Honeywell International Inc. (HON) shares rallied 3.7% in the last trading session to close at $236. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.6% loss over the past four weeks.Shares of Honeywell rallied as the company announced that it has been actively following its business transformation strategy that aims to unlock values for its shareholders. The company recently declared that it has made signif ...

Key TakeawaysHoneywell's latest update on its ongoing portfolio review noted the company was considering spinning off its aerospace business.Honeywell explained that it was considering "transformational changes" in the firm.Activist investor Elliott Investment Management, which holds a more than $5 billion stake and has called for a shakeup of the company, said it welcomed the statement. Honeywell International (HON) shares advanced Monday as the conglomerate issued an update on its portfolio review begun ...

Industrial conglomerate Honeywell International Inc (NASDAQ:HON) said it is considering selling its aerospace unit, and expects an update in January after the release of its fourth-quarter earnings results.In response, HON was last seen 1.8% higher at $231.60. The equity is keeping well above $224, a level that it gapped above in early November after activist investor Elliot Investment Management revealed a more than $5 billion stake in Honeywell and initially floated the idea of breaking the company up. Fo ...

WEST PALM BEACH, Fla., Dec. 16, 2024 /PRNewswire/ -- Elliott Investment Management L.P. (together with its affiliates "Elliott") today released the following statement attributed to Partner Marc Steinberg and Managing Partner Jesse Cohn regarding Honeywell International Inc. (NYSE: HON) ("Honeywell"). Elliott welcomes Honeywell's announcement today of its ongoing review of strategic alternatives, including the separation of its Aerospace business. We believe the portfolio transformation Vimal and his team a ...

CHARLOTTE, N.C., Dec. 16, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today that its Board of Directors continues the comprehensive business portfolio evaluation launched earlier this year by Chairman and CEO Vimal Kapur to explore additional strategic alternatives for unlocking shareholder value, including the potential separation of its Aerospace business. The Board has made significant progress to date, and Honeywell plans to provide an update with its fourth quarter 2024 earnings release. "Si ...

25-year contract anchored by Honeywell Forge Enterprise Performance Management software Construction of Victoria's first all-electric hospital supports state's progress to achieving net zero by 2050MELBOURNE, Australia, Dec. 4, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) has been selected as the building automation provider for the new Melton Hospital, a 274-bed facility that will be Victoria's first fully electric hospital. Honeywell will help provide comprehensive management for building automation syst ...

CHARLOTTE, N.C., Nov. 26, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced an update to the company's participation at the upcoming Goldman Sachs Industrials and Materials Conference.Vimal Kapur, Chairman and Chief Executive Officer of Honeywell, will present instead of Billal Hammoud, President and Chief Executive Officer of Honeywell Building Automation, at the Goldman Sachs Industrials and Materials Conference in New York City on Thursday, December 5, 2024, from 8:00 a.m. - 8:35 a.m. EST.A re ...

Sale enables Honeywell to further simplify and optimize its businesses in alignment with three powerful megatrends: automation, the future of aviation and energy transition Positions Honeywell to continue to deliver profitable growth and strong cash generation, creating compelling long-term value for shareowners.CHARLOTTE, N.C., Nov. 22, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today that it has agreed to sell its Personal Protective Equipment (PPE) business to Protective Industrial Products ...

The Honeywell logo is seen on a balloon at the Warsaw Institute of Aviation in Warsaw, Poland on 04 ... [+] October, 2024. The annual Aviation Night is an event to help promote engineering and showcase the world of aviation. (Photo by Jaap Arriens/NurPhoto via Getty Images)NurPhoto via Getty ImagesGiven its better valuation and prospects, we believe Honeywell stock (NYSE: HON) is currently a better pick than its sector peer, 3M stock (NYSE: MMM). HON stock trades at 22x forward expected earnings, versus 18x ...

Honeywell International Inc. (HON) has been benefiting from strength in its commercial aviation aftermarket business, driven by solid demand in the air transport and business aviation markets. In the third quarter of 2024, its commercial aviation aftermarket sales increased 8% year over year. Also, solid momentum in the commercial aviation original equipment business, backed by an improvement in build rates and an increase in air transport hours, has been favorable. In the third quarter, sales from this bus ...