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Honeywell Buys Rebellion, Boosts Gas Monitoring Portfolio
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In a bid to strengthen its foothold in safety and environmental monitoring solutions, Honeywell International Inc. (HON - Free Report) recently announced the buyout of Rebellion Photonics. The terms of the deal were kept under wraps.
Founded in 2009, Houston-based Rebellion Photonics is engaged in offering visual monitoring solutions for petrochemical, oil and gas as well as power industries. Some notable solutions offered by the company are its patented gas cloud imaging system, fire detection, intrusion detection and surveillance monitoring solutions, among others. The company’s visual monitoring platform is the only real-time solution available in the industry that helps in detecting and quantifying gas releases for enhancing workers’ safety.
Notably, Honeywell will integrate Rebellion Photonics into its Safety and Productivity Solutions segment.The company believes that the buyout will augment its solid portfolio of automation, process technologies and gas detection solutions. As noted by the company, it will also work on deploying the acquired Rebellion technology through its Performance Materials and Technologies segment in order to ensure the safety and compliance of its process manufacturing customers.
Honeywell’s financial guidance for 2019 remained unchanged following the move.
Our Take
Honeywell is experiencing strength in its long-cycle businesses in U.S. defense, warehouse automation, process solutions and building technologies. It is also witnessing robust demand for aftermarket service business. Strength in the company’s process solutions business, driven by solid automation portfolio, coupled with strong demand for equipment, is likely to keep boosting revenues of its Performance Materials and Technology segment.
However, lower volumes of sales due to softness in its productivity products business, distributor destocking and fewer large project rollouts remain a concern for its Safety and Productivity Solutions segment.
Year to date, the Zacks Rank #3 (Hold) company’s shares have gained 33.5% compared with the industry’s rally of 28.2%.
Dover surpassed estimates in each of the preceding four quarters, the average positive earnings surprise being 6.70%.
ITT outpaced estimates in each of the preceding four quarters, the average positive earnings surprise being 7.85%.
Macquarie outpaced estimates twice in the preceding four quarters, the average positive earnings surprise being 5.34%.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
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Honeywell Buys Rebellion, Boosts Gas Monitoring Portfolio
In a bid to strengthen its foothold in safety and environmental monitoring solutions, Honeywell International Inc. (HON - Free Report) recently announced the buyout of Rebellion Photonics. The terms of the deal were kept under wraps.
Founded in 2009, Houston-based Rebellion Photonics is engaged in offering visual monitoring solutions for petrochemical, oil and gas as well as power industries. Some notable solutions offered by the company are its patented gas cloud imaging system, fire detection, intrusion detection and surveillance monitoring solutions, among others. The company’s visual monitoring platform is the only real-time solution available in the industry that helps in detecting and quantifying gas releases for enhancing workers’ safety.
Notably, Honeywell will integrate Rebellion Photonics into its Safety and Productivity Solutions segment.The company believes that the buyout will augment its solid portfolio of automation, process technologies and gas detection solutions. As noted by the company, it will also work on deploying the acquired Rebellion technology through its Performance Materials and Technologies segment in order to ensure the safety and compliance of its process manufacturing customers.
Honeywell’s financial guidance for 2019 remained unchanged following the move.
Our Take
Honeywell is experiencing strength in its long-cycle businesses in U.S. defense, warehouse automation, process solutions and building technologies. It is also witnessing robust demand for aftermarket service business. Strength in the company’s process solutions business, driven by solid automation portfolio, coupled with strong demand for equipment, is likely to keep boosting revenues of its Performance Materials and Technology segment.
However, lower volumes of sales due to softness in its productivity products business, distributor destocking and fewer large project rollouts remain a concern for its Safety and Productivity Solutions segment.
Year to date, the Zacks Rank #3 (Hold) company’s shares have gained 33.5% compared with the industry’s rally of 28.2%.
Stocks to Consider
Some better-ranked stocks are Dover Corporation (DOV - Free Report) , ITT Inc. (ITT - Free Report) and Macquarie Infrastructure Company . All these companies carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Dover surpassed estimates in each of the preceding four quarters, the average positive earnings surprise being 6.70%.
ITT outpaced estimates in each of the preceding four quarters, the average positive earnings surprise being 7.85%.
Macquarie outpaced estimates twice in the preceding four quarters, the average positive earnings surprise being 5.34%.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
See 5 Stocks Set to Double>>