|Day's Range||131.35 - 132.38|
|52 Week Range||105.25 - 135.00|
|PE Ratio (TTM)||20.76|
|Dividend & Yield||2.66 (2.02%)|
|1y Target Est||N/A|
Honeywell International will decide whether to break off its aerospace division by the fall and it continues to work with advisers after activist Third Point made a public push last month for a spinoff....
Honeywell International Inc said on Tuesday it would decide by fall this year whether to separate its aerospace business, a move hedge fund Third Point LLC wants the U.S. industrial conglomerate to pursue. Third Point, run by billionaire Dan Loeb, last month said Honeywell should spin off the aerospace division, saying the separation could create more than $20 billion in shareholder value. "I am aligned with Third Point ... we do have an opportunity to simplify our portfolio.
Honeywell touted its aerospace business as being "in a great position in a growing industry," amid pressure from an activist investor who argues it would perform better as a spinoff.