Honeywell Intl (NASDAQ:HON) Stock, Quote.Headers.trade-ideas

Honeywell Intl

Honeywell International

Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around 30% of its revenue from recurring aftermarket services.

Flags,Of,Puerto,Rico,And,The,Usa,Against,The,Background

Equities

Latin America

News

Markets

BPOP

EVTC

Only around 12% of Puerto Rico&#39;s residents currently have electricity, according to Luma Energy, the power company servicing the island.

Puerto Rico Blackout: 8 Stocks Affected By Island-Wide Power Outage

benzinga_deal_dispatch2

Asset Sales

Legal

AMPS

BABA

BIGGQ

COEP

CPNG

VIRX

Unlike Party City and Big Lots, The Container Store is staying in business. Plus, an oncology company searches for a deal.

Deal Dispatch: Party City Wraps Up, Big Lots Goes Bust, The Container Store Continues

quantum-cloud-image

Tech

General

ARKW

CLOU

GOOG

GOOGL

IONQ

MSFT

NVDA

QBTS

QTUM

QUBT

RGTI

WCLD

Quantum computing is poised to revolutionize industries by 2025, offering immense growth opportunities for investors in top stocks and ETFs.

Quantum Computing: The New AI? A Look at the Rapidly Expanding Market and Top Stocks For 2025

Honeywell International Inc. - Common Stock

Honeywell International Inc

HCM II Acquisition Corp. - Class A Ordinary Shares

HCM II Acquisition Corp

HarborOne Bancorp Inc

Hivemapper - United States dollar

Honat Bancorp Inc

Several companies could be affected by a widespread power outage <a href="https://www.benzinga.com/topic/puerto-rico">Tuesday in Puerto Rico</a>.
What Happened: Only around 12% of Puerto Rico&#8217;s residents currently have electricity, <a href="https://miluma.lumapr.com/outages/serviceStatus">according</a> to Luma Energy, the power company servicing the island.
In a post on X, Luma Energy <a href="https://x.com/lumaenergypr/status/1874081905856885124">said</a> the outage began at 5 a.m. on Tuesday and resulted from &#8220;a fault on an underground line.&#8221; The company gave an estimate of 24 to 48 hours for power to be restored.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Declaraciones (8:30 a.m.): LUMA activa operaciones de emergencia para restaurar la energía después de un apagón en todo el sistema   LUMA ha activado su Centro de Operaciones de Emergencia y actualmente está trabajando con Genera y demás colaboradores de generación para reiniciar…
&mdash; LUMA Puerto Rico (@lumaenergypr) <a href="https://twitter.com/lumaenergypr/status/1874081905856885124?ref_src=twsrc%5Etfw">December 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Power outages in Puerto Rico, a U.S. territory, have <a href="https://www.benzinga.com/general/movers-shakers/23/01/30481980/when-a-storm-leaves-you-without-power-for-days-what-do-you-do-yousolar-is-developing-solut">become more prevalent</a> in recent years after Hurricane Maria weakened the island&#8217;s electrical grid. The territory controversially privatized energy generation in 2023, giving control of power operations to Genera PR.
Puerto Rican Governor Pedro Pierluisi&nbsp;voiced displeasure with the companies&#8217; handling of the outage in a <a href="https://x.com/GovPierluisi/status/1874058818612527451">post</a> on X.
&#8220;We are demanding answers and solutions from both LUMA and Genera, who must expedite the restart of the generating units outside the fault area and keep the people duly informed about the measures they are taking to restore service throughout the Island.&#8221;
Companies Affected: LumaEnergy is a joint venture between Quanta Services Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>), an American infrastructure company, and ATCO, a Canadian company. Genera is a subsidiary of New Fortress Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>).
Several other publicly traded companies have operations in Puerto Rico.
Financial services companies Popular Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPOP#NASDAQ">BPOP</a>), OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) and First Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) service the island. Financial technology company Evertec Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) is based in San Juan.
Medical supply company Baxter International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAX#NYSE">BAX</a>) <a href="https://www.baxter.com/perspectives/community-engagement/global-response-hurricane-maria">manufactures</a> MINI-BAG and MINI-BAG Plus container systems in Puerto Rico. Honeywell International Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), a manufacturing conglomerate, also has operations on the island.
Since Tuesday is New Year&#8217;s Eve, companies may be less exposed to the outage, as operations may have wound down due to the holiday. Still, repeated outages may prove harmful to Puerto Rico&#8217;s economy.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/12/42737782/us-money-market-funds-hit-record-high-of-675-trillion-does-this-liquid-cash-pile-illustrate-latent-buying-power">US Money Market Funds Hit Record High Of $6.75 Trillion: Does This Liquid Cash Pile Illustrate Latent Buying Power?</a></li>
</ul>
Image: Shutterstock

