We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Honeywell's (HON) Forge Solution Selected by Lincoln Harris
Read MoreHide Full Article
Honeywell International Inc. (HON - Free Report) recently announced that its enterprise performance management solution — Honeywell Forge — has been selected by Lincoln Harris, a real estate solutions provider, to boost building maintenance and improve occupants’ experience.
Developed as a cost-effective solution, Honeywell Forge utilizes the company’s industry-leading asset and process control technology. The software as a service solution helps owners and operators of buildings and facilities to improve the process of collecting and analyzing data from their operations and act on it.
As noted, the Honeywell Forge solution has been implemented at some of the buildings managed by Lincoln Harris in Charlotte, NC, which include Honeywell's corporate headquarters at 855 South Mint Street. The company’s advanced software solution will empower Lincoln Harris to pull numerous building maintenance data points across several sites into a single dashboard. The solution will facilitate converting real-time data into actionable insights, thus helping to manage building functions efficiently.
Honeywell’s advanced software solution will help avoid unplanned downtime and provide advanced predictive information to make the building facilities safer and more secure. Also, it will help to reduce operating expenses, lower consumption of energy and improve space optimization management.
Current Business Scenario
Honeywell has been benefiting from strength in the warehouse and workflow solutions, UOP and advanced materials businesses. In the quarters ahead, its commercial and operational excellence initiatives are likely to aid.
However, weakness across the company’s personal protective equipment business might adversely impact its near-term results. It has also been dealing with high costs and expenses and supply-chain challenges, which might affect its margins and profitability.
The company faces stiff competition from several of its peers in the industry, like 3M Company (MMM - Free Report) , Rockwell Automation, Inc. (ROK - Free Report) and Raytheon Technologies Corporation (RTX - Free Report) . It’s worth noting that 3M is a key competitor of Honeywell’s Safety and Productivity Solutions business segment, while Rockwell Automation competes with the company’s Performance Materials and Technologies business segment. Raytheon Technologies competes with Honeywell’s Aerospace business segment.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Honeywell's (HON) Forge Solution Selected by Lincoln Harris
Honeywell International Inc. (HON - Free Report) recently announced that its enterprise performance management solution — Honeywell Forge — has been selected by Lincoln Harris, a real estate solutions provider, to boost building maintenance and improve occupants’ experience.
Developed as a cost-effective solution, Honeywell Forge utilizes the company’s industry-leading asset and process control technology. The software as a service solution helps owners and operators of buildings and facilities to improve the process of collecting and analyzing data from their operations and act on it.
As noted, the Honeywell Forge solution has been implemented at some of the buildings managed by Lincoln Harris in Charlotte, NC, which include Honeywell's corporate headquarters at 855 South Mint Street. The company’s advanced software solution will empower Lincoln Harris to pull numerous building maintenance data points across several sites into a single dashboard. The solution will facilitate converting real-time data into actionable insights, thus helping to manage building functions efficiently.
Honeywell’s advanced software solution will help avoid unplanned downtime and provide advanced predictive information to make the building facilities safer and more secure. Also, it will help to reduce operating expenses, lower consumption of energy and improve space optimization management.
Current Business Scenario
Honeywell has been benefiting from strength in the warehouse and workflow solutions, UOP and advanced materials businesses. In the quarters ahead, its commercial and operational excellence initiatives are likely to aid.
However, weakness across the company’s personal protective equipment business might adversely impact its near-term results. It has also been dealing with high costs and expenses and supply-chain challenges, which might affect its margins and profitability.
The company faces stiff competition from several of its peers in the industry, like 3M Company (MMM - Free Report) , Rockwell Automation, Inc. (ROK - Free Report) and Raytheon Technologies Corporation (RTX - Free Report) . It’s worth noting that 3M is a key competitor of Honeywell’s Safety and Productivity Solutions business segment, while Rockwell Automation competes with the company’s Performance Materials and Technologies business segment. Raytheon Technologies competes with Honeywell’s Aerospace business segment.