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HONEYWELL INTERNATIONAL INC.

(HON)
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Honeywell International Inc. Introduces New Robotic Technology to Help Warehouses Boost Productivity, Reduce Injuries

09/23/2021 | 09:17am EDT

Honeywell International Inc. announced its latest innovation in robotic technology designed to help warehouses and distribution centers automate the manual process of unloading pallets, reducing the operational risks of potential injuries and labor shortages. Driven by sophisticated machine learning and advances in perception and gripping technologies, the company's Smart Flexible Depalletizer minimizes the need for manual labor to break down pallet loads – roles that carry risk of injury to labor, experience high turnover and are currently difficult to staff. A typical medium- to large-sized distribution center unpacks up to several thousand pallets per day, with the probability of errors, injuries and worker fatigue increasing during each shift. The depalletizer's articulated robotic arm is guided by advanced vision and perception technologies, which allow cases to be picked from a single- or mixed-SKU pallet on a fixed or mobile location. The latest computer vision technology identifies the exact location of every case on the pallet, while perception software automatically recognizes a wide variety of packaging. This technology allows for seamless handling of a continuous flow of pallets in any sequence without requiring any pre-programming or operator intervention. The advanced machine learning and motion planning optimizes the movements of the robotic arm to ensure maximum picking speed and efficiency. The control logic also senses the weight of each item as the robot lifts it and automatically updates its gripping response to transfer each product securely and effectively. The more the solution picks, the more it learns and continues to improve in quickly and efficiently unloading pallets. The robot can work in conjunction with pallet conveyance autonomous mobile robots, enabling continuous operation of the system while providing the flexibility to stage pallets and empty stacks virtually anywhere the robot is capable of traveling.


© S&P Capital IQ 2021
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Financials (USD)
Sales 2021 34 636 M - -
Net income 2021 5 630 M - -
Net Debt 2021 7 700 M - -
P/E ratio 2021 26,8x
Yield 2021 1,76%
Capitalization 150 B 150 B -
EV / Sales 2021 4,54x
EV / Sales 2022 4,20x
Nbr of Employees 103 000
Free-Float 71,2%
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Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 217,40 $
Average target price 242,09 $
Spread / Average Target 11,4%
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Managers and Directors
Darius Adamczyk Chairman & Chief Executive Officer
Gregory P. Lewis Chief Financial Officer & Senior Vice President
Krishna Mikkilineni SVP-Engineering Operation & Information Technology
Suresh Venkatarayal Chief Technology Officer
Victor J. Miller Secretary, Chief Compliance Officer & VP
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