<h2 class="wp-block-heading">Bankruptcy Block</h2>
Party City Holdco Inc., the one-stop-shop for all things celebration, is calling it a wrap. The company&#8217;s 700 stores are holding going-out-of-business sales. 
This is the second time Party City filed for Chapter 11 bankruptcy protection in two years. In 2023, a restructuring process eliminated almost $1 billion in debt — not enough to keep the party going.
Party City also faced some serious buzzkills like inflation and, per a New York Post <a href="https://nypost.com/2023/01/25/party-citys-founder-blames-bankruptcy-on-private-equity-firms/">interview</a> with the chain&#8217;s founder, Steve Mandell, shoddy leadership.
Party City is owned by investment firms such as Capital Group, Davidson Kempner and Silver Point Capital.
The Woodcliff Lake, New Jersey-based company filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.
Over 95% of Party City's 12,000 employees will stay on until <a href="https://www.cnn.com/2024/12/20/business/party-city-shut-down/index.html">Feb. 28</a> to help with the big cleanup.
The news of Party City&#8217;s demise came just days after bankrupt retailer Big Lots (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BIGGQ#OTC">BIGGQ</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42624759/big-lots-holds-liquidation-sales-analyst-pegs-competitor-as-major-beneficiary-market-share-capture-opportunity">failed to find a buyer</a>.
The retailer previously announced it was selling its assets to private equity firm Nexus Capital Management back in September. But now the deal is pretty much off the table.
In true clearance-sale spirit, the company is launching its "going out of business" blowout. It's also keeping hope alive by exploring other options. Whether that's cajoling Nexus back to the table or finding a new buyer remains to be seen. 
That&#8217;s not all. <a href="https://www.benzinga.com/news/asset-sales/24/11/42254293/deal-dispatch-stoli-bankrupt-ally-financial-to-sell-credit-card-unit">Benzinga Deal Dispatch reported</a> last month The Container Store was on the verge of bankruptcy. Recall how it was unable <a href="https://www.benzinga.com/markets/equities/24/10/41356027/whats-going-on-with-container-store-stock-after-getting-40m-investment-from-beyond">to ink a deal</a> with Beyond Inc. The <a href="https://www.businesswire.com/news/home/20241222725949/en/The-Container-Store-to-Execute-Comprehensive-Recapitalization-Transaction-with-Lender-Support-to-Best-Position-the-Company-for-Future-Success">filing</a> became official on Sunday, Dec. 22, in a Texas district court.
But unlike Party City and Big Lots, The Container Store is staying in business.
&#8220;Our strategy is sound,&#8221; said The Container Store CEO Satish Malhotra. 
The beloved storage solutions and in-home services provider is tidying up its finances. Up to 90% of the company's term loan lenders have jumped on board with a transaction support agreement. 
The Container Store will have $40 million in fresh funds and $45 million in debt reduction. All this means The Container Store is aiming keep its promises to partners, vendors and stakeholders without a hitch. 
The company expects to exit bankruptcy within the next 30 days. When it re-emerges, it will be a private company.
The Container Store&#8217;s Elfa business in Sweden remains unaffected. 
See Also: <a href="https://www.benzinga.com/24/12/42710061/cannabis-reform-2024-the-year-of-all-talk-and-no-action">Cannabis Reform 2024 — The Year Of All Talk And No Action</a>
<h2 class="wp-block-heading">New On The Block</h2>
Viracta Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRX#NASDAQ">VIRX</a>) is considering a sale. The oncology company — focused on virus-associated cancers — announced the process as part of a strategic review. Viracta voluntarily closed its pivotal Phase 2 NAVAL-1 trial of Nana-val for relapsed/refractory EBV+ lymphomas, citing no new safety concerns. CEO Mark Rothera remains optimistic about Nana-val&#8217;s future approval. 
<h2 class="wp-block-heading">Updates From The Block</h2>
Buyout firm TPG is in talks to acquire Altus Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>), a solar energy provider to commercial property owners and residential homes, Reuters reported on Dec. 23. A competing bid could emerge. 
Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)&nbsp;<a href="https://www.benzinga.com/news/24/12/42680655/alibaba-nears-4b-e-commerce-merger-with-south-koreas-e-mart-report">is close to merging</a>&nbsp;its South Korean operations with&nbsp;E-Mart Inc.&nbsp;in a deal valued at approximately $4 billion. This strategic move aims to bolster their position in South Korea&#8217;s competitive online retail market. The potential joint venture would combine the e-commerce assets of both companies. Discussions are ongoing, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-26/alibaba-is-said-to-near-4-billion-deal-with-korea-s-e-mart">reported</a>&nbsp;on Thursday.
<h2 class="wp-block-heading">Notes From The Block</h2>
In 2024, private equity and financial investors showed renewed interest, according to Bain &amp; Co. Deal value increased by 29% year-over-year due to <a href="https://www.benzinga.com/topic/interest-rates">slightly lower interest rates</a>.
Corporate M&amp;A, less impacted by minor debt cost changes, is projected to finish the year 12% higher than 2023, with a 7% rise in deal volume across all regions, the firm noted.
&#8220;Overall, the level of M&amp;A activity was a middling $3.5 trillion,&#8221; the firm <a href="https://www.bain.com/insights/looking-back-m-and-a-report-2025/">noted</a>. &#8220;That&#8217;s a number consistent with what we saw in the mid-2010s.&#8221;
For last week&#8217;s <a href="https://www.benzinga.com/news/rumors/24/12/42635878/deal-dispatch-honeywell-textron-soho-house-m-and-a-moves">Deal Dispatch, click here</a>. 
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42701686/bitcoin-could-slide-to-60000-technical-analyst-warns">Bitcoin Could Slide To $60,000, Technical Analyst Warns</a></li>
</ul>

Deep-pocketed investors have adopted a bullish approach towards Honeywell Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in HON usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Honeywell Intl. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 43% leaning bullish and 37% bearish. Among these notable options, 9 are puts, totaling $444,713, and 7 are calls, amounting to $758,796.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $240.0 for Honeywell Intl during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Honeywell Intl's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Honeywell Intl's whale trades within a strike price range from $200.0 to $240.0 in the last 30 days. 
<h3>Honeywell Intl 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735235130_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$54.0</td>
<td>$53.9</td>
<td>$54.0</td>
<td>$200.00</td>
<td>$221.4K</td>
<td align="right">951</td>
<td align="right">168</td>
</tr>
<tr>
<td>HON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$54.1</td>
<td>$53.8</td>
<td>$54.1</td>
<td>$200.00</td>
<td>$205.5K</td>
<td align="right">951</td>
<td align="right">89</td>
</tr>
<tr>
<td>HON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$54.1</td>
<td>$53.8</td>
<td>$54.1</td>
<td>$200.00</td>
<td>$135.2K</td>
<td align="right">951</td>
<td align="right">114</td>
</tr>
<tr>
<td>HON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$54.2</td>
<td>$54.1</td>
<td>$54.2</td>
<td>$200.00</td>
<td>$70.4K</td>
<td align="right">951</td>
<td align="right">38</td>
</tr>
<tr>
<td>HON</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$54.0</td>
<td>$53.9</td>
<td>$54.0</td>
<td>$200.00</td>
<td>$59.4K</td>
<td align="right">951</td>
<td align="right">127</td>
</tr>
</tbody>
</table>

<h3>About Honeywell Intl</h3>
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around 30% of its revenue from recurring aftermarket services.
Having examined the options trading patterns of Honeywell Intl, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Honeywell Intl</h3>
<ul>
<li>Currently trading with a volume of 808,572, the HON's price is up by 1.11%, now at $231.43. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 35 days.</li>
</ul>
<h3>Expert Opinions on Honeywell Intl</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $259.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Jefferies persists with their Hold rating on Honeywell Intl, maintaining a target price of $260. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Honeywell Intl, targeting a price of $268. 
&#x2A; An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $253. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Honeywell Intl with a target price of $260. 
&#x2A; An analyst from Goldman Sachs persists with their Buy rating on Honeywell Intl, maintaining a target price of $256. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Honeywell Intl options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Unpacking the Latest Options Trading Trends in Honeywell Intl

Quantum computing is emerging as a game-changing technology poised to revolutionize industries, much like how <a href="https://www.benzinga.com/general/market-summary/24/12/42569883/quantum-computing-rigetti-d-wave-skyrocket-up-to-300-in-5-sessions-after-google-unveils-willow-chip-but-analysts-urge-caution-not-every-tiktok-guitarist-is-the-next-taylor-swift" target="_blank" rel="noreferrer noopener">artificial intelligence (AI) has transformed the digital landscape</a>.
As we head toward 2025, experts predict that quantum computing will be the next major frontier in tech, unlocking unprecedented computational power and driving breakthroughs in fields such as cryptography, drug discovery, and optimization.
At the heart of quantum computing's potential is the quantum bit, or qubit, which can represent multiple states simultaneously, allowing quantum computers to process data exponentially faster than classical computers. In fact, recent advancements have already shown the immense promise of this technology.
For example, Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)
Quantum AI division, led by Hartmut Neven, recently unveiled its <a href="https://www.benzinga.com/tech/24/12/42397333/google-quantum-ais-new-willow-chip-can-do-in-minutes-that-supercomputers-would-take-10-septillion-years" target="_blank" rel="noreferrer noopener">latest quantum chip, Willow</a>. This chip reduces errors exponentially and completed a benchmark computation in under five minutes—an operation that would have taken one of the fastest supercomputers 10^25 years to finish.
The rise of quantum computing presents a compelling complement to AI, as it has the potential to enhance AI models and algorithms, helping unlock entirely new frontiers in science and technology. As this technology advances, it could usher in a new wave of innovation, particularly in industries reliant on complex data processing and problem-solving.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/12/42380768/quantum-computing-stocks-roundup-d-wave-rigetti-ionq-lead-the-charge-with-explosive-growth" rel="noreferrer noopener">Quantum Computing Stocks Roundup: D-Wave, Rigetti, IonQ Lead the Charge With Explosive Growth</a>
Market Growth and Investment Opportunities
The quantum computing market is set for explosive growth. According <a href="https://www.fortunebusinessinsights.com/u-s-quantum-computing-market-107727" target="_blank" rel="noreferrer noopener">to</a> Fortune Business Insights, the U.S. quantum computing market, valued at $138.2 million in 2022, is projected to skyrocket to $1.2 billion by 2030, growing at a CAGR of 31.7%. 
This surge is driven by increasing investment and initiatives like those outlined by the White House in May 2022.
For investors looking to capitalize on this booming sector, top companies include Top stocks to invest:
<ul>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>)</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</li>
<li>International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)</li>
<li>IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>)</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>)</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>)</li>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>)</li>
</ul>
Quantum-focused ETFs offer a diversified approach to investing in this transformative space. Per Rising Wave, <a target="_blank" href="https://risingwave.com/blog/top-quantum-computing-etfs-for-growth/" rel="noreferrer noopener">investing</a> in quantum computing ETFs offers a distinctive chance to participate in a technological revolution.
<ul>
<li>Defiance Quantum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTUM#NASDAQ">QTUM</a>)</li>
<li>WisdomTree Cloud Computing Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WCLD#NASDAQ">WCLD</a>)</li>
<li>Global X Cloud Computing ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOU#NASDAQ">CLOU</a>)</li>
<li>ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>)</li>
</ul>
As quantum computing approaches mainstream adoption, it will likely become one of the most exciting areas of growth in the tech industry over the next few years.

