Honeywell Shares Take Flight, Soar Over 5% Midday Monday
CHARLOTTE, N.C. – Honeywell International Inc (NASDAQ: HON) stock delivered a powerful performance during Monday’s trading, surging significantly by midday and posting gains exceeding five percent.
As of 12:18 PM GMT-4 on April 29th, the diversified technology and manufacturing company’s shares were trading robustly at 211.10 USD. This marked a substantial increase of +10.44 USD, representing a 5.20 percent climb from the previous closing price of 200.66 USD.
The trading session saw Honeywell open at 207.45 USD. After establishing an intraday low of 206.86 USD, the stock attracted strong buying interest, driving it significantly higher. It reached an intraday peak of 212.43 USD, trading near this high point at the time of the update. The chart shows a clear upward trajectory after the initial minor dip.
This strong daily performance pushes Honeywell further away from its 52-week low of 179.36 USD. However, the stock still trades below its 52-week high of 242.77 USD. Honeywell currently has a Price-to-Earnings (P/E) ratio of 24.25 and offers a dividend yield of 2.14% to its investors.
The impressive surge in Honeywell’s stock price is a notable development in the industrial sector early this week.
