You may not associate Honeywell International (NYSE: HON) with aerospace, but that industry is precisely what's stopping the industrials conglomerate from growing full potential. The COVID-19 pandemic, of course, is largely to blame for the airline industry's woes, but Honeywell's other segments are struggling as well, and the company just projected big drops in full-year sales and earnings.
But with Honeywell actively pursuing acquisition and partnership opportunities in this downturn to lay a stronger foundation for the future and the stock making a comeback in the Dow Jones Industrial Average index, should you ignore the company's current struggles and buy the stock while there's still time?
Honeywell shares have bounced nearly 60% from their March lows, driven partly by enthusiasm about the company's recent growth moves. But before I get to what they are, let's check how Honeywell fared in its latest quarter.
Source Fool.com