This Dow Stock Is Prioritizing Profits Instead of Growth, but Is That a Good Thing?
Honeywell International (NASDAQ: HON) reported earnings last week that came in above expectations, but the stock sold off by about 6% over the next two days. It is now down year to date despite a monster 2023 for the overall market.
On the surface, nothing seems to be too wrong with Honeywell's business. It took a while, but the company has finally rebounded from the pandemic and has returned to growth. But the diversified industrial conglomerate remains laser-focused on improving its operating margin, almost to a fault.
Let's dive into the pros and cons of Honeywell's strategy to see if the Dow stock is headed in the right direction or if there is danger lurking ahead.
Source Fool.com