09:31 AM EST, 11/12/2024 (MT Newswires) -- (Updates with Honeywell ( HON ) response in the third paragraph.)

Elliott Investment Management has amassed a position in Honeywell International ( HON ) of over $5 billion, Bloomberg reported Tuesday, citing people with knowledge of the matter.

The activist investor is pushing Honeywell ( HON ) to consider a breakup of the company, the people reportedly told Bloomberg, adding that the investment is the largest ever in a single stock by Elliott.

"Although Elliott had not made us aware of their views prior to today, we look forward to engaging with the firm to obtain their input," Honeywell ( HON ) Chief Communicator Stacey Jones said to MT Newswires via email. "Our leadership welcomes investor feedback as we continue to execute a disciplined strategy, which includes pursuing sustainable growth, optimizing the portfolio, and maintaining an accretive capital deployment program."

Elliott did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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