Is This Dow Dividend Stock a Sleeping Giant?
Honeywell International (NASDAQ: HON) replaced Raytheon Technologies, now RTX Corporation, in the Dow Jones Industrial Average in 2020. Unlike Raytheon, which is more of a pure-play defense contractor, Honeywell is a diversified industrial with exposure to commercial aviation, building technologies, utilities, healthcare, oil and gas, consumer products, and a slew of other industries that traverse pretty much every sector of the economy.
However, Honeywell stock is down over the last two years and is down 8.9% year to date despite a 7% gain for the Dow. This begs the question, is Honeywell an underrated dividend stock that's worth a look, or is its underperformance justified?
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Source Fool.com
Honeywell International Stock
€183.14
0.370%
Currently there is a rather positive sentiment for Honeywell International with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 214 € shows a slightly positive potential of 16.85% compared to the current price of 183.14 € for Honeywell International.
