HONEYWELL

Analysis of Honeywell share price

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Honeywell shares can be traded online. But before launching into taken positions to buy or sell this share, take a few moments to read our dedicated article containing all the information you'll need to set up a coherent investment strategy. We will explain to you in detail how this company works, how its price has evolved over time and what are the fundamental data that you must absolutely take into account in the context of these analyzes of the price of this stock.  

    Elements that can influence the price of this asset:

    Analysis N°1

    The global aerospace sector offers very interesting prospects which could benefit the Honeywell group through its strategic positioning in this area.

    Analysis N°2

    The group also makes a lot of effort to accelerate its growth, particularly through strategic alliances or company takeovers in emerging markets which are currently very popular such as India, China or Brazil which could increase its international market shares.

    Analysis N°3

    The group is developing its turbocharged engine segment intended for the American automobile industries whose demand is increasingly strong.

    Analysis N°4

    Keep an eye on the various government policies which are increasingly strict with regard to the environment and which can influence Honeywell's operations.

    Analysis N°5

    The group's activities are also very sensitive to economic fluctuations and currency devaluations which have a negative influence on the results of this company internationally.

    Analysis N°6

    Honeywell is very dependent on some of its major suppliers and the prices charged by them.

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    General presentation of Honeywell

    Honeywell is an American company that specializes in the production and sale of industrial equipment. In addition to its main products intended for industries, Honeywell also offers various services such as maintenance, technical assistance and engineering services. We can however divide the activities of the group into different hubs according to the level of turnover generated like this:

    • The production and sale of aviation equipment such as engines, navigation hardware and software, propulsion and communication systems, satellite and space components, lighting equipment and even wheels represent 36.5% of the total turnover of the group. The production of turbochargers for the automotive industry can also be added to this list.
    • The production and sale of high-performance technological materials such as polymers, resins, acids, additives, catalysts, absorbents, packaging materials for semi-conductors and coating materials generate 25.5% of the turnover of the group.
    • The production and sale of building control and automation systems such as heating and ventilation control systems, fire alarms, thermostats or monitoring systems generate 24.1% of Honeywell's turnover.
    • Finally, security and productivity optimization solutions such as personal protective equipment, warning systems, gas detection systems, IT solutions, data collection and thermal printing, computer systems, warehouse and supply chain automation, data management solutions and production processes account for 13.9% of the group's turnover.

    From a geographic point of view, the Honeywell group still generates over 56.1% of its turnover in the United States. Europe is also one of its main markets with 25.7% of turnover. Finally, the remaining 18.3% is generated in the rest of the world.

    Analysis of Honeywell share price
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    The major competitors of Honeywell

    Honeywell implements targeted business and its core target is the civil and military aeronautics industry. But it's obviously not the only one to provide this industry and therefore faces significant competition from other large groups that you should check out in detail right here with the ranking of the 20 largest companies in this field. But apart from these companies operating in this specific field, Honeywell also faces other competitors in certain more specific sectors such as connected objects for the home which it is trying to position itself into. In this area, its main competitor is probably the giant Google. There are also some competitors in the chemical sector, such as the Arkema group , with which it competes in the design of refrigerant gases intended for the automotive industry.

    To succeed in your Honeywell share price investment strategies, you need to take this competition into account by monitoring the filing of new patents, the various innovations, any new major contracts signed and even the results of each of these leading names. By doing so, your fundamental analyses will be much more relevant because the shares of these companies tend to move in a competitive manner and the rise of one stock can lead to the drop of the others. You'll of course find information about these companies on your broker's news feed or by consulting specialized sites.

    BAE Systems

    Raytheon

    Northrop Grumman Inc.

    General Dynamics

    United technologies

    Finmeccanica

    L3 Communications

    Huntington Ingalls Industries

    Almaz-Antei

    Safran

    Harris Corporation

    Rolls-Royce

    UAC

    Bechtel Corporation

    United Shipbuilding Corporation

    Booz hamilton

    The major partners of Honeywell

    To maintain its place in the industrial technological products sector, the Honeywell group primarily bases its strategy on innovation, along with establishing various strategic partnerships with other competing or complementary companies. These strategic alliances obviously have more or less significant repercussions on the results of the Honeywell business as well as on the evolution of its share price. Therefore, it's strongly advised to keep a close eye on any new partnerships that the group may set up in the future. Here are some examples of the most recent alliances that have benefited this business.

    SKF

    In 2012, the Honeywell group joined forces with the SKF group to offer an asset management service, particularly in regarding maintenance. To do so, Honeywell was able to count on its own supply along with certain partners like SKF which is one of the major players in this program. The latter particularly contributed to the project through its @ptitude Analyst which is a predictive maintenance software suite along with other products belonging to the group.

    Safran

    In 2014, the Honeywell group and one of its main competitors, Safran, both signed a memorandum of understanding with the GoAir group which is one of the most important low cost airlines in India, in order to help develop its EGTS tax system, a technology to reduce fuel costs for flights.

    Huawei

    More recently, in 2017 at the CeBIT 2017 held in Hanover, Honeywell and the Korean group Huawei announced their association for the development of smart building offers in Asia, the Middle East and in Africa.

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