Summary

Honeywell reported impressive Q3 2018 financial results that beat on the bottom line but was only in line with top-line estimates.

Honeywell reported broad-based growth, with Aerospace being a big contributor, but I believe that the company's strong organic revenue growth was the highlight of the quarter.

I am long Honeywell and I may add to my position in the months ahead.

This idea was discussed in more depth with members of my private investing community, Going Long With W.G.. Start your free trial today »

Honeywell (HON) reported impressive Q3 2018 financial results last week but shares of the industrial conglomerate finished the trading day down by almost 2%. Honeywell's stock has not performed well over the first 10 months of 2018, as HON shares are basically flat while the broader market is up almost 3% over the same period of time.

HON data by YCharts

However, as I have described several times over the past two years, I believe that any significant pullbacks for HON shares should be viewed as long-term buying opportunities and it is important to note that my thoughts have not changed after reviewing the company's Q3 2018 results. Actually, I am more bullish now than I have been in quite some time.

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