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Honeywell: Stick With What Has Been Working

September 2, 2019

Summary:

- Honeywell's stock has been under pressure in the recent past, but HON's shares are still significantly outperforming the broader market over the last 5 years.

- Honeywell's recent operating results (and management commentary) tell a good story about this company's long-term business prospects. As such, I believe that long-term shareholders should consider staying the course.

- I hold a sizable Honeywell position and I plan to stay long the stock.

 

Honeywell's ($HON) stock has faced downward pressure over the last 3 months, as shown by the fact that the broader market is outperforming HON's shares by ~5 percentage points over this period of time.

 

The market has been extremely volatile so far in 2019 with the biggest contributor being the US-China trade war (and related concerns), but, in my opinion, investors should look past the current noise and stick with what has been working, i.e., Honeywell's stock. HON's shares have significantly outperformed the broader market over the last 1-, 3- and 5-year periods. And if you ask me, investors should expect more of the same over the next 5 years.

 

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