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Honeywell (HON) Rolls Out CK65 Mobile Computer for Logistics

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Honeywell International Inc. (HON - Free Report) recently rolled out the CK65 mobile computer, which is designed for warehouse and manufacturing operations. The rugged CK65 mobile computer helps in streamlining activities in distribution and manufacturing centers. It also enhances productivity in supply chain. The mobile computer provides an extended product lifecycle across Android R, that supports maximization of return on customer investment.

Validated by Android Enterprise Recommended, the CK65 mobile computer brings a complete software ecosystem, comprising Honeywell Operational Intelligence, voice-guided software as well as a set of deployment utilities. Notably, the CK65 incorporates the company’s Mobility Edge platform that helps in expanding the asset life and simplifying mobility solutions management process. In addition to these, the Mobility Edge platform helps users to accelerate provisioning, certification as well as deployment across the enterprise.

Compatible with Honeywell’s Guided Work Solutions, the mobile computer can be connected with multiple enterprise resource planning platforms for various distribution centers. Moreover, it is compatible with the company’s cloud-based software solution — Honeywell Operational Intelligence — which facilitates easy tracking, management and optimization of mobile computers.

The extended battery life, which lasts more than 18 hours, makes CK65 appropriate for applications across the manufacturing and logistics sectors. Moreover, its users can expect its productive and secured use through 2028 with a Honeywell Edge Services contract that include five years of SentinelTM security patches.

Existing Business Scenario

The company believes that solid demand for warehouse automation, sensing and IoT businesses will drive Safety and Productivity Solutions’ revenues. Also, strength in the company’s commercial aftermarket and sensing businesses is likely to boost Aerospace revenues.  Further, strong demand for commercial fire and security products, particularly in India and China, is likely to drive the Building Technologies segment.

Over the past three months, the company's shares have gained 11.8%, outperforming  industry’s gain of 1.4%.

Honeywell has progressed with its portfolio transformation strategy, having declared spin-off dividends of shares of Resideo, and completing the divestment of Garrett Motion Inc. Also, in 2018, the company reorganized its operating segments by divesting Transportation Systems business and the Homes and ADI Global Distribution business. In addition, it acquired the German company — Transnorm — in November 2018. These tactical initiatives will help it concentrate on high growth industrial businesses, and thus boost sales growth.

Zacks Rank & Other Key Picks

Honeywell currently carries a Zacks Rank #2 (Buy).

Some other top-ranked stocks from the same space are Carlisle Companies Incorporated (CSL - Free Report) , Federal Signal Corporation (FSS - Free Report) and General Electric Company (GE - Free Report) . While Carlisle sports a Zacks Rank #1 (Strong Buy), Federal Signal and General Electric carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Carlisle outpaced estimates thrice in the preceding four quarters, the average earnings surprise being 19.07%.

Federal Signal surpassed estimates in each of the preceding four quarters, the average positive earnings surprise being 21.75%.

General Electric outpaced estimates twice in the trailing four quarters, the average positive earnings surprise being 5.56%.

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