HON Stock Recent News

Honeywell International (HON, Financial) shares rose by 1.8% following the company's strategic announcement to spin off its advanced materials unit into a new independent, publicly traded company. This move is part of Honeywell's broader strategy to streamline operations and concentrate on core business areas, enhancing growth prospects.

THE STOCK RECEIVES ALERT AND REVERSES EARLY DOWNTREND TO CLIMB HIGHER

Following the path of industrial giants 3M (MMM, Financial) and GE Aerospace (GE, Financial), Honeywell (HON, Financial) is set to streamline its operations by spinning off business units that do not align with its long-term growth strategy. Honeywell announced plans to spin off its Advanced Materials business into a new publicly traded company by late 2025 or early 2026, aiming to enhance shareholder value.

Industrial firm Honeywell plans to spin off its advanced-materials business to shareholders. The separation should be complete by the end of 2025 or early 2026.

Honeywell (HON) shares are rising 3% in premarket trading after the conglomerate said it plans to spin off its Advanced Materials division as it joins its peers in pursuing a more focused strategy.

"The Dow® [adds a stock] if the company has an excellent reputation,

Honeywell International (HON) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Honeywell International (HON), Accenture (ACN), City Holding Company (CHCO) and First United (FUNC) recently announced dividend hikes.

Sideways action is the key play found in today's Big 3. These names are trading close to their 52-week highs but continue to search for a breakout.

The acquisition of Air Products' LNG technology and equipment business is likely to bolster HON's energy transition portfolio.