#Honeywell November 8
We may earn money or products from the companies mentioned in this post.
Throughout November 2024, several of us are taking part in the 30-Day Dow Jones Coach4aday Challenge. Each day, we explore the history or learn about a company within the DJIA—a key economic and stock market indicator. Today’s post is on HONEYWELL.
Honeywell traces its origins back to 1906, when inventor Mark C. Honeywell founded the Honeywell Heating Specialty Company in Wabash, Indiana, focusing on making heat regulators for homes. This small operation later merged with Minneapolis Heat Regulator Company in 1927, evolving into the Honeywell Corporation, which gradually diversified its product line and expanded into aerospace, industrial, and consumer sectors.
Honeywell tenure on the Dow has not been long. Honeywell joined the Dow Jones Industrial Average (DJIA) on August 31, 2020. This change was part of a restructuring effort that also introduced Salesforce and Amgen to the DJIA, while ExxonMobil, Pfizer, and Raytheon Technologies were removed.
Dow Jones 30-Day Challenge Guidelines
Like previous challenges there are no hard and fast rules to participate. There are a few suggested guidelines
- Each day in November 2024 write about the history or a company that makes up the Dow Jones.
- Share at least one fact about that company.
- If so inclined use the hash tag #Coach4adayChallenge on social media platforms
November 8th-Honeywell
Honeywell began by offering heat regulators and today’s revenue comes to the company from Building Automation and Energy and Sustainability Solutions. You can read about the company’s evolution and diversification at this link.
When the stock (HON) first appeared on the Dow it was listed for $149.37. Honeywell was listed for $208.78 on November 5, 2024.
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