Is Honeywell Stock Still on Sale?
Honeywell International (NYSE: HON) is one of the largest industrial companies in the S&P 500. The company's balance sheet, its diverse business model, and a dividend yield that is now nearly 3% make Honeywell an attractive option -- on paper. Yet as with many large industrial companies, its processes and sales are profoundly affected by the novel coronavirus pandemic. Determining Honeywell's resilience from a financial perspective, as well as the fundamental strength of each of its core business segments, should help clarify just how severe its predicament is during this challenging time, and how attractive its stock is over the long term.
Honeywell manufactures and maintains a slew of industrial and household products and software. The company is a global technology leader and a pioneer in everything from cybersecurity to onboard vibration monitoring systems. Honeywell Forge is its new and improved big data and machine learning platform, which traverses its suite of business segments, including aerospace and defense, building technologies, safety and productivity solutions, performance materials and technologies, and Honeywell Connected Enterprise. Honeywell also licenses its brand name to retail products made by other manufacturers, like thermostats, sensors, alarm systems, heaters, fans, home generators, paper shredders, air conditioners, and more. It's likely you have Honeywell products in your home and have been exposed to them on countless occasions.
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Source Fool.com
