Summit Global Investments, AIA Group Ltd, Principal Financial Group, and various others have increased their stake in Honeywell International Inc. (HON). However, New York State Common Retirement Fund and Sen. Sheldon Whitehouse have sold off their shares. As there was significant trading activity, Honeywell's stock outperformed its competitors on a strong trading day. The industrial conglomerate has announced a rise in its dividend to $1.13 and beaten Q3 earnings estimates, which triggered a 3.25% rise in share price on Nov 6. However, a supposed disappointment in revenue and outlook caused a dip in Honeywell stock. Honeywell is planning a spin-off of its Advanced Material Unit and a partnership with Google for integrating AI with industrial data, aiming at automating operations in the industrial sector. Honeywell has also declared participation in several upcoming investor conferences. Despite a few downgrades and criticisms, some analysts like Jim Cramer and Zacks Research believe Honeywell is still a good investment.
Honeywell International HON News Analytics from Thu, 25 Apr 2024 07:00:00 GMT to Sat, 09 Nov 2024 14:32:23 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -2
