Honeywell Is Trying to Follow in GE's Footsteps. So Far, Investors Don't Like It.
Earlier this month, industrial conglomerate Honeywell International (NASDAQ: HON) announced plans to break itself up into three stand-alone publicly traded entities. But if it was hoping to reignite investor excitement, it hasn't worked. Honeywell's stock is down this year even as the industrial sector has rallied more than 5%. Zoom out over the past five years, and Honeywell is up just 17% compared to the sector's gain of 65%.Here's why Honeywell is breaking up, what the new business could look like, and whether the dividend stock is worth buying now.Image source: Getty Images.Continue reading
Earlier this month, industrial conglomerate Honeywell International (NASDAQ: HON) announced plans to break itself up into three stand-alone publicly traded entities. But if it was hoping to reignite investor excitement, it hasn't worked. Honeywell's stock is down this year even as the industrial sector has rallied more than 5%. Zoom out over the past five years, and Honeywell is up just 17% compared to the sector's gain of 65%.
Here's why Honeywell is breaking up, what the new business could look like, and whether the dividend stock is worth buying now.
Image source: Getty Images.
