Investors felt secure enough about security-products specialist Allegion (NYSE: ALLE) to push its share price up by 5% on Friday. This had little to do with the company directly; rather, a major acquisition in the security space was the main impetus for the price lift. It's always news when storied industrial conglomerate Honeywell International (NASDAQ: HON) makes a big-ticket buy.
Honeywell International Inc. (HON) concluded the recent trading session at $194.61, signifying a -1.61% move from its prior day's close.
Carrier Global (CARR) shares are up following an announcement to sell its security business unit to Honeywell International (HON) for $4.95 billion. This comes as part of Honeywell CEO Vimal Kapur's — who assumed the role in June 2023 — goal to broaden Honeywell's product offerings. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.