Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Honeywell International    HON

HONEYWELL INTERNATIONAL (HON)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Honeywell International : Pursues Acquisition of Evoqua Water Technologies -- Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/05/2017 | 11:41pm CEST
By Dana Mattioli and Thomas Gryta 

Honeywell International Inc. is pursuing an acquisition of water-filtration company Evoqua Water Technologies, which is laying the groundwork for an initial public offering, according to people familiar with the matter.

Evoqua, owned by private-equity firm AEA Investors LP, has been running a so-called dual-track process, simultaneously preparing for an IPO while running a takeover auction, the people said. Even though Evoqua filed publicly for the IPO this week, bidders including Honeywell remain interested in possibly buying the company, some of the people said.

Evoqua is worth around $3 billion, including debt, one of the people said. It is likely to become clear this month whether Evoqua goes public or is sold, this person said.

Evoqua helps municipalities and industrial customers with wastewater treatment. The company has a hand in treating more than 70% of U.S. municipal wastewater capacity, according to its website.

AEA purchased Siemens Water Technologies from Siemens AG for around $870 million in 2014 and changed the unit's name to Evoqua.

Honeywell, based in Morris Plains, N.J., is an industrial giant with a market capitalization of over $100 billion that makes an array of products including jet engines and rubber boots. It also provides building technology, industrial-automation products and water-processing systems.

A deal would be the first major move by Honeywell Chief Executive Darius Adamczyk, who took the reins in April. Shortly after he came into the job, activist investor Third Point LLC made a public push for Honeywell to spin off its aerospace unit. The company has been working with advisers on a review of its portfolio, the results of which are expected soon.

While Honeywell executives have indicated the company is likely to make moves to narrow its focus, Mr. Adamczyk has said he is open to acquisitions in the range of $3 billion or less.

"This is not just about subtraction, it's also about addition and we've been a very acquisitive company for a long time and we're going to continue to be that," he said in an interview last month.

In March, General Electric Co. agreed to sell its water business to France's Suez SA and one of Canada's largest pension funds for $3.4 billion. That divestiture was the sole condition from the Justice Department for approval of GE's combination with Baker Hughes Inc.

Write to Dana Mattioli at [email protected] and Thomas Gryta at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HONEYWELL INTERNATIONAL
07/21HONEYWELL INTERNATIONAL : Rides Sales Momentum -- WSJ
DJ
07/20HONEYWELL INTERNATIONAL : Microsoft and Honeywell rally while Skechers and GE sl..
AQ
07/20HONEYWELL INTERNATIONAL : Increases Sales Guidance Despite Posting Lower Profit ..
DJ
07/20Honeywell eyes supplier shift to avoid tariff hit
RE
07/20HONEYWELL INTERNATIONAL : On Pace for Largest Percent Increase Since March 2016 ..
DJ
07/20HONEYWELL INTERNATIONAL : climbs on latest quarterly figures
AQ
07/20HONEYWELL INTERNATIONAL : Increases Sales Guidance Despite Posting Lower Profit
DJ
07/20HONEYWELL INTERNATIONAL : Inc. to Host Earnings Call
AC
07/20HONEYWELL : 2Q Earnings Snapshot
AQ
07/20HONEYWELL INTERNATIONAL INC : Results of Operations and Financial Condition (for..
AQ
More news
News from SeekingAlpha
07/20Will Two Straight Good Quarters Mark A Turn For ABB? 
07/20Honeywell +4% after strong Q2, guidance raise; starting supplier shift 
07/20Honeywell International, Inc. (HON) CEO Darius Adamczyk on Q2 2018 Results - .. 
07/20Honeywell International, Inc. 2018 Q2 - Results - Earnings Call Slides 
07/20Honeywell +2.8% raising full year outlook 
Financials ($)
Sales 2018 43 119 M
EBIT 2018 8 093 M
Net income 2018 5 971 M
Debt 2018 7 536 M
Yield 2018 1,98%
P/E ratio 2018 19,38
P/E ratio 2019 17,43
EV / Sales 2018 2,73x
EV / Sales 2019 2,58x
Capitalization 110 B
Chart HONEYWELL INTERNATIONAL
Duration : Period :
Honeywell International Technical Analysis Chart | HON | US4385161066 | 4-Traders
Technical analysis trends HONEYWELL INTERNATIONAL
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 174 $
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Darius Adamczyk Chairman & Chief Executive Officer
Thomas A. Szlosek Chief Financial Officer & Senior Vice President
Krishna Mikkilineni SVP-Engineering Operation & Information Technology
Jaime Chico Pardo Lead Independent Director
Bradley T. Sheares Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
HONEYWELL INTERNATIONAL-0.15%110 202
3M COMPANY-14.35%119 688
GENERAL ELECTRIC COMPANY-24.81%119 250
SIEMENS0.56%117 512
ILLINOIS TOOL WORKS-11.98%49 276
JARDINE MATHESON HOLDINGS LIMITED8.21%48 230