<h2 class="wp-block-heading">New On The Block</h2>
Honeywell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) is back at it again with big plans and boardroom brainstorms. This time, the Charlotte, North Carolina-based company is considering sending its aerospace business <a href="https://www.benzinga.com/news/asset-sales/24/12/42505835/honeywell-advances-strategic-review-explores-aerospace-business-separation">off to fly solo</a>. Recently, Honeywell unveiled plans to spin off its Advanced Materials business into a standalone public company by late 2025 or early 2026. Additionally, the company is selling its Personal Protective Equipment (PPE) business to Protective Industrial Products for $<a href="https://www.benzinga.com/24/11/42140202/honeywell-to-exit-ppe-business-with-1325-billion-sale-plans-advanced-materials-spinoff">1.325 billion in cash</a>.
Textron Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) has decided it's time to <a href="https://www.benzinga.com/news/guidance/24/12/42558931/textron-hits-the-brakes-on-powersports-strategic-shift-amid-soft-demand">hit the brakes on</a> its Powersports product line, part of the Industrial segment&#8217;s Textron Specialized Vehicles business. The segment manufactures snowmobiles and off-road vehicles under the Arctic Cat label. Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) is rumored to be interested in acquiring it. Textron expects to wrap up its restructuring in the first half of the new year.
DLocal, a Latin American payments provider with a market value of about $3.6 billion, is on the auction block. The Montevideo, Uruguay-based company hired Morgan Stanley to gauge takeover offers from bidders. Private equity firm General Atlantic is DLocal&#8217;s largest shareholder.
<h2 class="wp-block-heading">Updates From The Block</h2>
The European Commission <a href="https://www.benzinga.com/government/regulations/24/12/42621868/nvidia-secures-eu-approval-for-runai-deal-us-probes-china-export-breach">granted unconditional approval</a> for Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to acquire Run:ai Labs Ltd, an Israel-based provider of GPU orchestration software. The decision under the EU Merger Regulation concluded the acquisition would not raise competition concerns within the European Economic Area. Nvidia aims to integrate Run: ai&#8217;s software into its ecosystem. Run:ai specializes in software that helps organizations optimize and manage their artificial intelligence compute workloads across various environments, including on-premises and cloud platforms.
Soho House's billionaire chairman Ron Burkle wants to whisk the private members' club away from the U.S. stock market. Burkle and his squad of investors have thrown down a flashy <a href="https://www.benzinga.com/24/12/42597812/soho-house-jumps-over-50-on-receiving-acquisition-offer-with-83-premium">$1.8 billion buyout bid</a>, offering $9 per share—a snazzy 83% premium to the stock&#8217;s closing price on Wednesday, Dec. 18. This isn't Soho House's first flirtation with delisting. Just a few months ago, it turned down a mysterious suitor's offer.
See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42646591/novo-nordisk-rises-5-in-premarket-as-analyst-dismisses-fridays-17-plunge-as-market-overreaction">Novo Nordisk Rises 5% In Premarket As Analyst Dismisses Friday&#8217;s 17% Plunge As Market Overreaction</a>
<h2 class="wp-block-heading">Off The Block</h2>
Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) and Woodside Energy Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDS#NYSE">WDS</a>) <a href="https://www.benzinga.com/news/contracts/24/12/42584936/chevron-secures-larger-north-west-shelf-stake-in-asset-swap-400m-payment-to-woodside">finalized an asset swap deal</a> on Wednesday. As part of the agreement, Woodside will transfer its 13% non-operated interest in the Wheatstone Project and its 65% operated interest in the Julimar-Brunello Project in Western Australia. In return, Woodside will acquire Chevron&#8217;s 16.67% stakes in the North West Shelf Project and the NWS Oil Project, along with a 20% interest in the Angel Carbon Capture and Storage Project. Additionally, Chevron will make a cash payment to Woodside of up to $400 million. This includes a $300 million payment at completion, and contingency payments of up to $100 million, tied to the handover of the Julimar Phase 3 Project and subsequent production performance.
<h2 class="wp-block-heading">Bankruptcy Block</h2>
Furnishing and retailer Big Lots Inc.&#8216;s Chapter 11 bankruptcy filing in September and impending store closures could benefit rival Ollie&#8217;s Bargain Outlet Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>), JPMorgan analyst Matthew R. Boss says. On Sept. 9, Big Lots filed for Chapter 11 and announced a subsequent sale of its assets to Nexus Capital Management LP. The company&#8217;s stock was subsequently delisted from the New York Stock Exchange. Its third-quarter financial report revealed a company struggling with declining sales, eroding margins and a continual bleeding of cash. On Dec. 19, the Columbus, Ohio-based company said its sale to Nexus Capital fell through, noting it &#8220;continues to work toward completing an alternative going concern transaction with Nexus or another party.&#8221; CEO Bruce Thorn announced a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42624759/big-lots-holds-liquidation-sales-analyst-pegs-competitor-as-major-beneficiary-market-share-capture-opportunity">going-out-of-business sale</a>.
FTX announced that its<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42151412/bankrupt-crypto-exchange-ftx-to-commence-payments-to-customers-creditors-in-early-2025"> Chapter 11 bankruptcy reorganization plan</a> will become effective on Jan. 3, 2025. Customer and creditor distributions will be facilitated through partnerships with cryptocurrency platforms Kraken and BitGo. The first round of distributions is expected to occur within 60 days of the plan's effective date. The initial distribution will cover holders of allowed claims in the Convenience Classes, while timelines for other claim classes will be announced later.
<h2 class="wp-block-heading">Notes From The Block</h2>
Benzinga recently interviewed Tony Roma&#8217;s CEO Mohaimina (Mina) Haque on a variety of topics, including the restaurant chain&#8217;s capital raising initiatives:
<h3 class="wp-block-heading">BZ: What's the global stage look like?</h3>
There's a lot of interest globally. We are in Dubai and Berlin as well as Kuala Lumpur, Malaysia and Perth, Australia. There is a lot of brand awareness. Stateside, as Gen Z and millennials were growing up, there was a decrease in unit size. So, we are working on building that bridge between those who are nostalgic for Tony Roma's and those who haven't experienced it yet. There are challenges, including the supply chain and ensuring that franchise partners uphold our intellectual property.
<h3 class="wp-block-heading">BZ: Is M&amp;A still on the cards?</h3>
It is a possibility. We have parties interested in helping us to expand our global and national footprint. So, it's still in the cards, with either a venture capital or private equity firm. For anyone interested and who wants to see more explosive growth for the company, we are looking for partners capable of heavy capital infusion.
<h3 class="wp-block-heading">BZ: What size investment do you think would you go to ballpark it?</h3>
If I have to ballpark it, maybe somewhere between $10 million and $20 million
For the <a href="https://www.benzinga.com/general/restaurants/24/12/42553401/comfort-food-comeback-how-mina-haque-plans-to-make-tony-romas-sizzle-again">full Q&amp;A, click here</a>.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/news/legal/24/12/42635701/luigi-mangione-lands-in-same-brooklyn-jail-as-diddy-and-ftxs-bankman-fried">Luigi Mangione Lands In Same Brooklyn Jail As Diddy And FTX&#8217;s Bankman-Fried</a></li>
</ul>

