How Activist Investor Elliott’s Involvement Could Drive Honeywell’s (HON) Growth

Insider Monkey11-16 23:02

Honeywell International stock has returned 25% in the last 5 years, a significant underperformance to the S&P 500 Industrials’ 76% return. Thus subdued share price, the recent bullish momentum, and a ...

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Thus subdued share price, the recent bullish momentum, and a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/activist-investor-elliott-involvement-could-150214076.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0098860793.USD","symbol_name":"FRANKLIN INCOME \"A\" INC","start_time":0,"source_url":"https://finance.yahoo.com/news/activist-investor-elliott-involvement-could-150214076.html","article_id":"2483517385","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/.GVyhibzgsxORyUig7UPbg--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/280dc736de4db5a16a3e96983fe8b2f5"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483517385","pubTimestamp":1731769334,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Honeywell International stock has returned 25% in the last 5 years, a significant underperformance to the S&P 500 Industrials’ 76% return. 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Aerospace is the large","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4581":"高盛持仓","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","BK4504":"桥水持仓","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU0106831901.USD":"贝莱德世界金融基金A2","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","BK4127":"投资银行业与经纪业","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","BK4516":"特朗普概念","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0971096721.USD":"富达环球金融服务 A","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4585":"ETF&股票定投概念","LU1548497426.USD":"安联环球人工智能AT Acc","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4206":"工业集团企业","HON":"霍尼韦尔","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4550":"红杉资本持仓","BK4588":"碎股","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H"},"translate_title":"激进投资者埃利奥特的参与如何推动霍尼韦尔(HON)的增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HON":1},"content_text":"Honeywell International stock has returned 25% in the last 5 years, a significant underperformance to the S&P 500 Industrials’ 76% return. Thus subdued share price, the recent bullish momentum, and a $5 billion stake by activist investor Elliott Management are three good reasons why buying the stock at current levels is worth it.\nHoneywell International, Inc. is a technology and manufacturing company that serves industries like aerospace, building technologies, and performance materials. It was founded in 1906 and is headquartered in Morris Plains, New Jersey.\nThe company’s leading products include avionic systems, turbine engines, and safety technologies for commercial and defense aerospace. It also makes building access control systems, fire detection and suppression systems, and heating, ventilation, and lighting control systems.\n\nThe company makes advanced materials and personal protective equipment, sensors, and safety systems for industrial applications as well.\nThe revenue of the company is well diversified, with 35% of it coming from the Aerospace division. Building Technologies represent roughly 28%, Performance Materials and Technologies contribute about 22%, and Safety and Productivity Solutions amount to 15% of the total revenue generated by the company.\nHoneywell’s end markets cover a wide variety of industries like aerospace, healthcare, manufacturing, logistics, retail, and energy. Some of its main customers include Boeing, Unitech Technologies Corporation, General Electric, American Airlines, and the U.S. government.\nThe reason for our bullish thesis lies in the company’s recent corporate restructuring. In October, it announced that the advanced materials unit was being spun off into a separate listed entity. The stock price reacted positively to this news.\nThe news of Elliott Management taking a $5 billion stake in the company is also likely to contribute further bullish momentum. The activist investor believes the company is at an inflection point and separating its Aerospace and Automation divisions can improve the business performance, eventually benefitting the shareholders through share price appreciation.\nThe company’s industrial automation division has been underperforming while the business as a whole is struggling to deal with cost pressures. The company reduced its full-year revenue and profit forecast after the recent Q3 earnings.\nEven though the industrial automation segment is down by 5%, it is more than compensated for by the double-digit topline growth in the Aerospace and Building Automation departments. This suggests the overall business is doing well in terms of demand and better management can significantly improve the operating profits.\nThis is also backed by the fact that the US airline capacity is just normalizing after the COVID-19 downturn. Aerospace is the largest source of revenue for the company and growth in the aviation market should directly impact the company’s topline.\nMoreover, a 1.93% dividend yield gives investors exactly the kind of safety they need when betting on improved management of a company. We’re bullish on the stock and believe the activist investor pressure will force the company to further improve its corporate structure, resulting in a leaner business model.\nHoneywell isn't on our latest list of the 31 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held HON at the end of the second quarter which was 52 in the previous quarter. While we acknowledge the potential of HON as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as HON but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.\nDisclosure: None. This article was originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Executive Changes","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483517385"}