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

2019 Healthcare Heroes Awards

Tuesday, June 18, 2019
2019 Healthcare Heroes Awards

Icon Honors Awards

Tuesday, August 20, 2019
Icon Honors Awards

Forty Under 40

Wednesday, September 18, 2019
Forty Under 40