Rumors

Exclusives

OLLI

Deal Dispatch: Honeywell, Textron And Soho House Are Making M&A Moves

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RKLB</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$298.6K</td>
<td>5.8K</td>
<td>1.3K</td>
</tr>
<tr>
<td>ARRY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$5.00</td>
<td>$27.5K</td>
<td>807</td>
<td>526</td>
</tr>
<tr>
<td>EOSE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.50</td>
<td>$33.1K</td>
<td>16.2K</td>
<td>474</td>
</tr>
<tr>
<td>IESC</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$240.00</td>
<td>$25.0K</td>
<td>450</td>
<td>321</td>
</tr>
<tr>
<td>UPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$140.00</td>
<td>$32.6K</td>
<td>686</td>
<td>285</td>
</tr>
<tr>
<td>GEO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$30.00</td>
<td>$81.2K</td>
<td>16.6K</td>
<td>279</td>
</tr>
<tr>
<td>NOC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$500.00</td>
<td>$30.0K</td>
<td>704</td>
<td>110</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$105.00</td>
<td>$32.7K</td>
<td>233</td>
<td>110</td>
</tr>
<tr>
<td>HON</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$230.00</td>
<td>$44.6K</td>
<td>645</td>
<td>56</td>
</tr>
<tr>
<td>ALK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$70.00</td>
<td>$37.8K</td>
<td>35</td>
<td>44</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding RKLB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), we observe a call option trade with neutral sentiment. It expires in 28 day(s) on January 17, 2025. Parties traded 553 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $298.6K, with a price of $540.0 per contract. There were 5820 open contracts at this strike prior to today, and today 1360 contract(s) were bought and sold. 
• For ARRY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 500 contract(s) at a $5.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $55.0 per contract. There were 807 open contracts at this strike prior to today, and today 526 contract(s) were bought and sold. 
• For EOSE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>), we notice a call option trade that happens to be bearish, expiring in 28 day(s) on January 17, 2025. This event was a transfer of 160 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $33.1K, with a price of $207.0 per contract. There were 16270 open contracts at this strike prior to today, and today 474 contract(s) were bought and sold. 
• For IESC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IESC#NASDAQ">IESC</a>), we notice a put option trade that happens to be neutral, is expiring today. Parties traded 10 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $2500.0 per contract. There were 450 open contracts at this strike prior to today, and today 321 contract(s) were bought and sold. 
• Regarding UPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), we observe a call option trade with bullish sentiment. It expires in 392 day(s) on January 16, 2026. Parties traded 40 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $32.6K, with a price of $815.0 per contract. There were 686 open contracts at this strike prior to today, and today 285 contract(s) were bought and sold. 
• For GEO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>), we notice a call option sweep that happens to be bullish, expiring in 91 day(s) on March 21, 2025. This event was a transfer of 250 contract(s) at a $30.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $81.2K, with a price of $325.0 per contract. There were 16645 open contracts at this strike prior to today, and today 279 contract(s) were bought and sold. 
• Regarding NOC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), we observe a call option sweep with bullish sentiment. It expires in 28 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $500.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $300.0 per contract. There were 704 open contracts at this strike prior to today, and today 110 contract(s) were bought and sold. 
• Regarding VRT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), we observe a call option trade with bullish sentiment. It expires in 210 day(s) on July 18, 2025. Parties traded 11 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $32.7K, with a price of $2975.0 per contract. There were 233 open contracts at this strike prior to today, and today 110 contract(s) were bought and sold. 
• Regarding HON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), we observe a put option trade with bearish sentiment. It expires in 63 day(s) on February 21, 2025. Parties traded 48 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $44.6K, with a price of $930.0 per contract. There were 645 open contracts at this strike prior to today, and today 56 contract(s) were bought and sold. 
• Regarding ALK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>), we observe a put option trade with bullish sentiment. It expires in 182 day(s) on June 20, 2025. Parties traded 44 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $37.8K, with a price of $860.0 per contract. There were 35 open contracts at this strike prior to today, and today 44 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ARRY

EOSE

IESC

RKLB

10 Industrials Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ZIM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$15.16</td>
<td>$59.9K</td>
<td>640</td>
<td>7.5K</td>
</tr>
<tr>
<td>UPWK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$15.00</td>
<td>$42.3K</td>
<td>60</td>
<td>501</td>
</tr>
<tr>
<td>GEV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$320.00</td>
<td>$66.0K</td>
<td>1.1K</td>
<td>251</td>
</tr>
<tr>
<td>BE</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$15.00</td>
<td>$28.8K</td>
<td>4.7K</td>
<td>211</td>
</tr>
<tr>
<td>HON</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$210.00</td>
<td>$144.3K</td>
<td>2.7K</td>
<td>88</td>
</tr>
<tr>
<td>DE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$480.00</td>
<td>$26.4K</td>
<td>0</td>
<td>17</td>
</tr>
<tr>
<td>URI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$195.00</td>
<td>$52.3K</td>
<td>2</td>
<td>1</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding ZIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>), we observe a put option sweep with bearish sentiment. It expires in 64 day(s) on February 21, 2025. Parties traded 779 contract(s) at a $15.16 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $59.9K, with a price of $77.0 per contract. There were 640 open contracts at this strike prior to today, and today 7530 contract(s) were bought and sold. 
• Regarding UPWK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>), we observe a put option sweep with bullish sentiment. It expires in 393 day(s) on January 16, 2026. Parties traded 163 contract(s) at a $15.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $42.3K, with a price of $260.0 per contract. There were 60 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold. 
• For GEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), we notice a put option trade that happens to be bearish, expiring in 29 day(s) on January 17, 2025. This event was a transfer of 55 contract(s) at a $320.00 strike. The total cost received by the writing party (or parties) was $66.0K, with a price of $1200.0 per contract. There were 1194 open contracts at this strike prior to today, and today 251 contract(s) were bought and sold. 
• For BE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>), we notice a call option trade that happens to be neutral, expiring in 64 day(s) on February 21, 2025. This event was a transfer of 36 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $800.0 per contract. There were 4796 open contracts at this strike prior to today, and today 211 contract(s) were bought and sold. 
• For HON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), we notice a call option trade that happens to be bullish, expiring in 1 day(s) on December 20, 2024. This event was a transfer of 82 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $144.3K, with a price of $1760.0 per contract. There were 2777 open contracts at this strike prior to today, and today 88 contract(s) were bought and sold. 
• Regarding DE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), we observe a call option sweep with bullish sentiment. It expires in 757 day(s) on January 15, 2027. Parties traded 5 contract(s) at a $480.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $5290.0 per contract. There were 0 open contracts at this strike prior to today, and today 17 contract(s) were bought and sold. 
• For URI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>), we notice a call option trade that happens to be neutral, expiring in 29 day(s) on January 17, 2025. This event was a transfer of 1 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $52.3K, with a price of $52350.0 per contract. There were 2 open contracts at this strike prior to today, and today 1 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

