Honeywell Stock Steadies Amid Spin-Off Scrutiny
Honeywell International Inc.'s stock price has steadied amidst investor scrutiny over its spin-off, which has left investors wondering how much of the industrial group's earnings power has been separated from the parent company.
The latest reported quarter saw $4.35 billion in revenue and EPS of $6,340,000.00, while current-year EPS expectations stand at 7.75 and the consensus price target sits at $224.17.
Institutional positioning has also been active, with a recent filing showing a new 61,550-share purchase worth $13.8 million in the second quarter.