Why did Honeywell International move?
Written after the close on
Honeywell edged up despite weak industrials. Over the last five trading days Honeywell slipped only slightly, holding up better than the industrial sector, which fell clearly, and roughly matching a slightly weaker broader market. The most likely support came from a roughly $300 million contract to supply process technology for Dangote's planned Kenyan refinery, alongside a reaffirmed dividend and full-year guidance, both landing in the past few days. A completed spin-off of its aerospace and advanced-materials units has left it a leaner automation-focused company, which likely keeps sentiment mixed as investors weigh its cheaper valuation against process-market weakness. Watch the late-October earnings report for whether guidance still holds.
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