UPWK

7 Industrials Stocks With Whale Alerts In Today's Session

Honeywell Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HON#NYSE">HON</a>) short percent of float has fallen 21.34% since its last report. The company recently reported that it has 8.38 million shares sold short, which is 1.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.23 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Honeywell Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734545712_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Honeywell Intl has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Honeywell Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Honeywell Intl's peer group average for short interest as a percentage of float is 3.81%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Peering Into Honeywell Intl's Recent Short Interest

Jefferies analyst Sheila Kahyaoglu maintains Honeywell Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) with a Hold and raises the price target from $220 to $260.

Price Target

Analyst Ratings

Jefferies Maintains Hold on Honeywell Intl, Raises Price Target to $260

WIIM

Honeywell International shares are trading higher after the company announced it is exploring strategic alternatives.

Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) shares are trading higher premarket on Monday. The company disclosed that its Board of Directors is advancing a comprehensive business portfolio evaluation initiated earlier this year by <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42503701/honeywell-explores-strategic-alternatives-for-unlocking-shareholder-value-continues-review-of-tran" rel="noreferrer noopener">Chairman and CEO Vimal Kapur</a>.
The review includes exploring strategic alternatives, such as a potential separation of its Aerospace business.
Honeywell plans to share updates with its fourth-quarter 2024 earnings release.
Vimal Kapur said, &#8220;Since aligning our business this past January to three compelling megatrends – Automation, the Future of Aviation and Energy Transition – we have been moving swiftly and decisively to optimize the Honeywell portfolio to deliver superior growth and drive incremental shareholder value. At the same time, we have been evaluating more transformational changes.&#8221;
&#8220;Following the portfolio enhancements announced earlier this year, Honeywell is now well-positioned for significant transformational alternatives, and we are continuing our deeper, more granular exploration of their feasibility and possible timing,&#8221; Kapur added.
In response, Elliott Investment Management expressed support for Honeywell&#8217;s ongoing review of strategic alternatives,<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42503932/elliott-statement-on-honeywell" rel="noreferrer noopener"> including a potential Aerospace business separation</a>.
Elliott said it looks forward to the review&#8217;s completion and supporting the company in executing steps to unlock its full value.
Last month, Honeywell announced a plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company, which is targeted to be&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41223435/honeywell-announces-plan-to-spin-off-advanced-materials-business-to-shareowners" rel="noreferrer noopener">completed by the end of 2025 or early 2026.</a>
Also, the company agreed to sell its Personal Protective Equipment (PPE) business to Protective Industrial Products, Inc. (PIP) for&nbsp;<a target="_blank" href="https://www.benzinga.com/24/11/42140202/honeywell-to-exit-ppe-business-with-1325-billion-sale-plans-advanced-materials-spinoff" rel="noreferrer noopener">$1.325 billion in an all-cash deal</a>.
Honeywell held cash and equivalents of about&nbsp;$10.6 billion as of&nbsp;September 30, 2024.
Investors can gain exposure to the stock via Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>) and Amplify CWP Enhanced Dividend Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIVO#NYSE">DIVO</a>).
Price Action: HON shares are up 3.47% at $235.51 premarket at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/guidance/24/12/42279165/honeywell-stock-slides-after-hours-on-updated-2024-outlook" target="_blank" rel="noreferrer noopener">Honeywell Stock Slides After Hours On Updated 2024 Outlook</a></li>
</ul>
Photo via Shutterstock.

Large Cap

Movers

DIVO

GCAD

Honeywell Advances Strategic Review, Explores Aerospace Business Separation

Elliott Says It Welcomes Honeywell's Announcement Of Review Of Strategic Alternatives, Including Separation Of Its Aerospace Business

Honeywell (NASDAQ:<a href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) announced today that its Board of Directors continues the comprehensive business portfolio evaluation launched earlier this year by Chairman and CEO Vimal Kapur to explore additional strategic alternatives for unlocking shareholder value, including the potential separation of its Aerospace business. The Board has made significant progress to date, and Honeywell plans to provide an update with its fourth quarter 2024 earnings release.
 &nbsp;

Honeywell Weighs Aerospace Division Split Amid Strategic Portfolio Review

Goldman Sachs analyst Joe Ritchie maintains Honeywell Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) with a Buy and raises the price target from $227 to $256.

Goldman Sachs Maintains Buy on Honeywell Intl, Raises Price Target to $256

Honeywell Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) has outperformed the market over the past 20 years by 1.66% on an annualized basis producing an average annual return of 10.08%. Currently, Honeywell Intl has a market capitalization of $150.92 billion. 
Buying $1000 In HON: If an investor had bought $1000 of HON stock 20 years ago, it would be worth $6,883.26 today based on a price of $232.10 for HON at the time of writing.
<h3>Honeywell Intl's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733927411_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Honeywell Intl 20 Years Ago Would Be Worth This Much Today

Citigroup analyst Andrew Kaplowitz maintains Honeywell Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) with a Buy and raises the price target from $244 to $268.

Citigroup Maintains Buy on Honeywell Intl, Raises Price Target to $268

Including Advanced Avionics, 131-9A Auxiliary Power Units, And Industry-Leading Systems To Enhance Efficiency, Safety, And Pilot Situational Awareness

European Aeronautic Defence And Space Unsponsored

EADSY

Honeywell Cockpit Technologies And Mechanical Systems Selected By Avianca For New Airbus A320neo Fleet

