Honeywell International Inc.’s Stock Price Soars to $236, Experiencing a Robust 3.68% Increase

Honeywell International Inc. (HON)

236.00 USD +8.38 (+3.68%) Volume: 8.17M

Honeywell International Inc.’s stock price stands at 236.00 USD, witnessing a remarkable surge of +3.68% in the latest trading session. With a trading volume of 8.17M and a year-to-date increase of +11.97%, HON’s stock performance shows strong market resilience and investor confidence.

Latest developments on Honeywell International Inc.

Honeywell International Inc. (NASDAQ:HON) is facing potential stock price movements as it weighs the possibility of splitting its aerospace business following pressure from activist investors like Elliott. With institutional owners dominating 79% of the shares, Honeywell is exploring strategic alternatives to unlock shareholder value, including a potential spinoff of its aerospace unit. The company’s stock has been on the rise amid speculation about a breakup, with BofA Securities maintaining a neutral rating and a $240 target price. Honeywell’s review of transformational portfolio actions comes after Elliott’s endorsement of the aerospace division separation, signaling a significant move that could impact the company’s future.

Honeywell International Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided insightful coverage on Honeywell International. In their report titled “Honeywell International Inc.: Will Their Acquisition of Air Products’ LNG Business & Geographical Expansion Be A Game Changer? – Major Drivers,” they highlighted the company’s robust operational execution in the third quarter of 2024. Despite sales falling short of expectations, Honeywell exceeded its adjusted earnings per share and segment margin guidance. The report also discussed strategic shifts within the company, including senior leadership changes and significant M&A activities aimed at reinforcing Honeywell’s core focus on automation, future aviation, and energy transition.

In another report by Baptista Research, titled “Honeywell International: Portfolio Optimization & Acquisitions With An Emphasis on Long-Cycle Business Growth! – Major Drivers,” analysts discussed Honeywell’s mixed performance in the second quarter of 2024. While the company faced challenges in certain areas, its earnings per share and adjusted EPS exceeded guidance, and it achieved strong organic growth, particularly in the aerospace sector. The report emphasized the company’s diversified portfolio and highlighted the importance of long-cycle business growth for Honeywell’s overall performance.

A look at Honeywell International Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Honeywell International has a positive long-term outlook overall. The company scores well in Dividend, Growth, and Momentum, indicating strong performance in these areas. With a focus on providing aerospace products, control technologies, automotive products, and energy-efficient solutions, Honeywell International is positioned for growth and resilience in the market.

While the company scores lower in Value and Resilience, Honeywell International‘s strengths in Dividend, Growth, and Momentum suggest a promising future. As a diversified technology and manufacturing company with a wide range of products and services, Honeywell International is well-positioned to continue its success in the global market.

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