Honeywell International Is Great Even At This Price

Honeywell International (HON) is a company that I predicted would continue its rise last February. Indeed, it has done so, from a price of $120 at the time I wrote my last article, to a price of $141.75 at the time of writing.

Among the factors that had contributed to the success of Honeywell the last time I covered the company were the acquisition of Intelligrated, which led to a 14.3% increase in margin in the Sensing & Productivity Solutions segment. Among this was also general improvement in the O&G and construction sectors, which also helped boost margins across Honeywell’s Environmental & Energy Solutions division which relies on customers in such industries.

This is quite an interesting company from the point of view that – with the exception of the occasional dip – has been growing pretty much consistently since 2009.

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