Live On CNBC, Kevin Simpson Announces Bought More Honeywell International

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ALK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$55.00</td>
<td>$128.5K</td>
<td>11.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>EOSE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.00</td>
<td>$27.4K</td>
<td>23.3K</td>
<td>583</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$110.00</td>
<td>$30.4K</td>
<td>2.0K</td>
<td>549</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$155.00</td>
<td>$38.5K</td>
<td>1.4K</td>
<td>442</td>
</tr>
<tr>
<td>HON</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$300.00</td>
<td>$58.8K</td>
<td>5.7K</td>
<td>384</td>
</tr>
<tr>
<td>DE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$470.00</td>
<td>$80.6K</td>
<td>281</td>
<td>122</td>
</tr>
<tr>
<td>WM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$220.00</td>
<td>$28.8K</td>
<td>100</td>
<td>47</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$110.00</td>
<td>$31.5K</td>
<td>878</td>
<td>42</td>
</tr>
<tr>
<td>INOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$35.00</td>
<td>$34.0K</td>
<td>88</td>
<td>20</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding ALK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>), we observe a call option sweep with bullish sentiment. It expires in 42 day(s) on January 17, 2025. Parties traded 378 contract(s) at a $55.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $128.5K, with a price of $340.0 per contract. There were 11613 open contracts at this strike prior to today, and today 1024 contract(s) were bought and sold. 
• Regarding EOSE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>), we observe a call option trade with bearish sentiment. It expires in 42 day(s) on January 17, 2025. Parties traded 499 contract(s) at a $3.00 strike. The total cost received by the writing party (or parties) was $27.4K, with a price of $55.0 per contract. There were 23371 open contracts at this strike prior to today, and today 583 contract(s) were bought and sold. 
• For MMM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), we notice a call option sweep that happens to be bearish, expiring in 42 day(s) on January 17, 2025. This event was a transfer of 13 contract(s) at a $110.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.4K, with a price of $2340.0 per contract. There were 2035 open contracts at this strike prior to today, and today 549 contract(s) were bought and sold. 
• Regarding BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on December 13, 2024. Parties traded 140 contract(s) at a $155.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $38.5K, with a price of $275.0 per contract. There were 1442 open contracts at this strike prior to today, and today 442 contract(s) were bought and sold. 
• For HON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), we notice a call option trade that happens to be bearish, expiring in 770 day(s) on January 15, 2027. This event was a transfer of 49 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $58.8K, with a price of $1200.0 per contract. There were 5728 open contracts at this strike prior to today, and today 384 contract(s) were bought and sold. 
• Regarding DE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), we observe a put option sweep with bullish sentiment. It expires in 42 day(s) on January 17, 2025. Parties traded 30 contract(s) at a $470.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $80.6K, with a price of $2721.0 per contract. There were 281 open contracts at this strike prior to today, and today 122 contract(s) were bought and sold. 
• For WM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), we notice a call option trade that happens to be bearish, expiring in 132 day(s) on April 17, 2025. This event was a transfer of 22 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $1310.0 per contract. There were 100 open contracts at this strike prior to today, and today 47 contract(s) were bought and sold. 
• For UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we notice a call option trade that happens to be bearish, expiring in 105 day(s) on March 21, 2025. This event was a transfer of 39 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $31.5K, with a price of $810.0 per contract. There were 878 open contracts at this strike prior to today, and today 42 contract(s) were bought and sold. 
• Regarding INOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>), we observe a call option trade with bullish sentiment. It expires in 161 day(s) on May 16, 2025. Parties traded 20 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $1700.0 per contract. There were 88 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

INOD

9 Industrials Stocks Whale Activity In Today's Session

Barclays analyst Julian Mitchell maintains Honeywell Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) with a Overweight and raises the price target from $252 to $260.

Barclays Maintains Overweight on Honeywell Intl, Raises Price Target to $260

With the highly optimistic outlook for global oil demand and current market shifts, the energy industry is booming. Amid this backdrop, investors could buy solid energy stocks like Exxon Mobil (XOM), Chevron (CVX), and EOG Resources (EOG) for significant gains. Keep reading... The energy sector's growth remains robust, with oil prices touching record highs. Currently, India has emerged as the leading source of <a href="https://www.eia.gov/outlooks/steo/">growth in global oil consumption</a> and is expected to account for 25% of total oil consumption growth globally in 2024 and 2025.
Given the industry tailwinds, now might be an opportune time to consider investing in top-tier energy stocks like Exxon Mobil Corporation (<a href="https://stocknews.com/stock/XOM/">XOM</a>), Chevron Corporation (<a href="https://stocknews.com/stock/CVX/">CVX</a>), and EOG Resources, Inc. (<a href="https://stocknews.com/stock/EOG/">EOG</a>) for massive gains.
Amid the weak global oil demand, particularly from China, and the accelerating production outside the group, <a href="https://www.reuters.com/business/energy/opec-will-delay-oil-output-hike-meeting-source-says-2024-12-05/">OPEC+ has pushed</a> the start of oil output rises to April. It has also extended its full unwinding of cuts by a year until the end of 2026. However, the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) remain confident in future growth.
According to <a href="https://publications.opec.org/woo">OPEC's World Oil Outlook 2024</a>, global energy demand is expected to expand by 24% between 2024 and 2050 period, driven by significant expansion in the non-OECD region. Oil's demand is set to reach over 120 million barrels a day by 2050, with anticipation of reaching even higher levels.
On a similar note, <a href="https://www.iea.org/reports/oil-market-report-november-2024">IEA projected world oil demand</a> to grow by 920 kb/d this year and by 1 mb/d in 2025, reaching 102.8 mb/d and 103.8 mb/d, respectively. Further, global oil supply showed an increase of 290 kb/d in October to 102.9 mb/d, fueled by the increased supply from Libyan barrels. Also, IEA expects <a href="https://www.iea.org/news/natural-gas-demand-growth-picks-up-in-2024-amid-uncertainties-over-supply">global gas demand</a> to rise over 2.5% in 2024 and follow similar trends in 2025.
In the last session, <a href="https://www.reuters.com/markets/commodities/oil-prices-rise-with-all-eyes-opec-supply-decision-2024-12-05/">Brent crude settled</a> at $72.09 per barrel, while U.S. West Texas Intermediate (WTI) reached $68.30 per barrel.
Considering the industry's conducive trends, let's delve into the fundamentals of the top <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> stocks, beginning with number 3.
Stock #3: Exxon Mobil Corporation (<a href="https://stocknews.com/stock/XOM/">XOM</a>)
XOM engages internationally in the exploration and production of crude oil and natural gas. The company operates in segments like Upstream; Energy Products; Chemical Products; and Specialty Products.
On November 20, XOM and LG Chem signed a non-binding MOU for a multiyear offtake agreement for up to 100,000 metric tons of lithium carbonate. The lithium will be supplied from XOM's planned project in the U.S. to LG Chem's cathode plant in Tennessee, which LG Chem expects to be the largest of its kind in the U.S.
The transaction is aimed at strengthening the U.S. critical mineral supply chain and contributing to domestic energy security, manufacturing, jobs, and emission reductions.
XOM's <a href="https://www.investopedia.com/terms/r/revenue.asp">total revenues</a> and other income were $90.02 billion during the third quarter that ended September 30, 2024. Net income attributable to ExxonMobil totaled $8.61 billion, and its EPS was $1.92 for the period, respectively.
Furthermore, the company's total assets stood at $461.92 billion as of September 30, 2024, versus $376.32 billion as of December 31, 2023.
Analysts expect XOM's revenue for the fourth quarter (ending December 2024) to grow 5.2% year-over-year to $88.76 billion. The consensus revenue estimate for the fiscal year 2024 of $354.93 billion indicates 3% year-over-year growth. Moreover, it topped the consensus revenue and EPS estimates in three of the trailing four quarters.
Over the past six months, XOM's stock has gained 1.5% and 14.3% over the past year to close the last trading session at $114.78.
XOM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its bright prospects. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has a B grade for Quality, Momentum, and Stability. It is ranked #41 among the 77 stocks in the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry.
In addition to the POWR Ratings we've stated above, we also have given other XOM ratings for Sentiment, Growth, and Value. Get all XOM ratings <a href="https://stocknews.com/stock/XOM/">here</a>.
Stock #2: Chevron Corporation (<a href="https://stocknews.com/stock/CVX/">CVX</a>)
CVX is engaged in integrated energy and chemicals operations internationally. The company operates in two segments: Upstream and Downstream. It explores, develops, produces, and transports crude oil and natural gas. It is also in the processing, liquefaction, transportation, and regasification of liquefied natural gas.
On November 1, CVE's Board of Directors declared a quarterly dividend of $1.63 per share, payable on December 10, 2024, to all holders of common stock at the close of business on November 18, 2024.
CVX's annual dividend of $6.52 translates to a yield of 4.12% at the current share price. Its four-year average dividend yield is 4.12%. Moreover, the company's dividend payouts have increased at a CAGR of 7.1% over the past three years and 6.5% over the past five years. CVX has raised its dividends for 37 consecutive years.
On October 1, CVX entered into a strategic collaboration with Honeywell International Inc. (<a href="https://stocknews.com/stock/HON/">HON</a>) to develop advanced artificial intelligence (AI)--assisted solutions that will assist operators in making decisions to enhance efficiency for refining processes and improve safety within the industrial automation space.
CVX reported total revenues and other income of $50.67 billion for the third quarter that ended September 30, 2024. Net earnings attributable to CVX stood at $4.49 billion or $2.48 per common share, reflecting increases of 1.2% and 2.1% from the prior year's period, respectively. Also, its free cash flow increased 12% year-over-year to $5.60 billion.
Additionally, CVX's cash and cash equivalents and total assets totaled $4.70 billion and $259.23 billion as of September 30, 2024.
Street expects CVX's revenue for the fourth quarter (ending December 2024) to increase 3% year-over-year to $48.61 billion. The company's EPS for the same quarter is expected to be $2.41. Moreover, CVX surpassed the consensus EPS estimates in three of the trailing four quarters.
CVX's stock has surged 3.3% over the past month and 11.5% over the past year to close the last trading session at $159.33.
CVX's bright outlook is reflected in its POWR Ratings. CVX has a B grade for Quality, Stability, and Momentum. CVX is ranked #33 in the list of 77 stocks in the same industry.
<a href="https://stocknews.com/stock/CVX/">Click here</a> to access additional CVX ratings for Sentiment, Growth, and Value.
Stock #1: EOG Resources, Inc. (<a href="https://stocknews.com/stock/EOG/">EOG</a>)
EOG explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas, primarily in producing basins internationally.
On November 8, EOG's Board of Directors declared a dividend of $0.975 per share on its common stock. The dividend will be paid on January 31, 2025, to stockholders of record as of January 17, 2025. The new dividend reflects an indicated annual rate of $3.90 per share, a 7% increase from the previous level.
EOG's dividend yield is 3% at the current share price. Its four-year average dividend yield is 4.79%. Also, the company's dividend payouts have grown at 31.2% CAGR over the past three years. EOG has raised its dividends for seven consecutive years.
During the third quarter, which ended September 30, 2024, EOG posted total operating revenues and other of $5.96 billion, and its operating income was $2.09 billion for the same quarter. The company's free cash flow grew 8.5% from the year-ago value to $1.49 billion.
Furthermore, the company's adjusted net income came in at $1.64 billion and $2.89 per share for the quarter, respectively.
Street expects EOG's revenue for the second quarter (ending June 2025) to increase marginally year-over-year to $6.03 billion. Its revenue for the fiscal year 2025 is expected to increase 2% year-over-year to $24.46 billion. Furthermore, the company has topped the consensus revenue estimates in all four trailing quarters.
Over the past six months, EOG's stock has gained 8.1% and 6.6% over the past year to close the last trading session at $130.02.
EOG's sound fundamentals are reflected in its POWR Ratings. The stock has an A grade for Quality and a B grade for Stability. Within the Energy – Oil &amp; Gas industry, EOG is ranked #22 of 77 stocks.
<a href="https://stocknews.com/stock/EOG/">Click here</a> to access other ratings of EOG for Sentiment, Growth, Momentum, and Value.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
XOM shares were trading at $114.06 per share on Friday afternoon, down $0.72 (-0.63%). Year-to-date, XOM has gained 17.97%, versus a 29.02% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/xom-cvx-eog-hon-3-top-tier-energy-stocks-primed-for-massive-gains/>3 Top-Tier Energy Stocks Primed for Massive Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Top-Tier Energy Stocks Primed for Massive Gains

