Honeywell's Strongest Segment Prepares for Growth

Industrial conglomerate Honeywell International (NYSE: HON) certainly has more than its fair share of headwinds from the COVID-19 pandemic, but it also has some growth opportunities. With the economic recovery increasingly looking like it's going to be disjointed with different industries recovering at different speeds, it makes sense to focus on what's working at Honeywell. Right now, that's its safety and productivity solutions (SPS) business.

The SPS segment only contributed 10% of segment profits in 2019, but it's growing in importance given the fact that it's dealing with COVID-19 better than the other segments.

Segment Organic Sales Growth YOY

Source Fool.com