Honeywell International Inc. (NASDAQ:HON) has recently attracted significant interest from financial analysts and the market. A $260 per share breakup value has been estimated by Jefferies, following speculation regarding a potential break up and/or divesting of the corporation's Aerospace Business. Several financial institutions and hedge funds, including M&T Bank Corp and Principal Financial Group Inc., have increased their positions in Honeywell. Simultaneously, the stock rose 3.7%, prompting discussion over possible additional upside. Honeywell shares have also been upgraded to a 'Buy' rating at StockNews.com and Jefferies Financial Group, primarily driven by considerations of a potential aerospace breakup. However, amidst these positives, the stock also experienced minor falls in value and was assigned an 'average' and 'neutral' rating by brokerages and BofA Securities, respectively. One factor of concern was Honeywell's revenue and future outlook, which Wall Street found disappointing. Recent updates show an increase in the company's dividend to $1.13 and successful Q3 earnings that exceeded Wall Street expectations. Honeywell's strategic decision to contemplate breaking up its aerospace division to unlock shareholder value is yet to play out fully. Meanwhile, several investors have reduced their stakes.
Honeywell International HON News Analytics from Mon, 22 Jul 2024 07:00:00 GMT to Sat, 21 Dec 2024 09:14:47 GMT -
Rating 7
- Innovation 7
- Information 8
- Rumor -2