The industrial industry is set for growth due to transformative government investments and increasing demand for infrastructure-related projects. Hence, investors might consider watching industrial stocks, Honeywell International (HON), Southern Copper (SCCO), and Corning (GLW), which have strong earnings growth. Read more… Industrial stocks are increasingly positioned for gains due to the increasing adoption of automation and smart technologies and investments in infrastructure. Given this backdrop, it could be wise to watch fundamentally strong industrial stocks, Honeywell International Inc. (<a href="https://stocknews.com/stock/HON/">HON</a>), Southern Copper Corporation (<a href="https://stocknews.com/stock/SCCO/">SCCO</a>), and Corning Incorporated (<a href="https://stocknews.com/stock/GLW/">GLW</a>), with strong earnings growth.
For example, the industrial machinery market is anticipated to register a <a href="https://www.gminsights.com/industry-analysis/industrial-machinery-market">CAGR of 7.5% by 2032</a> due to the increasing adoption of automation and smart technologies, which significantly enhance productivity and efficiency. Key sectors fueling this growth include material handling and robotics, which are integral to modern industrial processes.
Moreover, major infrastructure spending programs, like the <a href="https://www.eesi.org/articles/view/tracking-transportation-investments-in-the-infrastructure-investment-and-jobs-act-and-inflation-reduction-act">U.S. Infrastructure Investment and Jobs Act</a> and the Inflation Reduction Act, are driving industrial expansion. These initiatives demand substantial investments in construction machinery, transportation networks, and manufacturing.
Given these favorable industry trends, let's look at the fundamentals of the top 3 industrial stocks.
Honeywell International Inc. (<a href="https://stocknews.com/stock/HON/">HON</a>)
HON engages in aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses globally. It operates through four segments: Aerospace; Honeywell Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions.
On November 22, HON announced the sale of its Personal Protective Equipment (PPE) business to Protective Industrial Products, Inc. (PIP), an Odyssey Investment Partners portfolio company, for $1.325 billion in cash. This transaction will allow HON to simplify and optimize its businesses. Also, it should position HON to continue creating long-term value for shareholders.
For the third quarter of 2024, which ended on September 30, HON's <a href="https://www.investopedia.com/terms/n/netsales.asp">net sales</a> increased 5.6% year-over-year to $9.73 billion, while its Aerospace Technologies segment's net sales grew 11.8% from the same period last year to $3.91 billion.
Its attributable net income stood at $1.41 billion, while its adjusted EPS for the quarter increased 8.4% year-over-year to $2.58. Also, the company's free cash flow amounted to $1.72 billion, representing an increase of 10.1% from the last year.
Street expects HON's revenue and EPS for the fiscal fourth quarter (ending December 2024) to increase 8.5% and 6.9% year-over-year to $10.24 billion and $2.78, respectively. In addition, it surpassed the consensus EPS estimates in each of the trailing four quarters, which is excellent.
The stock has gained 18.4% over the past year to close the last trading session at $229.95.
HON's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
HON has a B grade for Growth, Momentum, and Stability. It is ranked #27 out of 79 stocks in the A-rated <a href="https://stocknews.com/category/industrial-machinery/">Industrial - Machinery</a> industry. <a href="https://stocknews.com/stock/HON/">Click here</a> to access the other HON ratings for Value, Sentiment, and Quality.
Southern Copper Corporation (<a href="https://stocknews.com/stock/SCCO/">SCCO</a>)
SCCO is an integrated producer of copper and valuable by-products. It operates the mining, exploring, smelting, and refining facilities in Peru, Mexico, Argentina, Chile, and Ecuador. Its operating segments include Peruvian operations; Mexican open-pit operations; and Mexican underground mining operations.
The stock's trailing-12-month EBITDA margin of 54.42% is 230.1% higher than the industry average of 16.49%. Similarly, its 27.67% trailing-12-month net income margin is 449.1% above the industry average of 5.04%.
SCCO's sales for the third quarter (ended September 30, 2024) increased 17% year-over-year to $2.93 billion. The company reported an operating income of $1.45 billion, indicating a 35.6% growth from the prior year's quarter. SCCO's adjusted EBITDA came in at $1.68 billion, up 30.5% year-over-year, while its net income per share grew 43.8% from the prior-year quarter to $1.15.
The consensus revenue estimate of $2.98 billion for the fiscal fourth quarter (ending December 2024) represents a 29.9% increase year-over-year. The consensus EPS estimate of $1.17 for the same quarter indicates a 106.5% improvement year-over-year. The company has an impressive earnings surprise history; it surpassed the consensus EPS estimate in three of the trailing four quarters.
The stock has gained 42.5% over the past year and 26.5% over the past nine months to close the last trading session at $100.05.
SCCO's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
SCCO has an A grade for Quality and a B for Growth and Stability. It is ranked #8 out of 29 stocks in the <a href="https://stocknews.com/category/industrial-metals/">Industrial - Metals</a> industry.
In addition to the POWR Ratings we've stated above, we also have SCCO ratings for Value, Sentiment, and Momentum. Get all SCCO ratings <a href="https://stocknews.com/stock/SCCO/">here</a>.
Corning Incorporated (<a href="https://stocknews.com/stock/GLW/">GLW</a>)
GLW engages in providing display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally.
On October 28, AT&amp;T Inc. (<a href="https://stocknews.com/stock/T/">T</a>) and GLW together signed a multi-year purchase agreement. Under this agreement, GLW will provide next-generation fiber, cable, and connectivity solutions to support the expansion of AT&amp;T's fiber network and help bring high-speed internet.
The stock's trailing-12-month EBIT margin of 9.89% is 90% higher than the industry average of 5.20%. Similarly, its 3.90% trailing-12-month ROTC is 25.6% above the industry average of 3.10%.
For the third quarter of 2024, which ended on September 30, GLW's net sales increased 6.9% year-over-year to $3.39 billion. The company's operating income for the quarter amounted to $302 million, representing an increase of 28% year-over-year.
Its core net income stood at $465 million, up 20.5% year-over-year, while its core earnings per share rose 20% from the prior year's quarter to $0.54. Also, GLW's adjusted free cash flow grew 18.7% from the year-ago value to $553 million.
The consensus revenue estimate of $3.76 billion for the fourth quarter (ending December 2024) represents a 14.8% increase year-over-year. The consensus EPS estimate of $0.56 for the same quarter indicates a 42.5% improvement year-over-year. The company has an impressive earnings surprise history; it surpassed the consensus revenue estimates in each of the trailing four quarters.
Over the past nine months, the stock has surged 51.7%, closing the last trading session at $49.24.
GLW's POWR Ratings reflect its bright outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. 
GLW has an A grade for Growth and a B for Momentum and Sentiment. It is ranked #13 out of 35 stocks in the <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial - Manufacturing</a> industry. <a href="https://stocknews.com/stock/GLW/">Click here</a> to see the additional ratings for GLW (Stability, Value, and Quality).
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
HON shares were trading at $226.40 per share on Tuesday afternoon, down $3.55 (-1.54%). Year-to-date, HON has gained 10.26%, versus a 28.25% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/hon-scco-glw-t-3-industrial-stocks-with-strong-earnings-growth-to-watch/>3 Industrial Stocks With Strong Earnings Growth to Watch</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Industrial Stocks With Strong Earnings Growth to Watch

