Honeywell International Inc #NASDAQ:HON Price, Chart, News & Insight

Honeywell (NASDAQ: HON) today announced that its Board of Directors has declared a quarterly dividend payment of $1.13 per share on the Company's common stock. The dividend is payable on June 6, 2025, out of surplus to holders of record at the close of business on May 16, 2025.

Honeywell Names Su Ping Lu as New General Counsel; Anne Madden to Lead Portfolio Transformation

Charlotte, NC – Honeywell International Inc. (Nasdaq: HON) has announced key leadership changes set to take effect on May 5, 2025. Su Ping Lu will assume the role of Senior Vice President and General Counsel, succeeding Anne T. Madden, who will transition to a newly established position as Senior Vice President, Portfolio Transformation and Senior Advisor.

Lu, currently serving as Vice President, Corporate Secretary, and General Counsel for International, will report directly to Chairman and CEO Vimal Kapur. She joined Honeywell in 2009 and has held several senior legal roles across the organization. Lu holds a B.A. in international relations and economics from Stanford University and a J.D. from Columbia University.

Madden, who has served as General Counsel since 2017, will continue reporting to Mr. Kapur in her new strategic role. Under the terms of her new offer letter, Madden will receive a base salary of $750,000, with an annual incentive target of 100% of her salary and eligibility for long-term incentive awards valued at $2 million.

The transition reflects Honeywell's focus on leadership development and portfolio transformation as it positions itself for future growth.

Honeywell (NASDAQ: HON) will issue its first quarter financial results before the opening of the Nasdaq Stock Market on Tuesday, April 29. The company will also hold a conference call at 8:30 a.m. EDT.

Honeywell Names Leadership Team and New Company Name for Advanced Materials Spin-Off

On March 25, 2025, Honeywell announced that its Advanced Materials business will be named Solstice Advanced Materials upon completion of a planned tax-free spin-off to shareholders, expected by late 2025 or early 2026. The new publicly traded company will be headquartered in Morris Plains, New Jersey, and focus on sustainability-driven specialty chemicals and materials.

Solstice Advanced Materials generated nearly $4 billion in revenue last year and will include well-known technologies such as Solstice® hydrofluoroolefins. Honeywell named Dr. Rajeev Gautam as non-executive chairman, David Sewell as president and CEO, and Tina Pierce as CFO. Additional leadership roles were filled by Jeff Dormo and Simon Mawson, who will oversee the company's two business segments.

The announcement is part of Honeywell's broader portfolio optimization strategy, which includes the planned separation of its Aerospace Technologies segment and a series of acquisitions and divestitures aimed at enhancing growth and streamlining operations.

Fitch Ratings placed Honeywell International Inc.'s (HON) ratings on Rating Watch Negative (RWN) due to its plan to separate its Aerospace Technologies (AT) and Automation businesses.

Honeywell has announced the commercial availability of its A2L refrigerants in North America, compatible with new equipment from Heatcraft Refrigeration Products. These refrigerants help retailers, supermarkets, and refrigerated transport companies improve efficiency, reduce costs, and comply with evolving environmental regulations.

Heatcraft is the first North American manufacturer to offer A2L-compatible refrigeration equipment, including Honeywell’s Solstice® L40X (R-455A). A2L refrigerants are classified as low-toxicity and low-flammability, making them a safer and more efficient alternative to high-GWP HFC refrigerants like R-404A and R-507.

Honeywell and Heatcraft have collaborated since 2023 to develop these solutions, optimizing condensing units and evaporators for walk-in coolers and freezers. Studies show that Honeywell’s HFO refrigerants offer better energy efficiency compared to CO2 and propane alternatives. Some retailers have reported lifetime cost savings exceeding $260,000.

Honeywell also provides A2L training programs and technical support to ensure a smooth transition for HVACR technicians.

International Test Pilots School, Honeywell Launch New Program to More Efficiently Train Flight Test Teams

Honeywell Aerospace Flight Test team is first customer for innovative new program London, Ontario--(Newsfile Corp. - March 12, 2025) - The International Test Pilots School (ITPS) and Honeywell (NASDAQ: HON) have teamed to launch a new flight test training program designed to improve the way flight test professionals are trained. ITPS has developed the unique Hybrid Industry Training Solutions for Flight Test Teams program, and the Honeywell Aerospace Flight Test team will be the launch ...

