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Honeywell split is the 'last outlier' in 'de-merge' trend

Following activist investor pressure, Honeywell International (HON) confirmed plans to split its businesses into three companies: Honeywell Automation, Honeywell Aerospace, and Advanced Materials. RBC Capital Markets managing director Deane Dray joins Julie Hyman and Josh Lipton on Market Domination to examine Honeywell's announcement and explain what investors can expect from the split. "Honeywell was the last outlier in a trend that's gone on for more than five years ... the urge to de-merge," Dray says. Dray notes that GE and United Technologies are two successful use cases of the de-merging trend, noting that doing so can "unlock value." The analyst also explains that "conglomerate" is "pejorative now because it implies that you have businesses that have been put together without an underlying strategy," noting that "multi-industry" is the preferred term. "Specialization, simplification, focused portfolio — that's what the market wants," Dray says. "[In the] longer term, you will get back into an M&A consolidation cycle. It won't look like the conglomerates of the 70s, but you will see companies making acquisitions in close adjacencies, and that will be the new modern version of the multi-industry sector." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.

Honeywell confirms plans to split into 3 companies

Honeywell International (HON) stock is in focus after the company confirmed plans to split its businesses into three companies: Honeywell Automation, Honeywell Aerospace, and Advanced Materials. The split comes after pressure from activist investor Elliott Management. Seana Smith and Brad Smith break down the change and what it means for investors. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.

Why legendary industrial giant Honeywell is breaking up

Honeywell is splitting up its iconic company. Here is why.

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Honeywell International Inc. (HON) Among Best Automation Stocks To Invest In

We recently published a list of 12 Best Automation Stocks To Buy According to Hedge Funds. In this article, we are going to take a look at where Honeywell International Inc. (NASDAQ:HON) stands against other best automation stocks to buy according to hedge funds. The rise of generative AI has skyrocketed automation, while robotics are […]

Owens Corning Declares First-Quarter 2025 Dividend

TOLEDO, Ohio, February 06, 2025--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.69 per common share. The dividend will be payable on April 10, 2025, to shareholders of record as of March 10, 2025.

Rotoplas: Fourth Quarter 2024 Results

Grupo Rotoplas S.A.B. de C.V. (BMV: AGUA*) ("Rotoplas", "the Company"), America's leading company in water solutions, reports its unaudited fourth quarter 2024 results. The information has been prepared in accordance with the International Financial Reporting Standards (IFRS).

Delta Air Lines Declares Quarterly Dividend

Delta Air Lines' (NYSE:DAL) Board of Directors today declared a quarterly dividend of $0.15 per share. The dividend is payable to shareholders of record as of the close of business on February 27, 2025, and will be paid on March 20, 2025.

ASUR Announces Total Passenger Traffic for January 2025

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR), ASUR, a leading international airport group with operations in Mexico, the U.S. and Colombia, today announced that passenger traffic for January 2025 reached a total of 6.4 million passengers, representing an increase of 1.7% compared to January 2024.

Huachen AI Parking Management Technology Holding Co., Ltd Announces Closing of Initial Public Offering

JIAXING, CHINA, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Huachen AI Parking Management Technology Holding Co., Ltd (the "Company") (NASDAQ: HCAI), a comprehensive smart parking solutions and equipment structural parts provider with all operations through the operating subsidiaries in China, today announced the closing of its initial public offering (the "Offering") of 1,500,000 ordinary shares, par value $0.00000125 (the "Ordinary Shares") at a public offering price of $4.00 per share for total gross p

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Callan JMB Announces Closing of $5.12 Million Initial Public Offering

SPRING BRANCH, Texas, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Callan JMB Inc. (NASDAQ: CJMB) (“Callan” or the “Company”), an integrative logistics company empowering the healthcare industry and emergency management agencies through exceptional fulfillment, storage, monitoring, and cold chain logistics services, today announced the closing of its previously announced initial public offering (the “Offering”) of 1,280,000 shares (the “Shares”) of common stock (“Common Stock”) at an initial public offerin

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MSA Safety Showcasing Automatic Leak Detection and Monitoring Expertise at AHR Expo

The spotlight on refrigerant leak detection, monitoring and reporting has never been brighter as the HVAC and refrigeration (HVAC-R) industry navigates regulatory changes in their market. To help HVAC-R businesses address these changes, MSA Safety, Inc. (NYSE: MSA) will be showcasing its leak detection and monitoring management solution capabilities at next week's AHR Expo in Orlando, Florida, February 10th through 12th.

Electric-truck maker Nikola nears bankruptcy filing, WSJ reports

Phoenix, Arizona-based Nikola was working with law firm Pillsbury Winthrop Shaw Pittman to explore options including a sale or restructuring of the company in bankruptcy, according to the report. Nikola and the law firm did not immediately respond to Reuters requests for comment. The electric-truck maker was exploring options, including selling parts of its business or the entire company, Bloomberg News reported last month.

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Axon Enterprise Inc. (AXON) – AI-Powered Law Enforcement & Public Safety Solutions

We recently published a list of Top 10 AI Stocks to Watch Amid US-China AI War. In this article, we are going to take a look at where Axon Enterprise Inc. (NASDAQ:AXON) stands against other top AI stocks to watch amid US-China AI war. The US supremacy in artificial intelligence is at risk more than […]

Terex Announces Quarterly Dividend

Terex Corporation (NYSE: TEX) announced that its Board of Directors declared a quarterly dividend of $0.17 per share. The dividend is to be paid on March 19, 2025 to all stockholders of record as of the close of business on March 7, 2025.

Powell Industries Announces First Quarter Fiscal 2025 Results

HOUSTON, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the first quarter fiscal 2025 ended December 31, 2024. All comparisons are to the first quarter of fiscal 2024, unless otherwise noted. First Quarter Key Financial Highlights: Revenues totaled $241 million, an increase of 24%;Gross profit of $60 million, or 24.7% of reven