Honeywell’s hard times coming to an end, time to buy, Barron’s says

After years of underperformance, Honeywell International stock may be ready to resume its winning ways, Al Root writes in this week’s edition of Barron’s. Under CEO Vimal Kapur, who took over in June 2023, the company is targeting 10% annual earnings growth, using acquisitions and operational improvement-with an assist from post-pandemic normalization-to get there. The stock also looks reasonably priced in a way it hasn’t in years. Combine that with the possibility that the pieces could be worth more than the whole, and Honeywell shares, at a recent $213, look like a bet whose time has come, the author writes.