Honeywell Advances Strategic Review, Explores Aerospace Business Separation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2024
0mins
Should l Buy HON?
Source: Benzinga
Honeywell's Strategic Review: Honeywell International Inc. is conducting a comprehensive evaluation of its business portfolio, which may include separating its Aerospace division, with updates expected in the fourth-quarter 2024 earnings release.
Investor Support and Recent Moves: Elliott Investment Management supports Honeywell's strategic review, while the company plans to spin off its Advanced Materials business by late 2025 or early 2026 and has sold its PPE business for $1.325 billion.
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Analyst Views on HON
Wall Street analysts forecast HON stock price to fall
15 Analyst Rating
8 Buy
6 Hold
1 Sell
Moderate Buy
Current: 239.830
Low
195.00
Averages
235.07
High
262.00
Current: 239.830
Low
195.00
Averages
235.07
High
262.00
About HON
Honeywell International Inc. is an integrated operating company serving a range of industries and geographies around the world, with a portfolio that is underpinned by its Honeywell Accelerator operating system and Honeywell Forge platform. The Company provides actionable solutions for aerospace, building automation, industrial automation, process automation, and process technology. The Company supplies products, software, and services for aircrafts that it sells to original equipment manufacturers (OEM) and other customers in a variety of end markets. The Company’s portfolio of solutions and services is used in buildings worldwide for fire prevention, controls, access and security. Its offerings serve as the fundamental building blocks of industrial automation. Its sensor technologies and value-added smart edge devices offer connectivity across a variety of sensing and measurement applications. The Company offers a comprehensive portfolio of end-to-end process automation solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Record Date for Shareholders: The record date for this dividend payment is set for February 27, 2026, ensuring that shareholders holding stock on this date will receive the dividend, thereby enhancing investor confidence in the company.
- Company Background: Honeywell operates as an integrated company providing solutions across various industries globally, supported by its Honeywell Accelerator and Honeywell Forge platforms, showcasing its strengths in technological innovation and market competitiveness.
- Forward-Looking Statements: The company notes that future performance may be influenced by macroeconomic and geopolitical risks, emphasizing the importance of maintaining robust operations in an uncertain environment.
See More
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- Quarterly Dividend Announcement: Honeywell has declared a quarterly dividend of $1.19 per share.
- Shareholder Benefit: This dividend is part of Honeywell's ongoing commitment to return value to its shareholders.
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- Cisco Earnings Impact: Cisco's earnings report on Wednesday, despite a networking order growth exceeding 20%, saw shares drop over 10% on Thursday due to a dip in gross margins from rising memory prices, reflecting market concerns over its profitability.
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