Honeywell Cashes Out: $1.325 Billion PPE Business Sale Fuels Bold Portfolio Transformation [Yahoo! Finance]
Honeywell International Inc. (HON)
Last honeywell international inc. earnings: 5/1 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
investor.honeywell.com
Company Research
Source: Yahoo! Finance
Equipment (PPE) business to Protective Industrial Products, Inc. (PIP) for $1.325 billion in an all-cash deal This move aligns with Honeywell's strategy to streamline its portfolio, focusing on core businesses and pursuing high-return acquisitions that support its three key megatrends: automation, the future of aviation, and energy transition. This sale follows Honeywell's 2021 divestiture of its Lifestyle and Performance Footwear Business to Rocky Brands for $230 million, marking the company's exit from the PPE sector. However, Honeywell will retain its gas detection portfolio within the Industrial Automation segment. The sale of the PPE business is expected to close in the first half of 2025, pending customary conditions. Vimal Kapur, Chairman and CEO of Honeywell said, ”Now with this transaction, the business will be positioned to accelerate its growth trajectory as it benefits from Odyssey's historic investing in the PPE sector and scaling similar businesses to expand in
Show less
Read more
Impact Snapshot
Event Time:
HON
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HON alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HON alerts
High impacting Honeywell International Inc. news events
Weekly update
A roundup of the hottest topics
HON
News
- HONEYWELL TO SELL PERSONAL PROTECTIVE EQUIPMENT BUSINESS TO PROTECTIVE INDUSTRIAL PRODUCTS [Yahoo! Finance]Yahoo! Finance
- Protective Industrial Products, Inc. to Acquire Honeywell’s Personal Protective Equipment BusinessBusiness Wire
- HONEYWELL TO SELL PERSONAL PROTECTIVE EQUIPMENT BUSINESS TO PROTECTIVE INDUSTRIAL PRODUCTSPR Newswire
- Pick Honeywell Over 3M Stock? [Forbes]Forbes
- Refrigerants Market to Be Worth $10.5 Billion by 2031 - Exclusive Report by Meticulous Research® [Yahoo! Finance]Yahoo! Finance
HON
Earnings
- 10/24/24 - Beat
HON
Sec Filings
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- 11/13/24 - Form 4
- HON's page on the SEC website