Honeywell International Inc. (HON) has been in focus with an underperformance against the market trend. Various financial organizations such as
Merritt Financial Group,
Carnegie Investment Counsel, and
Empirical Asset Management are raising their stakes while some are reducing positions or issuing pessimistic forecasts, indicating mixed investor sentiment. The company is reportedly planning a breakup amidst pressure from
Elliott Partners, predicting some organizational reshaping. Expectations are also high for a split announcement on
February 6. HON's market performance has fluctuated, with shares moving by
-1.01% in a significant development. The company recorded the stock's frequent sale by several companies like
Burney Co. and
Eastern Bank, yet some investors like the
Czech National Bank are increasing positions. Investors also need to note the possible reduction of the
price target to
$231.00 by JP Morgan Chase & Co. Furthermore, Honeywell's
dividend increase can't be overlooked, a positive gesture towards shareholders. Despite numerous sales of shares, HON also made gains in the market, potentially opening room for further market examination. The company's rumored split and record high speaks of potential growth, prompting possible stock worthiness in the portfolio.
Honeywell International HON News Analytics from Mon, 09 Sep 2024 07:00:00 GMT to Sat, 18 Jan 2025 11:58:26 GMT -
Rating 4
- Innovation 6
- Information 8
- Rumor -3
