In a flurry of market activity, Honeywell International Inc. (NASDAQ:HON) has been subject to significant buys and sells from a myriad of financial entities. From LPL Financial LLC and German American Bancorp Inc. adding shares, to Strategy Asset Managers LLC and Fifth Third Wealth Advisors LLC divesting. Elliott Management made a major move by amassing a $5 billion stake in Honeywell, pushing for a substantial split to potentially increase value by 75%. A major strategic shift was marked by Honeywell's $1.3 billion sale of its PPE business. The stock demonstrated relative underperformance despite daily gains, sparking debate among industry analysts. Honeywell's decision to increase its dividend to $1.13 is another key move. Impromptu suggestions to retain Honeywell stocks and considerable stake inclusions from firms such as Pacer Advisors gives a positive outlook. Despite some sell-outs by entities like Commerce Bank and Eagle Asset Management, new positions taken by Portfolio Design Labs LLC and others point to sustained interest in the stock. With February 2025 options available, analysts ponder over the stock's future trajectory.
Honeywell International HON News Analytics from Thu, 25 Jul 2024 07:00:00 GMT to Sat, 23 Nov 2024 11:29:03 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor 2
