Reported about 24 hours ago
Aristotle Capital Management has decided to sell its stake in Honeywell International (HON) due to short-term uncertainties highlighted in their Q1 2025 investor letter. Despite Honeywell's transformation efforts and upcoming split into three independent firms, the firm believes that other investments, particularly in AI stocks, offer more attractive opportunities for returns within a shorter timeframe. Honeywell's recent performance, along with the volatility in the equity markets, contributed to this decision.
Source: YAHOO