Honeywell Is Now Three Companies. Here's Which Piece I'd Actually Own.
Honeywell was a giant industrial conglomerate, but today it is three different businesses, and Honeywell's CEO is still running one of them.
Honeywell has split into three distinct companies: Honeywell Technologies, Solstice Advanced Materials, and Honeywell Aerospace. CEO Vimal Kapur, who led the conglomerate before the split, now heads Honeywell Technologies, which focuses on industrial automation. The automation business appears to be the most promising, with robust demand and a growing backlog of orders.
Solstice Advanced Materials shows solid early results but is a smaller business compared to the others. Honeywell Aerospace is the weakest of the three, with guidance lowered and a rocky start. Despite the overall positive outlook on Honeywell, the automation business is the most compelling choice, particularly due to the CEO's continued oversight.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
