UTX - Honeywell Comes Through On Margins But Growth Lagged A Bit

I have to admit that Honeywell’s (HON) lackluster share price performance over the past three months has surprised me, as I expected this well-loved multi-industrial to benefit from some “safe haven” investment flows as the data on a broader industrial slowdown continued to accumulate. Whether I underestimated how much of that had already taken place, or whether investors were a little put off by valuation, I don’t know, but Honeywell has lagged its industrial peers a bit since the second quarter earnings update, though the company is still among the outperformers

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