Honeywell Technologies reported third-quarter organic sales growth of 7% year over year. It generated strong results across all three business segments, but shares traded flat on Oct. 22.
The shift away from siloed, transactional sales toward connected systems with software overlays should continue to lower the cyclicality of operating performance and raise switching costs.
The spun-off aerospace business segment displayed strong countercyclical characteristics. Honeywell Technologies’ remaining portfolio risks outsize operating income declines in economic downturns.
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Metric
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HON
|
ASSA B
|
ALLE
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.14 | 23.81 | 21.39 |
Price/Book Value | 3.09 | 3.56 | 7.07 |
Price/Sales | 3.19 | 2.75 | 3.54 |
Price/Cash Flow | 55.61 | 17.47 | 18.09 |
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Metric
|
HON
|
ASSA B
|
ALLE
|
|---|---|---|---|
Quick Ratio | 0.76 | 0.65 | 1.14 |
Current Ratio | 0.96 | 1.09 | 1.90 |
Interest Coverage | 10.11 | 8.61 | 9.57 |
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Metric
|
HON
|
ASSA B
|
ALLE
|
|---|---|---|---|
Return on Assets (Normalized) | 7.41% | 7.67% | 14.13% |
Return on Equity (Normalized) | 31.23% | 15.61% | 36.10% |
Return on Invested Capital (Normalized) | 12.16% | 10.87% | 20.04% |
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