Honeywell (HON) announced that it has agreed to sell its Personal Protective Equipment business to Protective Industrial Products, a portfolio company of Odyssey Investment Partners, for $1.325B in an all-cash transaction. The transaction will enable Honeywell to further simplify its portfolio in order to accelerate value creation in alignment with three compelling megatrends: automation, the future of aviation and energy transition. The transaction, which is expected to be completed in the first half of 2025, is subject to customary closing conditions.
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Read More on HON:
- Honeywell price target raised to $240 from $225 at Argus
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- Honeywell price target raised to $240 from $220 at BofA
- Honeywell price target raised to $253 from $213 at RBC Capital
- Honeywell assumed with Buy from Neutral at UBS
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