Loading...
Market
Where will Honeywell rank among US industrial companies by market cap by end of 2025?
2
Resolution / Starting Odds
Top 3 • 25%
Top 5 • 25%
Top 10 • 25%
Outside Top 10 • 25%
Financial data from platforms like Bloomberg or Yahoo Finance
Story
Honeywell Shares Surge as Elliott Builds $5 Billion Stake, Urges Breakup of Aerospace and Automation Units
Nov 12, 2024, 01:35 PM
Activist investor Elliott Management has amassed a stake exceeding $5 billion in Honeywell International Inc., marking its largest investment in a single company. Elliott confirmed the investment and is pushing for Honeywell to consider a breakup, specifically advocating the separation of its aerospace and automation divisions into independent companies, similar to moves by its industrial peers. The firm predicts a 51% to 75% increase in Honeywell's share price over two years following the breakup. Following the news, Honeywell shares jumped as much as 9.2% in pre-market trading, reaching record levels.
View original story
Similar markets
Moves up in ranking • 25%
Remains the same • 25%
Moves down in ranking • 25%
Ranking data unavailable • 25%
Outperforms peers • 25%
Performs on par with peers • 25%
Underperforms peers • 25%
Performance data unavailable • 25%
Top 3 • 25%
Top 5 • 25%
Top 10 • 25%
Outside Top 10 • 25%
1st • 25%
2nd to 5th • 25%
6th to 10th • 25%
11th or lower • 25%
1st • 25%
2nd • 25%
3rd • 25%
4th or lower • 25%
1st • 25%
2nd • 25%
3rd • 25%
4th or lower • 25%
Outperform S&P 500 • 25%
Match S&P 500 • 25%
Underperform S&P 500 • 25%
Other performance • 25%
4th to 6th • 25%
7th to 10th • 25%
Outside top 10 • 25%
Top 3 • 25%
Top 5 but not Top 3 • 25%
Top 10 but not Top 5 • 25%
Below Top 10 • 25%
Acquisition • 25%
Divestiture • 25%
Spin-off • 25%
No major move • 25%