HON Launches New Advisory Services - Analyst Blog


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Honeywell International Inc. ( HON ) launched a fresh collection of professional services combining cloud-based tools and analytics with a global network of operations centers, along with energy and facility experts. The new Attune™ Advisory Services will reduce utility bills and operating expenses by up to 20%.

These services will enhance energy and operational efficiency of the building owners. With the technology and support of the new system, energy consumption and operating cost of the building will drop and strategy for managing and optimizing a facility will be built.

According to the International Energy Agency (IEA), nearly 40% of energy in most countries is consumed by buildings. Any technique to save energy is significant. The new Attune™ Advisory Services includes Energy Awareness, Energy Improvement, Energy Optimization and Operational services.

Honeywell's strong product portfolio and expanded global presence developed over the past ten years positions it well to achieve its guidance. The company maintains its strategy of Great Positions in Good Industries, One Honeywell and the Five Initiatives - Growth, Productivity, Cash, People and the Enablers. Based on these, the company is confident of performing well as it moves ahead.

For further expansion, the company is focused on growth factors, such as investments in new products, technology demarcation, expansion in the emerging markets along with initiatives in key processes. Honeywell's short-cycle businesses as well as its commercial aerospace spares and residential and commercial retrofit businesses are performing impressively and are expected to support the company's future growth outlook.

However, a change in the U.S. government's defense and aerospace funding could adversely impact sales of Aerospace's defense and space-related products and services.

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

We maintain a Zacks #3 Rank (Hold recommendation) over the next one-to-three months on Honeywell.

BORG WARNER INC ( BWA ): Free Stock Analysis Report
HONEYWELL INTL ( HON ): Free Stock Analysis Report
JOHNSON CONTROL ( JCI ): Free Stock Analysis Report
UTD TECHS CORP ( UTX ): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Stocks
More Headlines for: BWA , HON , JCI , UTX

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