THE STOCK RECEIVES ALERT AND REVERSES EARLY DOWNTREND TO CLIMB HIGHER
Industrial firm Honeywell plans to spin off its advanced-materials business to shareholders. The separation should be complete by the end of 2025 or early 2026.
Honeywell International (HON) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
HON's measures to consistently reward shareholders through dividends and share buybacks hold promise.
HON gains from strength in its Aerospace unit, acquired assets and shareholder-friendly policies. Softness in the warehouse and workflow solutions unit remains concerning.
The collaboration between HON and Qualcomm aims to boost workers' efficiency in distribution centers and retail industries.
Honeywell International Inc. (HON) concluded the recent trading session at $206.78, signifying a +0.74% move from its prior day's close.
Honeywell International Inc. has strong long-term potential, particularly in aerospace and defense, but current growth metrics lag sector peers, justifying a 'Hold' rating. Despite a robust dividend history and solid cash flow, Honeywell's high valuation and margin pressures suggest waiting for a better entry point. Recent acquisitions have bolstered revenue but raised concerns about long-term sustainability and integration costs, impacting short-term profits and margins.
In the most recent trading session, Honeywell International Inc. (HON) closed at $204.24, indicating a -0.21% shift from the previous trading day.
Honeywell International Inc. (HON) reachead $204.04 at the closing of the latest trading day, reflecting a +1.54% change compared to its last close.
Honeywell International Inc. (NASDAQ:HON ) Morgan Stanley's 12th Annual Laguna Conference September 11, 2024 10:35 AM ET Company Participants Vimal Kapur - Chairman & CEO Conference Call Participants Christopher Snyder - Morgan Stanley Christopher Snyder Well, thank you everybody, for being here. I'm super excited to be here.
Growth in Honeywell's aerospace business next year will be determined by its ability to supply parts to Boeing and Airbus , not demand, the industrial giant's CEO said at a conference on Wednesday.