Honeywell: Another Double Digit Dividend Hike

Honeywell (NYSE:HON) is a best-in-class industrial conglomerate that I have admired for a long time. I wrote an article last October calling the stock a buy on a sell-off that put the stock down near $100 and close to its lows from the early 2016 correction. It wasn't long before the opportunity disappeared since the company is up 33% from the time of writing. I knew HON was a solid company to buy on weakness, but this return was not predictable, and it has made it tough to keep adding to my position. With the solid dividend hike recently, I would like to take another look at the company's prospects and how it ranks out against its peers.

Source: Company Presentation


It's on us. Share your news here.

Submit your stories and articles to citybizlist today.