Honeywell International Inc. (NASDAQ:HON) has made significant moves in the market recently, with a range of asset management firms investing and divesting in its shares. Notably, Greystone Financial Group LLC has increased its stake in Honeywell, while others such as Compass Capital Corp MA ADV and Boyd Watterson Asset Management LLC have also boosted their holdings. The company has also announced its intention to separate its automation and aerospace divisions to create three independent industry-leading companies. However, following GE's footsteps in this decision has been met with mixed responses from investors. Additionally, Honeywell has seen a 20.7% decrease in short interest and declared a quarterly dividend of $1.13. Despite the recent news, the company's stock has experienced a significant dip in the market significantly compared to the broader market. Jim Cramer also suggested that Honeywell is acting according to Elliot Partners' preferences. Finally, the company confirmed plans for a three-way split, a decision expected to bring about considerable changes in its market footprint and operations.
Honeywell International HON News Analytics from Wed, 11 Dec 2024 08:00:00 GMT to Sat, 22 Feb 2025 14:01:19 GMT -
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