My Dividend Stock Portfolio: New November Dividend Record - 97 Holdings With 18 Buys

Honeywell's breakup value is $260 a share, Jefferies estimates

Dow's drop: How blue-chips have fared during index's peak turned worst-run in decades

Honeywell working with Goldman on potential aerospace separation - report

BofA notes that following press reports on Google's (GOOGL) quantum chip last week, the firm has been getting increasing investor interest in Honey...

Potential monetization of Quantinuum stake positive for Honeywell, says BofA

Bank of America Securities analyst Andrew Obin maintained a Hold rating on Honeywell International (HON – Research Report) yesterday and set a pric...

Balanced Outlook on Honeywell's Quantum Computing Prospects Amid Volatile Valuations

Innovative Solutions And Support: Maintaining Strong Buy On Honeywell And Defense Momentum

If I Had To Invest $100,000 In A Dividend Growth Portfolio Right Now, Here's What I Would Buy

AAPL

ABBV

AGNC

ALIZF

AMGN

AMZN

APLE

ARCC

AVGO

BASFY

BAYZF

BKNG

BXSL

CBAUF

COST

CSCO

CSWC

EQIX

FSNUF

GAIN

GILD

GLAD

GOOD

GSBD

HTGC

INTC

ISSC

MAIN

MFIC

NEWT

OBDC

RITM

SCCO

SDOW

SEMHF

SHEL

STAG

STWD

TMUS

UDOW

UNIT

WELL

XLRE

Screenshot 2024-10-16 at 6.31.12 PM

Emerging Markets

DELL

Quantum Resistant Ledger (QRL) Strikes Key Industry Partnerships, Fortifying Its Position As Quantum Computing Era Nears

Screenshot 2024-03-22 at 5.30.06 PM

CSE:SUNN

SolarBank Grows Independent Power Producer Portfolio With All-Stock Acquisition Of Solar Flow-Through Funds Ltd.

Press Releases

HONEYWELL ANNOUNCES PARTICIPATION AT UPCOMING INVESTOR CONFERENCES

Elliott Sends Letter to the Board of Directors of Honeywell International Inc.

HONEYWELL TO SELL PERSONAL PROTECTIVE EQUIPMENT BUSINESS TO PROTECTIVE INDUSTRIAL PRODUCTS

Protective Industrial Products, Inc. to Acquire Honeywell's Personal Protective Equipment Business

HONEYWELL UPDATES PARTICIPATION AT UPCOMING INVESTOR CONFERENCE

Earnings

Contracts

HONEYWELL AND BOMBARDIER SIGN LANDMARK AGREEMENT TO DELIVER THE NEXT GENERATION OF AVIATION TECHNOLOGY; HONEYWELL UPDATES 2024 OUTLOOK

Commodities

HONEYWELL TO HELP DRIVE AUTOMATION AND ENERGY EFFICIENCY FOR AUSTRALIA'S NEW MELTON HOSPITAL

HONEYWELL COCKPIT TECHNOLOGIES SELECTED BY AVIANCA FOR USE IN NEW AIRBUS A320NEO FLEET

HONEYWELL EXPLORES STRATEGIC ALTERNATIVES FOR UNLOCKING SHAREHOLDER VALUE; CONTINUES REVIEW OF TRANSFORMATIONAL PORTFOLIO ACTIONS

Elliott Statement on Honeywell

1847 Holdings

Hyperscale Data

Icahn Enterprises L.P. - Depositary Units representing Limited Partner Interests

Comments

Honeywell Intl

Honeywell Intl (HON) Forecast

Honeywell Intl (NASDAQ:HON) Stock, Quote.Headers.trade-ideas

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga