Honeywell Pops As It Mulls This Move Echoing GE Aerospace

Blockhead12-17

Honeywell (HON) confirmed on Monday that it is mulling a separation of its high-growth, high-margin aerospace business after an activist investor pushed for a breakup of one of the few remaining U.S. ...

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Honeywell stock rose on Monday.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7049":"互联网与直销零售","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4534":"瑞士信贷持仓","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU2298322129.HKD":"BGF SUSTAINABLE ENERGY \"A2\" (HKDHDG) ACC","BK7072":"石油与天然气的储存和运输","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4602":"量子计算概念","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0724618433.USD":"BGF NEW ENERGY \"A4\" (USD) INC","SOLV":"Solventum","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","HON":"霍尼韦尔","GEV.AU":"Global Energy Ventures","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4501":"段永平概念","GE":"GE航空航天","BK4198":"医疗保健用品","BK4588":"碎股","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4551":"寇图资本持仓","GEV":"GE Vernova Inc.","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BA":"波音","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","BK4512":"苹果概念","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","MMM.AU":"Marley Spoon","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","MMM":"3M","BK4182":"重型电气设备","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","CEO":"中海油","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1978683503.SGD":"Blackrock Sustainable Energy A2 SGD-H","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","BK4187":"航天航空与国防","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4516":"特朗普概念","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD"},"translate_title":"霍尼韦尔(Honeywell)正在考虑此举，以呼应通用电气航空航天公司(GE Aerospace)","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOLV":1,"BA":1,"HON":1,"GEV.AU":1,"GEV":1,"GE":1,"CEO":1,"MMM":1,"MMM.AU":1},"content_text":"Honeywell (HON) confirmed on Monday that it is mulling a separation of its high-growth, high-margin aerospace business after an activist investor pushed for a breakup of one of the few remaining U.S. conglomerates. In morning trade, Honeywell stock led the Dow Jones Industrial Average higher.\nHoneywell Considers A GE-Style Breakup\nIn a news release, Honeywell said its board has made \"significant progress\" on a strategic review to date. The GE Aerospace (GE) rival and Boeing (BA) supplier promised an update on moves to unlock shareholder value with its next quarterly earnings report, due at the end of January.\nActivist firm Elliot Investment Management, which manages roughly $70 billion in assets, welcomed the news. \"We believe the portfolio transformation (CEO) Vimal (Kapur) and his team are leading represents the right course for Honeywell,\" the firm said in its response to the news. \"We look forward to the upcoming completion of the review and to supporting Honeywell as it implements the necessary steps to realize its full value.\"\nAn earlier letter from Elliott addressed to Honeywell's board of directors on Nov. 12 revealed it held a $5 billion stake in the company and advocated for the spinoff of the Aerospace Technologies business. The letter advised a split into two companies, separating the aerospace unit from the automation, energy and sustainability solutions businesses.\n\n\n\n↑\nX\n\n\n\n\nTricky Rotations But Tech Leaders Surge; GOOGL, AVGO, CRDO In Focus\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nTricky Rotations But Tech Leaders Surge; GOOGL, AVGO, CRDO In Focus\n\n\n\n\nAnalysts sized a standalone Honeywell aerospace business at $90 billion-$120 billion market value, including debt.\nEarly in 2024, investors rewarded the former General Electric for its own transformational breakup. The Honeywell rival spun out GE Aerospace (GE) and GE Vernova (GEV), an energy play, as independent companies in April.\nAmong other 2024 spinoffs, fellow conglomerate 3M (MMM) spun out Solventum (SOLV) in April as well.\nHoneywell Stock Leads Dow Jones Higher\nShares popped more than 3% on the stock market today, leading the Dow Jones Industrial Average's advance. Honeywell stock climbed above the top of the buy range from an October breakout past 220.79.\n\nGE stock rose on Monday to bounce off the 200-day moving average, which has fallen below the 50-day line. 3M stock dipped below the 50-day line. Vernova and Solventum gained.\nUnder CEO Kapur, Honeywell has sought to streamline and simplify its business. General Electric followed a similar track, leading GE stock to soar ahead of the emergence of GE Aviation, which kept the GE ticker symbol.\n'More Transformational Changes'\nIn January, Honeywell said it would focus on growth opportunities in automation, aviation and energy, while shedding other businesses. CEO Kapur said on Monday that the company continues \"evaluating more transformational changes.\"\nBut Honeywell stock has lagged this year. That led Elliott Investment Management to swoop in, with the activist investor pushing for a breakup after taking a more than $5 billion position in the conglomerate.\nHoneywell stock, which has increased its dividend for 14 consecutive years, offers a 1.95% yield. The Dow stock's 12% gains so far this year owe almost entirely to a rally in the final quarter of 2024.\nThe company has made the dividend a priority in recent years. It's targeting at least $25 billion toward dividends, acquisitions, capital expenditures and share buybacks through 2025, Kapur said in September, while announcing a hike in the HON stock dividend from $4.32 to $4.52 per share.\nPlease follow Aparna Narayanan on X @IBD_Aparna for more coverage.\nYOU MAY ALSO LIKE:\nBest Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists\nJoin IBD Live And Learn Top Chart Reading And Trading Techniques From Pros\nLearn How To Time The Market With IBD's ETF Market Strategy\nFind The Best Long-Term Investments With IBD Long-Term Leaders","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"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":"4.29.3","shortVersion":"4.29.3","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/2492645188"}