Honeywell and Blue Spruce Operating, LLC announced a partnership to launch North America’s second-largest helium project at the Dry Piney Helium & Carbon Sequestration Project in Sublette County, Wyoming. Using Honeywell’s carbon capture and sequestration technology, the project aims to enhance domestic helium production while reducing carbon emissions.

Set to be operational in the second half of 2028, the Dry Piney Project is expected to produce over 800 million cubic feet of bulk liquid helium annually. It will incorporate two CO2 capture and sequestration trains, capable of storing up to 4.5 million metric tons of CO2 per year. This initiative will supply more than 10% of the global helium demand, helping offset the decline of existing sources like the Cliffside U.S. strategic reserve.

Helium plays a critical role in semiconductor manufacturing, space exploration, and telecommunications. By integrating carbon capture technology, the project aims to reduce production costs and support the growth of high-tech industries while ensuring a stable and affordable helium supply. Additionally, the availability of cost-effective helium is expected to benefit the healthcare sector by lowering expenses for essential medical equipment.

Honeywell has extensive experience in CO2 capture and storage, with 15 million tons of CO2 being processed annually through its technology. The company remains committed to advancing sustainable energy solutions through automation, aviation, and energy transition initiatives.

Honeywell has announced that Taiyo Oil Co., Ltd. will use its Ethanol to Jet (ETJ) technology to produce sustainable aviation fuel (SAF) at its Okinawa Operations in Japan. This facility, the first of its kind in the Asia Pacific region, aims to produce 200 million liters of SAF annually, with operations set to begin in 2029.

This marks the fifth ETJ facility globally, playing a crucial role in addressing the aviation industry’s growing demand for SAF as part of efforts to reduce carbon emissions. Honeywell's ETJ technology converts ethanol from sources such as corn, sugar, and cellulosic materials into SAF, providing a cost-effective and lower-emission alternative to petroleum-based jet fuel.

The project strengthens Honeywell’s long-standing relationship with Taiyo Oil and aligns with global energy transition goals. SAF produced through this process can be used as a direct replacement for conventional jet fuel without requiring modifications to aircraft or fueling infrastructure.

Sapphire Technologies and Honeywell UOP have announced a strategic partnership to enhance energy recovery in refineries. Under this collaboration, Sapphire Technologies will serve as the exclusive supplier of turboexpanders for Honeywell UOP’s electrification initiatives in pressure letdown applications.

The partnership aims to help refineries and petrochemical plants recover waste pressure and convert it into clean electricity using Sapphire’s FreeSpin® In-line Turboexpander technology. Each unit can generate up to 300kW, reducing CO₂ emissions and improving operational efficiency while cutting costs.

By integrating advanced energy recovery solutions, this collaboration supports the transition to more sustainable refinery operations, promoting environmental responsibility and economic benefits across the industry.

Honeywell announced its agreement to acquire Sundyne from Warburg Pincus for $2.16 billion in an all-cash transaction, representing approximately 14.5x 2024 EBITDA on a tax-adjusted basis. The acquisition will enhance Honeywell’s Energy and Sustainability Solutions segment by expanding its capabilities in refining, petrochemicals, liquefied natural gas, and renewable fuels. Sundyne’s specialized pumps and gas compressors will integrate with Honeywell Forge, improving digitalization, predictive maintenance, and efficiency.

CEO Vimal Kapur emphasized that the acquisition strengthens Honeywell’s UOP business and expands its aftermarket services. Sundyne, headquartered in Arvada, Colorado, brings 1,000 employees and a strong installed base, creating opportunities for revenue synergies with Honeywell’s process licensing and modular solutions. Honeywell expects the acquisition to be immediately accretive to sales growth, segment margins, and adjusted EPS in the first full year of ownership.

The acquisition aligns with Honeywell’s broader strategy of portfolio transformation, following previous deals totaling $9 billion since December 2023, including the acquisition of Carrier Global’s Access Solutions business and divestiture of its Personal Protective Equipment unit. The transaction is expected to close in Q2 2025, subject to regulatory approvals.

