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Honeywell (HON) Unveils Carbon & Energy Management Solution

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Honeywell International Inc. HON recently introduced Carbon and Energy Management solution, an addition to its sustainable buildings solutions portfolio, developed particularly for the building operators and the owners.

HON’s share price decreased 0.1% in Friday’s trading, eventually closing the session at $179.70.

Inside the Headlines

The Carbon and Energy Management solution helps making buildings sustainable and energy-efficient by continuously monitoring the energy consumption and carbon emission levels. Using Honeywell Forge’s machine-learning algorithms and artificial intelligence, the solution applies energy conservation measures, saving considerable energy costs as well as improving operational efficiency.

Its advanced features enable users to analyze energy usage data history of about three years, coupled with the environmental factors and live meter data to identify the maximum energy usage source. The solution, featuring a user-friendly dashboard, helps identify the total carbon emission level from different sources like electricity, fuel and gas. It collects the energy consumption data every 15 minutes, allowing building operators to achieve the carbon neutrality goals.

Honeywell’s Carbon and Energy Management solution is in line with its commitment to driving decarbonization in the society.

Zacks Rank, Price Performance and Earnings Estimate Trend

Honeywell, with a $122.3-billion market capitalization, currently carries a Zacks Rank #3 (Hold). HON is expected to benefit from strength in productivity solutions and services, advanced sensing technologies and gas detection businesses. However, weakness across the personal protective equipment business will adversely impact its near-term results.

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Shares of Honeywell have decreased 15.8% compared with the 26.4% decline of its industry in the past six months.

The Zacks Consensus Estimate for second-quarter 2022 earnings has decreased 0.5% to $2.03 in the past 60 days. However, earnings estimates for 2022 have moved 1.5% north to $8.68 during the same period.

Stocks to Consider

Some better-ranked companies from the Conglomerates sector are discussed below:

Griffon Corp. GFF presently sports a Zacks Rank #1 (Strong Buy). GFF’s earnings surprise in the last four quarters was 97%, on average. You can see the complete list of today’s Zacks #1 Rank stocks

In the past 60 days, Griffon’s earnings estimates have increased 80.5% for fiscal 2022 (ending September 2022). The stock has declined 80.5% in the past six months.

Carlisle Companies Inc. CSL presently flaunts a Zacks Rank of 1. CSL delivered a trailing four-quarter earnings surprise of 23%, on average.

In the past 60 days, Carlisle’s earnings estimates have increased 22.8% for 2022. CSL’s shares have declined 1.2% in the past six months.

3M Company MMM presently carries a Zacks Rank #2 (Buy). MMM delivered a trailing four-quarter earnings surprise of 13.8%, on average.

Earnings estimates of MMM have increased 6.1% for 2022 in the past 60 days. Its shares have declined 24.8% in the past six months.


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