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HON - Honeywell: The LNG Acquisition Is A Good Move But I Need More Information
Honeywell International Inc.
2024-07-10 15:10:38 ET
Summary
Honeywell International has agreed to acquire Air Product's LNG unit for $1.8B, aiming to capitalize on the growing LNG market.
The acquisition is expected to be immediately accretive to Honeywell's sales growth and margins, particularly benefiting from the demand in data center cooling.
Despite the potential growth opportunities, I maintain a hold rating on HON, awaiting more information on the impact of the acquisitions on the company's operations.