US4385161066 - Common Stock
Where Honeywell stock shines is its B+ Accumulation/Distribution Rating, which shows that mutual funds, ETFs and the like are eager buyers.
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A standalone Honeywell aerospace business could be worth up to $120 billion.
Shares are up 3% Monday after Honeywell responded to activist investor Elliott's call to break up the company.
Honeywell's latest update on its ongoing portfolio review said the company was considering spinning off its aerospace business.
Honeywell said that it may calve its aerospace division from the conglomerate, sending shares up more than 2% before the opening bell Monday. The announcement arrives about one month after Elliott Investment Management revealed a stake of more than $5 billion in the aerospace, automation and materials company. In a letter sent to Honeywell’s board, Elliott said that the company needed to simplify its structure as it deals with uneven execution, inconsistent financial results and an underperforming stock price.
Honeywell International (HON) on Monday said it is evaluating a potential separation of its aerospac
U.S. stock futures rose slightly as investors await Wednesday's Fed meeting.
CEO Vimal Kapur said the company has been moving swiftly to optimize its portfolio since aligning its business this past January to three megatrends – Automation, the Future of Aviation and Energy Transition.
These are the stocks posting the largest moves in premarket trading.
Honeywell said on Monday it was considering a plan to separate its high-margin aerospace business, a move backed by activist investor Elliott Investment.
(Bloomberg) -- Honeywell International Inc. said it’s considering strategic options, including the possible separation of its aerospace business, a month after Elliott Investment Management called for a breakup of the industrial group.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAmerican Institute of Architects CEO ResignsHoneywell is “well-positioned
Honeywell International Inc. said it’s considering strategic options, including the possible separation of its aerospace business, a month after Elliott Investment Management called for a breakup of the industrial group.
Honeywell International said on Monday its board continues to review its business portfolio, including a potential separation of the aerospace business, sending the conglomerate's shares up nearly 3% in premarket trading. The board has made significant progress to date and the company plans to provide an update when it reports its fourth-quarter results, it said. The move comes after activist investor activist Elliott Investment Management called for a split of the company's aerospace and automation businesses after taking a more than $5 billion stake.
/PRNewswire/ -- Elliott Investment Management L.P. (together with its affiliates "Elliott") today released the following statement attributed to Partner Marc...
/PRNewswire/ -- Honeywell (NASDAQ: HON) announced today that its Board of Directors continues the comprehensive business portfolio evaluation launched earlier...
The latest trading day saw Honeywell International Inc. (HON) settling at $227.62, representing a -0.03% change from its previous close.
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Wall Street analysts touted three Club industrial stocks in a Monday research note.