Is This Dow Dividend Stock a Sleeping Giant?
Honeywell International (NASDAQ: HON) replaced Raytheon Technologies, now RTX Corporation, in the Dow Jones Industrial Average in 2020. Unlike Raytheon, which is more of a pure-play defense contractor, Honeywell is a diversified industrial with exposure to commercial aviation, building technologies, utilities, healthcare, oil and gas, consumer products, and a slew of other industries that traverse pretty much every sector of the economy.
However, Honeywell stock is down over the last two years and is down 8.9% year to date despite a 7% gain for the Dow. This begs the question, is Honeywell an underrated dividend stock that's worth a look, or is its underperformance justified?
Image source: Getty Images.
Source Fool.com
Honeywell International Stock
€186.64
-2.110%
With 7 Buy predictions and not the single Sell prediction the community is currently very high on Honeywell International.
As a result the target price of 214 € shows a slightly positive potential of 14.66% compared to the current price of 186.64 € for Honeywell International.
