Honeywell Is One to Watch Amid Transition
With a new CEO putting an emphasis on innovation, we think patient, longer-term investors can benefit.
Barbara Noverini: We think that an interesting transition is happening at wide-moat Honeywell currently, which makes this stock one to watch.
In February, new CEO Darius Adamczyk succeeded longtime CEO Dave Cote, who was widely credited with driving profitability improvement throughout Honeywell's portfolio. Margin expansion has indeed been impressive, and we believe that Honeywell has now earned its right to grow.
Barbara Noverini does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.