CARR - Honeywell: On An Acquisition Spree

2024-07-10 18:04:50 ET

Summary

• Honeywell International Inc. is a diversified conglomerate focusing on growing industries, selling off underperforming assets and acquiring new businesses.
• The company's stock has been trading flat, with solid organic growth projections and recent acquisitions boosting its portfolio.
• Despite increased leverage from recent deals, Honeywell remains active in improving its portfolio, with a fair to fully valued stock price.

In the final days of 2023, I believed that Honeywell International Inc. ( HON ) was carrying on after acquiring part of Carrier ( CARR ) . Honeywell has well-positioned itself to be a conglomerate which is focused on growing industries, while it has sold and spun-off a range of underperforming and less promising businesses recently....

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