Only a few years ago, the market could boast three major diversified industrial players whose fortunes were intertwined: Honeywell International (NASDAQ: HON), General Electric (NYSE: GE), and United Technologies. The latter doesn't get the funny brackets and ticker anymore because it was broken up into three different companies: Raytheon Technologies (aerospace defense), Carrier Global (heating, ventilation, and air conditioning), and Otis Worldwide (elevators). Meanwhile, GE has one more spin-off before becoming a solely focused aerospace defense company.

All of this leaves Honeywell left as the last major diversified industrial standing. Let's take a look at whether that's the best strategy for the company or not.

The announcement that Chairman and CEO Darius Adamczyk would become the executive chairman in June, leaving the way for COO Vimal Kapur to become the new CEO, surprised the market. Adamczyk didn't appear to be under any pressure, and given that he and Kapur are the same age, it's hardly a natural progression. Such changes always cause investors to take a step back and consider where the company's future direction will be. 

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Source Fool.com