Honeywell International Inc

HON: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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We Like That Honeywell's Conglomerate Structure Is Being Threatened by Elliott’s Stake

Nicholas Lieb

Nov 12, 2024

Elliott Investment Management released a letter the morning of Nov. 12, 2024, noting its $5 billion stake in wide-moat Honeywell and making the case to break the business into two entities: Honeywell Aerospace and Honeywell Automation. Our fair value estimate remains unchanged at $197 per share.

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Honeywell International Inc

We Like That Honeywell's Conglomerate Structure Is Being Threatened by Elliott’s Stake

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