Back to top

Analyst Blog

Honeywell International Inc. (HON - Analyst Report) is focused on meeting the rising demand for low global warming material used in insulation and aerosols. Through a planned investment of $33 million in its Baton Rouge, La., manufacturing facility, the company will increase the production capabilities of such products. The Baton Rouge facility of Honeywell is a prominent provider of refrigerants in the U.S.

Honeywell will be producing new low-global-warming-potential (GWP) blowing agent and propellant (technical name: HFO-1234ze) on a commercial scale from the upgraded facility. HFO-1234ze production is expected to start in late 2013.

The Baton Rouge facility has been producing beneficial and energy efficient products for its clients for a long time. The investment enables the facility to become a prime provider of next generation technology for meeting low-global-warming aerosol propellants, foam blowing agents and refrigerants. The new products expand Honeywell’s existing portfolio of low-global-warming-potential products, helping the company to mitigate a rising worldwide concern in a cost effective manner while fulfilling all the environmental regulations.

The U.S. Environmental Protection Agency has recognized HFO-1234ze to be used safely and sold in foam and aerosols. The material is being used in Europe and Japan. Europe has a large number of consumers.

Based in Morris Township, N.J., Honeywell International Inc. is a Fortune 100 company providing technical and manufacturing support to customers worldwide. It also provides aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Major competitors of Honeywell are BorgWarner Inc. (BWA - Analyst Report), United Technologies Corp. (UTX - Analyst Report) and Johnson Controls Inc. (JCI - Analyst Report).

We maintain a Zacks #1 Rank (short-term Strong Buy recommendation) onHoneywell.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

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.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
STRATTEC SE… STRT 80.24 +3.00%
PATTERSON-U… PTEN 34.54 +2.98%