Revenues Miss
McKesson Beats on Q1 Earnings & Revenues, Increases Guid…
Where Will Transportation ETFs Go From Here?
Ball Corporation Beats Q2 Earnings on Beverage Can Demand
Methanex (MEOH) Q2 Earnings and Revenues Miss Estimates
Tetra Tech Q3 Earnings Miss on Weak RCM Business, Guides Low…
Tax Inversion: The Boon and the Bane
Stock Pickers Rule
Top 3 MedTechs Poised to Gain on Earnings
Telecoms to Watch Post-Windstream REIT Plan
Pharma ETFs in Focus on Earnings Beats
Hotel & Lodging Stocks: Future Looking Up
R-Squared Growth Rate: You Need to Know This
AWS 7/31: Alphabet Soup: GDP, ECB, QE and Q2
PFP 7/31: Aloha
New to Zacks?
Start HereAre you a new Zacks Member or a visitor to Zacks.com?
Top Zacks Features
Recent Quotes
Symbol | Price | $Chg | %Chg | Report |
---|---|---|---|---|
GLW | 19.71 | -0.16 | -0.81% |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
In a concerted effort to align its portfolio around “Great Positions in Good Industries” and leverage on technological synergies, diversified conglomerate Honeywell International Inc. (HON - Analyst Report) recently restructured its operating segments. These included the divestiture of Friction Materials business and the merger of Transportation Systems segment with Aerospace business segment effective third-quarter 2014.
Honeywell sold its Friction Materials business to Federal-Mogul Holdings Corp. (FDML - Snapshot Report), a global manufacturer and supplier of powertrain components and vehicle safety products, for approximately $155 million in cash. The asset sale is part of the Honeywell’s long-term strategy to realign its portfolio with a strong focus on core differentiated technologies and divest those which no longer fit its corporate objective.
Headquartered in Germany, the Friction Materials business has significant operations in Romania and China. This global supplier of automotive brake friction materials and aftermarket brake products offers disc brake pads, drum brake linings and a variety of aftermarket brake products under the Bendix and JURID brand names. These products are primarily used in passenger cars, light trucks, commercial vehicles, aircraft and railway, and other industrial applications.
Under the terms of the agreement, Federal-Mogul acquired the Friction Materials business that operates only in Europe, China and Brazil and not in the U.S. In addition, the transaction did not include the Bendix line of products and the joint ventures that operate in Australia, Thailand and Malaysia. Honeywell will continue to own the non-operating sites in Conde, France and Guangzhou, China.
Honeywell also decided to reorganize its operating segments by merging Transportation Systems segment with the Aerospace segment to leverage on the shared business models and the engineering and technology similarities. The automotive turbocharger business, which has originated from the Aerospace business and currently is an integral part of the Transportation segment, is one of the high-margin propositions for Honeywell.
By combining the two businesses, Honeywell expects to benefit from an expanded sharing of the technical expertise for an enriched portfolio of differentiated products in the respective markets.
Effective third-quarter 2014, the three business segments of the company will be: Aerospace, Automation and Control Solutions, and Performance Materials and Technologies. The overall financial performance of the company will include Transportation Systems within Aerospace segment and will have no material impact on the historical consolidated financial position, results of operations, or cash flows.
Honeywell currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include United Technologies Corp. (UTX - Analyst Report) and CLARCOR Inc. (CLC - Snapshot Report), both of which carry a Zacks Rank #2 (Buy).
Get the full Analyst Report on HON - FREE
Get the full Analyst Report on UTX - FREE
Get the full Snapshot Report on CLC - FREE
Get the full Snapshot Report on FDML - FREE