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
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Honeywell International : Pursues Purchase Of Evoqua -- WSJ

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/06/2017 | 08:48am CEST
By Dana Mattioli and Thomas Gryta 

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (October 6, 2017).

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]

Stocks mentioned in the article
ChangeLast1st jan.
SIEMENS 0.19% 116.54 Delayed Quote.2.99%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HONEYWELL INTERNATIONAL
06/20HONEYWELL INTERNATIONAL : Federal Contracts Awarded to Companies in Indiana (Jun..
AQ
06/20HONEYWELL INTERNATIONAL : Kicks Off Largest Industrial Customer Gathering With a..
AQ
06/20HONEYWELL INTERNATIONAL : New 'Honeywell Connected Aircraft Report' Reveals Airl..
AQ
06/20HONEYWELL INTERNATIONAL : MILITARY $31,023 Federal Contract Awarded to Honeywell..
AQ
06/20HONEYWELL INTERNATIONAL : Airworthiness Directives; Honeywell International Inc...
AQ
06/20HONEYWELL INTERNATIONAL : MILITARY $283,436 Federal Contract Awarded to Honeywel..
AQ
06/19HONEYWELL INTERNATIONAL : Federal Contracts Awarded to Companies in Florida (Jun..
AQ
06/19HONEYWELL INTERNATIONAL : MILITARY $54,400 Federal Contract Awarded to Honeywell..
AQ
06/19HONEYWELL INTERNATIONAL : New 'Honeywell Connected Aircraft Report' Reveals Airl..
PR
06/19HONEYWELL INTERNATIONAL INC : Change in Directors or Principal Officers (form 8-..
AQ
More news
News from SeekingAlpha
06/19DIVIDEND SENSEI'S PORTFOLIO UPDATE 3 : 3 Reasons You Should Avoid This Dangerous.. 
06/18HONEYWELL : A Dividend Stock With Low Upside 
06/18DIVIDEND PORTFOLIO REVIEW : New Dividend Record 
06/15Honeywell (HON) Presents At UBS Global Industrials & Transportation Conferenc.. 
06/15Yokogawa Electric Looks Undervalued, But Consider The Reasons Why 
Financials ($)
Sales 2018 43 122 M
EBIT 2018 8 212 M
Net income 2018 6 061 M
Debt 2018 7 829 M
Yield 2018 2,05%
P/E ratio 2018 18,47
P/E ratio 2019 16,79
EV / Sales 2018 2,78x
EV / Sales 2019 2,64x
Capitalization 112 B
Chart HONEYWELL INTERNATIONAL
Duration : Period :
Honeywell International Technical Analysis Chart | HON | US4385161066 | 4-Traders
Technical analysis trends HONEYWELL INTERNATIONAL
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 172 $
Spread / Average Target 17%
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-2.04%112 002
3M COMPANY-13.26%121 214
SIEMENS2.99%116 493
GENERAL ELECTRIC COMPANY-23.78%114 646
ILLINOIS TOOL WORKS-10.91%49 364
JARDINE MATHESON HOLDINGS LIMITED2.44%46 021