Revolutionizing Gasoline Production: Honeywell UOP and ExxonMobil Unite for SCANfining Technology

Honeywell UOP and ExxonMobil Catalysts and Licensing LLC have signed an exclusive licensing alliance agreement which allows UOP to include ExxonMobil’s SCANfining Technology for gasoline desulfurization for FCC gasoline streams in its portfolio.

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Honeywell International Inc. has announced key leadership changes, including the resignation of board member Robin L. Washington, who will step down on March 31, 2025, following her appointment as President and Chief Operating and Financial Officer of Salesforce, Inc. The company acknowledged her contributions and stated that her resignation was unrelated to any internal disagreements.

Additionally, Honeywell’s Board of Directors has appointed Mike Stepniak as Senior Vice President and Chief Financial Officer, effective February 17, 2025. Stepniak, who has held various financial leadership roles at Honeywell since 2020 and previously worked at General Electric, will report to CEO Vimal Kapur. His compensation package includes a base salary of $925,000, an annual incentive target equal to his salary, and long-term incentives valued at $3.8 million.

Gregory P. Lewis, the outgoing CFO, will transition into a newly created role as Senior Vice President, Transformation and Senior Advisor. His new salary is set at $750,000 with an annual incentive target equal to his salary. He is expected to transition into a Senior Advisor role later in 2025, at which point his salary will be reduced to $100,000, and he will no longer be eligible for incentive-based compensation.

These leadership changes come as Honeywell continues to refine its executive structure, with Stepniak assuming financial oversight and Lewis shifting toward a strategic advisory role. The company has filed offer letters outlining the terms of their transitions as part of its latest SEC disclosure.

Honeywell reported its fourth-quarter and full-year results for 2024. Q4 sales were $10.1 billion, a 7% increase year-over-year, with organic sales growth of 2%. The company exceeded earnings guidance, with Q4 earnings per share (EPS) of $1.96 and adjusted EPS of $2.47. For the full year, sales increased by 5%, and Honeywell generated $6.1 billion in operating cash flow and $4.9 billion in free cash flow.

In 2024, Honeywell deployed $14.6 billion in capital, including $8.9 billion for acquisitions. For 2025, the company expects adjusted EPS between $10.10 and $10.50, a 2% to 6% increase, and guidance for organic sales growth between 2% and 5%.

The company also announced plans to separate its Automation and Aerospace businesses, aiming to create three independent, publicly traded companies by 2026. Honeywell’s aerospace segment saw growth in commercial aftermarket and defense, while its industrial automation segment remained stable. Additionally, Honeywell signed a strategic agreement with Bombardier, valued at $17 billion, to provide advanced technology for current and future aircraft.

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SSH Communications Security to Integrate Honeywell Forge Cybersecurity+ to Provide A Comprehensive Operational Technology Security Solution -January 30, 2025 at 09:00 am EST | MarketScreener

SSH Communications Security has signed a reseller agreement with Honeywell aimed at enhancing the security of Operational Technology environments. Under the agreement, SSH will offer the Honeywell...

Direct Airflow with Automation in Hospitals, Laboratories, Research Facilities, and Cleanrooms | Buildings

Phoenix Controls’ Critical Spaces Control Platform helps prevent cross-contamination while lowering air change rates for efficient operation.

Honeywell CEO: AI will transform industry at scale beginning in 2025

Think autonomous, not automated, operations as the industrial sector embraces the trifecta of AI, 5G, and the cloud.

Honeywell price target lowered to $231 from $233 at JPMorgan | Markets Insider

JPMorgan lowered the firm’s price target on Honeywell (HON) to $231 from $233 and keeps a Neutral rating on the shares. The firm updated models ...

Jim Cramer Says Honeywell International Inc. (HON) Is ‘Doing What Elliot Partners Wants’

We recently compiled a list of the Jim Cramer Discusses Joe Rogan, Elon Musk, And These 13 Stocks. In this article, we are going to take a look at where Honeywell International Inc. (NASDAQ:HON) stands against the other stocks. In one of his latest appearances on CNBC’s Squawk on the Street, Jim Cramer started the morning […]

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