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Honeywell Technologies (HON)’s First Earnings as a Standalone Company: Bull vs Bear Analysis
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Honeywell Technologies (NASDAQ:HON) used to be one giant company that made everything from thermostats to jet engines.
This week’s earnings report was the first one for Honeywell Technologies as its own standalone firm, and the stock jumped more than 5% on the news.
The new guidance also shows Honeywell Technologies (NASDAQ:HONA)’s acquisition of Johnson Matthey’s Catalyst Technologies business, which closed July 17.
Also, Honeywell Aerospace, the newly spun-off sister company whose results still partly bled into this report, missed estimates and fell about 6% the same day.
As a brand-new standalone stock, Honeywell Technologies (NASDAQ:HON) also doesn’t have much of its own independent trading history yet, which adds a layer of uncertainty to any valuation.