Honeywell International Inc. (HON) has recently been making significant developments according to the news. The company has outperformed the broader market, reaching a 12-month high and reporting expected earnings growth. Multiple firms including
Vontobel Holding Ltd,
Good Life Advisors LLC,
Exchange Traded Concepts LLC, and
EP Wealth Advisors LLC have raised their holdings in Honeywell. However, some investors appear to be reducing their positions. HON has partnered with
Chevron to harness AI technologies to optimize oil refining operations. Predictions are optimistic for the company's upcoming earnings report.
Jim Cramer commented that Honeywell does not seem to have much of an edge in the market at present. The company announced CFO succession and cut its profit guidance, leading some to suggest the time may not be right to buy its stock. Complicating matters further, it is in talks to sell its PPE unit for $1.5 billion. Still, it has been recognized as a top dividend giant, with a yield of 2.17%. HON plans to spin off its advanced materials unit and collaborate with
Qualcomm on AI-enabled energy solutions.
Honeywell International HON News Analytics from Fri, 19 Jan 2024 19:26:16 GMT to Sat, 19 Oct 2024 07:53:47 GMT -
Rating 5
- Innovation 7
- Information 9
- Rumor 3
