Honeywell International Stock News

The industrial conglomerate model has hindered Honeywell's ability to innovate and drive shareholder value.

Honeywell International Inc (NASDAQ:HON ) Baird Global Industrials Conference November 12, 2024 8:20 AM ET Company Participants Ken West - President and CEO, Energy and Sustainability Solutions Conference Call Participants Peter Arment - Baird Peter Arment Okay. Good morning, everyone.

On November 12, 2024, Activist investor Elliott Investment Management LP (Elliott) stated in a letter addressed to Honeywell's Board of Directors that it wants Honeywell International Inc. (NYSE: HON, $233.07, Market Capitalization: $151 billion) to spin-off its Aerospace Technologies (AT) business. In the letter, Elliott revealed that it has acquired a stake worth $5.0 billion in Honeywell, on...

Stocks were lower and yields were higher on Tuesday, with markets reflecting the uncertain transition from campaign promises to real-world policies.

A breakup of Honeywell's businesses could result in major upside for the blue chip stock over the next two years, the activist investor says.

Activist investor Elliott Investment Management has taken a more than $5 billion stake in Honeywell International Inc (NYSE:HON, ETR:ALD) and is pushing for the industrial giant to split up its aerospace and automation businesses. In a letter to the company's board on Tuesday, Elliott said Honeywell would benefit from a simplified structure and a separation could create two sector leaders that ...

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.

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.