Honeywell International Inc. (HON)
Honeywell Stock Hits All-Time High After Elliott Discloses More Than $5B Stake
Honeywell International (HON) shares jumped Tuesday to an all-time high after Elliott Investment Management said it has built a $5 billion-plus position in the industrials conglomerate and is seeking a breakup of the company.
Elliott Management targets Honeywell with $5 billion stake, pushes for major restructuring
Honeywell International Inc. (NASDAQ: HON) is facing pressure from Elliott Management after the activist investor revealed a more than $5 billion stake in the industrial giant. Elliott is urging Honeywell to split its Aerospace and Automation divisions, a move it believes could unlock significant value, projecting up to 75% upside by 2026.
Honeywell's stock leaps toward a record after activist investor pushes for a breakup
Shares of Honeywell International Inc. rallied into record territory Tuesday after activist investor Elliott Investment Management L.P. disclosed a large stake and said it was pushing for a breakup of the company.
Activist investor Elliott Management has $5 billion Honeywell stake, seeks breakup
Activist investor Elliott Management has a $5 billion-plus stake in industrial conglomerate Honeywell and is pushing the company to break itself up into two businesses. Elliott believes that if Honeywell were to separate its Aerospace and Automation businesses, Honeywell shareholders could see 75% upside within two years.
Honeywell: Why I Am Buying The Drop
Honeywell reported better-than-expected profits in Q3 2024 but reduced its full-year sales and profit forecast due to cost pressures and weaker performance in Industrial Automation. Aerospace Technologies and Building Automation segments showed strong double-digit sales growth, helping to offset a 5% sales decline in Industrial Automation. Despite the sell-off, Honeywell remains appealing for passive income investors with a reliable 2% dividend yield and a lower valuation, especially with potential for long-term dividend growth.
Honeywell Stock: Plenty Of Bullish Tailwinds Into 2025
Honeywell reported its Q3 earnings with strong momentum in Aerospace Technologies, balancing weaker trends from Industrial Automation. The company's efforts to lift margins higher are proving successful, supporting a positive earnings outlook. HON stock could be undervalued assuming top-line growth rebounds into 2025 and beyond.
Honeywell Stock Catches Third Downgrade, Loses Another Bull
Wolfe Research's Nigel Coe downgraded Honeywell stock to Hold from Buy, and removed a $233 price target.
Honeywell sales projections fall short due to ongoing supply-chain disruptions
Honeywell projected annual sales below Wall Street expectations and missed quarterly revenue estimates on Thursday as the industrial giant struggles with persistent supply-chain disruptions and weakness in its industrial automation business.
Honeywell's Q3 Earnings Beat Estimates, Aerospace Sales Rise Y/Y
HON's third-quarter 2024 results benefit from growth in commercial aviation and defense & space end markets. Persistent softness across the warehouse & workflow solutions business hurts results.
Honeywell Stock Falls After Its Revenue, Outlook Disappoint Wall Street
Honeywell International (HON) shares declined Thursday after the aviation and safety equipment manufacturer missed sales estimates and lowered its revenue guidance as demand for its industrial automation products slumped.
Why Honeywell Stock Is Down Today
A slight earnings beat doesn't mask headwinds impacting the business.
Honeywell International Inc. (HON) Q3 2024 Earnings Call Transcript
Honeywell International Inc. (NASDAQ:HON ) Q3 2024 Earnings Conference Call October 24, 2024 8:30 AM ET Company Participants Sean Meakim - Vice President of Investor Relations Vimal Kapur - Chairman and Chief Executive Officer Greg Lewis - Senior Vice President and Chief Financial Officer Conference Call Participants Julian Mitchell - Barclays Steve Tusa - JPMorgan Nigel Coe - Wolfe Research Scott Davis - Melius Research Chris Snyder - Morgan Stanley Sheila Kahyaoglu - Jefferies Deane Dray - RBC Capital Markets Joe Ritchie - Goldman Sachs Andy Kaplowitz - Citigroup Operator Thank you for standing by, and welcome to the Honeywell Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
