Honeywell Announces Cooperation Agreement with Elliott Management

Honeywell International ( (HON) ) has provided an update.

On May 28, 2025, Honeywell International Inc. announced a Cooperation Agreement with Elliott Investment Management, leading to the appointment of Marc Steinberg to its Board of Directors, effective May 31, 2025. This strategic move is part of Honeywell’s plan to separate into three independent companies, aiming to drive operational improvements and unlock significant value for shareholders.

The most recent analyst rating on (HON) stock is a Buy with a $227.00 price target. To see the full list of analyst forecasts on Honeywell International stock, see the HON Stock Forecast page.

Spark’s Take on HON Stock

According to Spark, TipRanks’ AI Analyst, HON is a Outperform.

Honeywell International’s strong financial performance, particularly in income growth and cash flow, is a significant strength. While technical indicators and valuation present some concerns regarding potential overvaluation and bearish momentum, recent corporate events and strategic initiatives provide a favorable outlook for long-term growth. The company’s earnings call reflects cautious optimism amid economic uncertainties.

To see Spark’s full report on HON stock, click here.

More about Honeywell International

Honeywell is an integrated operating company that serves a wide range of industries globally. The company focuses on automation, future aviation, and energy transition, supported by its Honeywell Accelerator operating system and Honeywell Forge IoT platform. Honeywell provides solutions in Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions to enhance safety, security, and sustainability worldwide.

Average Trading Volume: 4,614,836

Technical Sentiment Signal: Strong Buy

Current Market Cap: $145.5B

See more data about HON stock on TipRanks’ Stock Analysis page.