Honeywell International Inc. (NASDAQ:HON) shares experienced numerous acquisitions and trimming by various asset management companies. The stock price has witnessed an increasing trend, up
12% this month and 100% since 2020. The company announced that it was going to increase its
dividend to $1.13. Their P/E is considered reasonable and it is predicted that Honeywell International is positioned for economic recovery. The company outperformed the broader market and they are due to report earnings growth next week. However, after
Elliott Management invested over $5 billion in the company, their stock dipped but still reaches all-time high. Honeywell reported record backlog in their Q3 earnings. Controversially, Jim Cramer reversed his stance on Honeywell after Elliott Management's intervention and stated, 'I don't see much edge here'.
Elliot's involvement could drive Honeywell's growth. Honeywell is also planning to break up and sell its PPE business in a major shift and they plan to attend investor conferences. Despite turbulent times, the company's
shareholders will receive a higher dividend than last year.
Honeywell International HON News Analytics from Mon, 22 Jul 2024 07:00:00 GMT to Sat, 30 Nov 2024 11:30:58 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -5
