Image shown: Honeywell's equity price performance since the depths of the Great Recession of last decade.
By The Valuentum Team
Honeywell's (HON) shares have a been on an upward trajectory since the Great Recession, not unlike that of many other equities, but definitely unlike that of industrial conglomerate peer General Electric (GE), which continues to recover from a number of missteps. Not only has the cyclical economic recovery helped Honeywell's fantastic businesses, but its exposure to the aerospace end market has been a nice contributor. The backlogs at Boeing (BA) and Airbus (OTCPK:EADSY) remain full, and we think deliveries may only accelerate into the next decade, benefiting companies across the supply chain. Organic aerospace sales were up 8% at Honeywell, for example, during the first quarter of 2018 and were the star of the show, in our view.
