Readers of this space know that my investment bias is toward large-cap companies with demonstrated business models that have a competitive advantage in established markets, preferably with a favorable global trend as a support. And with the above in mind, Honeywell is worth a review.
Honeywell (NYSE: HON) is one of the world's leading automation / control manufacturers for heating, air conditioning, ventilation systems and a key aerospace contractor. Further, Honeywell has the diversity Wall Street likes -- in this case, business diversity within a company.
Thermostats and aircraft maintenance would seem like business lines at opposite ends of the spectrum, but they are at Honeywell's core, and they speak to the company's strength.
Analysts like HON's aerospace division (36% of revenue), which manufactures cockpit controls, power generation equipment and wheels/bakes for commercial/military aircraft. The division also makes jet engines for regional/business jet manufacturers.
Honeywell (NYSE: HON) is one of the world's leading automation / control manufacturers for heating, air conditioning, ventilation systems and a key aerospace contractor. Further, Honeywell has the diversity Wall Street likes -- in this case, business diversity within a company.
Thermostats and aircraft maintenance would seem like business lines at opposite ends of the spectrum, but they are at Honeywell's core, and they speak to the company's strength.
Analysts like HON's aerospace division (36% of revenue), which manufactures cockpit controls, power generation equipment and wheels/bakes for commercial/military aircraft. The division also makes jet engines for regional/business jet manufacturers.
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