Please ensure Javascript is enabled for purposes of website accessibility

Honeywell to Buy Back 3 Billion of Its Stock

The company will use cash flow generated by its operations to repurchase outstanding shares.Morris Township-based Honeywell (NYSE: HON) announced today that its board of directors has approved a plan to repurchase up to $3 billion of its common stock. The company plans to repurchase outstanding shares from time to time in the open market using cash flow generated by operations. Honeywell operates in four segments: aerospace; automation and control solutions; specialty materials; and transportation systems.

Since the fourth quarter of 2003, Honeywell has repurchased about 42 million shares, worth $1.5 billion. The conglomerate’s shares traded up $0.46 to $35.89 in the morning.

NJBIZ Business Events

NJBIZ Business of the Year 2022

Tuesday, December 13, 2022
NJBIZ Business of the Year 2022

2022 NJBIZ Women in Business Panel Discussion

Wednesday, December 14, 2022
2022 NJBIZ Women in Business Panel Discussion

2023 NJBIZ Leaders in Digital Technology

Thursday, March 30, 2023
2023 NJBIZ Leaders in Digital Technology

NJBIZ Leaders in Finance 2023

Thursday, April 27, 2023
NJBIZ Leaders in Finance 2023
[class^="wpforms-"]
[class^="wpforms-"]