Honeywell Continues Reliable Performance While It Prepares for Resideo Spin-Off
Wide moat-rated Honeywell turned in another strong performance today, and we maintain our $168 fair value estimate. Management provided key updates on both the timeline and impact of the Resideo Technologies spin. This business was previously booked under "homes" within the firm’s home and business technology segment. The spin-off (in the form of a special dividend) is expected to take effect on Oct. 29. Investors will recall that Honeywell already completed the spin-off of Garrett Motion, the f...Honeywell International is a technology and manufacturing company. The company has four segments: Aerospace, which supplies products, software and services for aircrafts; Honeywell Building Technologies, which provides products, software, solutions and technologies including building control and optimization, energy management, access control, video surveillance, fire products, and remote patient monitoring systems; Performance Materials and Technologies, which develops and manufactures chemicals and materials, process technologies and automation solutions; and Safety and Productivity Solutions, which provides products and software that improve productivity, workplace safety and asset performance.
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