Friday, February 8, 2019

Honeywell Still One Of The Best Options

I thought Honeywell (HON) was one of the best multi-industrial companies for 2018, and although it wasn’t the best performer (Roper (ROP) did better, to name one), I’m basically happy with the modest outperformance it delivered. Looking into 2019, I still have this as one of my top names, given its healthy exposure to longer-cycle sectors like aerospace and its relatively positive end-market mix. With growth opportunities across its existing businesses and more capital deployment options, this looks like a good long-term holding that still has some shorter-term undervaluation to add to the appeal.

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Honeywell Still One Of The Best Options

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