Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Honeywell (HON) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Honeywell International (HON) shares rose Thursday as the conglomerate announced it was buying aerospace and defense contractor CAES Systems Holdings from private equity firm Advent International for about $1.9 billion.
Industrial giant Honeywell announced a $2 billion deal to expand its defense tech offerings. Honeywell stock is in a buy zone.
Honeywell has agreed to buy aerospace and defense technology company CAES Systems for roughly $2 billion from private equity firm Advent International, The Wall Street Journal reported on Thursday.
Honeywell International has struck a roughly $2 billion deal to buy aerospace and defense technology company CAES Systems from private-equity firm Advent International, according to people familiar with the matter.
The latest trading day saw Honeywell International Inc. (HON) settling at $212.87, representing a +0.43% change from its previous close.
Honeywell (HON) benefits from strength in its Aerospace unit, acquisitions and shareholder-friendly policies. Softness in the warehouse and workflow solutions unit is concerning.
The latest trading day saw Honeywell International Inc. (HON) settling at $208.50, representing a -0.47% change from its previous close.
I believe in a strong commercial aerospace industry, supported by Airbus' projection of 41k new passenger aircraft demand through 2024. Post-pandemic recovery has led to an acceleration in global traffic, particularly in long-haul flights, contributing to a better-than-expected demand environment. HON is in a good spot to generate elevated long-term growth, benefitting from commercial aerospace and other megatrends.
In the most recent trading session, Honeywell International Inc. (HON) closed at $208.45, indicating a -0.39% shift from the previous trading day.
Honeywell (NYSE: HON) stock has seen a rise of 5% in a week, faring better than its peer — General Electric stock – down 3%. The rise in HON stock in recent days can partly be attributed to the company's revision of its outlook for the full-year 2024 following its acquisition of Carrier's Global Access Solutions business.