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Honeywell's Latest Gas Detector to Fortify Innovation Suite

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Honeywell International Inc.’s (HON - Free Report) latest connected gas detector — Searchzone Sonik — will offer better protection to facilities and workers against explosive and toxic gas leaks. The company’s new gas detector complements its existing fixed detectors and can sense leaks ultrasonically. Honeywell’s stock price remained nearly flat at $144.1 per share, following the announcement of the launch.

Searchzone Sonik features innovative ultrasonic technology comprising a sealed piezoelectric sensor. The sensor of the detector remains unaffected by any sort of background noise or weather conditions, and spots high-pressure gas leaks instantly.

Additionally, Searchzone Sonik has an ultrasonic test tool that aids in selecting its proper location, and comprises a user-friendly mobile application permitting streamlined operation, installation and service from the security of ground level.

Searchzone Sonik will be useful during emergency shutdowns. This state-of-the-art connected gas detector is easy to maintain, commission and install through application when paired with a safe Android-based Bluetooth-enabled smartphone.

The launch of Searchzone Sonik further reinforces Honeywell’s innovation platform. The company currently carries a Zacks Rank #2 (Buy) and a VGM Score of B.

Over the past year, shares of the company have rallied 7.5%, as against the 17.2% loss recorded by the industry. It pulled off an average positive earnings surprise of 1.49% in the last four quarters. Notably, the stock’s earnings are predicted to be up 12.8% and 9.6% for 2018 and 2019, respectively.

Other Stocks to Consider

Some other top-ranked stocks in the industry are listed below:

Sumitomo Corp. sports a Zacks Rank #1 (Strong Buy). The company’s earnings per share (EPS) are predicted to grow 5.5% in the next three to five years. You can see the complete list of today’s Zacks #1 Rank stocks here.

Hitachi Ltd. (HTHIY - Free Report) holds a Zacks Rank of 2. The company’s EPS is projected to be up 13% over the next three to five years.

Raven Industries, Inc. (RAVN - Free Report) also carries a Zacks Rank of 2. The company’s EPS is estimated to rise 10% during the same time frame.

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