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Honeywell's New Software to Optimize Use of Building Space
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Honeywell International Inc. (HON - Free Report) recently introduced Honeywell Vector Space Sense — a software solution that provides information about where, when and how building spaces are utilized at any particular time. Notably, this latest software enables building operations team to optimize costs as well as improve building experiences by allowing them to take better-informed decisions on real estate and space usage.
The IoT-enabled Honeywell Vector Space Sense also collects space utilization data from several sources like smart lights, mobile apps, bluetooth beacons as well as other sensor-connected devices and equipment. Applying analytics to the collected data, the solution offers actionable insights to organizations and helps them to take better-informed decisions related to building space. The building operations team gain these insights through detailed, information-rich dashboards, allowing them to optimize space usage and reduce operational costs.
Existing Business Scenario
Honeywell’s balanced mix of long- and short-cycle businesses as well as a decent organic growth in new products and expansion in high-growth regions augers well on a long-term perspective. With a flexible yet disciplined focus on cost and productivity, the company remains focused on expanding its presence in high-growth regions. Also, it continues to strengthen foothold in areas like innovation in the industry. For instance, in Home and Building technologies, the company introduced INNCOM e7 Thermostat — a new connected building offer — for hotels that has a large user base throughout the world. These factors bode well for Honeywell’s accelerated growth in 2018.
Moreover, the company is well-positioned to gain from long-term expansion in the markets like aerospace, facility automation and automotive turbochargers backed by its strong market share and product line-up. Honeywell also continues to invest in innovative technologies that will help the company maintain its leadership position. In fact, we expect the demand for Honeywell's construction, automobiles and airplanes products to grow, courtesy of expansion in emerging markets.
In the past three months, shares of this Zacks Rank #2 (Buy) company have gained 1.2% against the industry’s decline of 3.1%.
Further, the company’s diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks. This apart, Honeywell’s diligent focus on working capital management, free cash flow generation and a conservative balance sheet remain encouraging amid a challenging macroeconomic environment.
Federal Signal Corporation surpassed estimates in the trailing four quarters, with an average beat of 16.1%.
Crane exceeded estimates in the trailing four quarters, with an average beat of 2.1%.
United Technologies outpaced estimates in the trailing four quarters, with an average beat of 6.8%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Honeywell's New Software to Optimize Use of Building Space
Honeywell International Inc. (HON - Free Report) recently introduced Honeywell Vector Space Sense — a software solution that provides information about where, when and how building spaces are utilized at any particular time. Notably, this latest software enables building operations team to optimize costs as well as improve building experiences by allowing them to take better-informed decisions on real estate and space usage.
The IoT-enabled Honeywell Vector Space Sense also collects space utilization data from several sources like smart lights, mobile apps, bluetooth beacons as well as other sensor-connected devices and equipment. Applying analytics to the collected data, the solution offers actionable insights to organizations and helps them to take better-informed decisions related to building space. The building operations team gain these insights through detailed, information-rich dashboards, allowing them to optimize space usage and reduce operational costs.
Existing Business Scenario
Honeywell’s balanced mix of long- and short-cycle businesses as well as a decent organic growth in new products and expansion in high-growth regions augers well on a long-term perspective. With a flexible yet disciplined focus on cost and productivity, the company remains focused on expanding its presence in high-growth regions. Also, it continues to strengthen foothold in areas like innovation in the industry. For instance, in Home and Building technologies, the company introduced INNCOM e7 Thermostat — a new connected building offer — for hotels that has a large user base throughout the world. These factors bode well for Honeywell’s accelerated growth in 2018.
Moreover, the company is well-positioned to gain from long-term expansion in the markets like aerospace, facility automation and automotive turbochargers backed by its strong market share and product line-up. Honeywell also continues to invest in innovative technologies that will help the company maintain its leadership position. In fact, we expect the demand for Honeywell's construction, automobiles and airplanes products to grow, courtesy of expansion in emerging markets.
In the past three months, shares of this Zacks Rank #2 (Buy) company have gained 1.2% against the industry’s decline of 3.1%.
Further, the company’s diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks. This apart, Honeywell’s diligent focus on working capital management, free cash flow generation and a conservative balance sheet remain encouraging amid a challenging macroeconomic environment.
Other Stocks to Consider
Some other top-ranked stocks from the same space are Federal Signal Corporation (FSS - Free Report) , Crane Company (CR - Free Report) and United Technologies Corporation . All these companies carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Federal Signal Corporation surpassed estimates in the trailing four quarters, with an average beat of 16.1%.
Crane exceeded estimates in the trailing four quarters, with an average beat of 2.1%.
United Technologies outpaced estimates in the trailing four quarters, with an average beat of 6.8%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>