HON catching up with markets. Europe easing money while trying to figure out how to do QE. No split in sight. Wait for new highs? Take a breather? Call A friend? Now what?
My Ouija board sez stick with it until Sept unless fate intervenes. The midterm elections will surely affect things unpredictably after that. Quien sabe?
Rex, you of all people surely know that folks in the 401k got their dividend on May 20 if they elected to reinvest it. That's a nice touch:
Dividend Cut-off Date, May 19, 2014.
Dividend Reinvestment Date, May 20, 2014.
Dividend Record Date, May 22, 2014.
Dividend Payable Date, June 10, 2014.
With H now flirting with the 52wk high again I imagine the stock split fanatics are going bananas.
There are many in the 401K that are under 55 and need extra income. Having the dividend sent home instead of being invested is a way to get some money out of the 401K without paying a penalty. Don't think Rex falls in that category but still a way to draw a "paycheck" from the plan. I remember over the years making sure 100% HON in time to qualify for the dividend so as to get the extra money to cover the kids education expenses etc. However, I was always putting in 15% as long as I can remember.
HON will not go to $100/share but it will go to $50/share after a 2 for 1 split which is the equivalent of $100. We need a split. The shares have to be more accessible to younger investors.
Won't happen, just like the $100 a share price. I don't believe "younger" investors want to invest in a dull company like this.
I have held HON (AlliedSignal) since 1982. It is a long term hold, so I believe you are right. It was a total bore as it made me money over the last 30+ years! Not a day-traders stock at all.
I sure did! I heard Cramer say the other day to not hold 100% of 401K contributions in your company's stock. When I worked for them, they matched dollar for dollar in stock, and I bought all stock with my contributions. If I had Cramer's philosophy, I would not be sitting where I am right now! But to be fair, this was a GREAT company...and still is! :-) It's no ENRON....!
Newsferatu reports that in the last 30 days there were 26 highly curated articles for Honeywell. 20 were Positive, 3 were Negative, and 3 were Neutral.
Could hit new all-time high this week with earnings on Friday.
Hope no bad words come out of Yellen's mouth at the congressional testimony Tuesday/Wednesday.
Just saying - augie
Well Honeywell is recovering but Yellen killed my small caps and tech stocks this morning with her comments.
Every large institution that wants to own Honeywell already has it in their portfolio. The only people left are the smaller investors. Young investors won't pay $96/share but they will buy at $40/share. I'll bet you that you didn't buy your shares $96/share. Also, I'll bet you've seen a stock split or two and have, over time, compounded your wealth because of it. I know I have. Honeywell is ripe for a 2 for 1 stock split. Then you will see it move to $60,$70/share and more over time. Without a split it will never reach $100.
Upright - I agree with there being a psychological impact of a stock split. However, to say that HON can't get over 100 without a split is not practical. There are many stocks trading over 100 today. How did they break the 100 barrier? In HON sector, stocks like UTX, PH, NOC, BA and several others all made it over the 100 mark. The impact of a split is very short-term and the main drivers of stock price remain revenue, earnings, op-margin, and cash-flow.
At the high end of the new Honeywell five year plan, the stock could easily be well over $200.
I wish I could outlive the money. Rex has the right idea, cash-out and spend it!!