What concerns me the most was the following statement n the article that reads as follows;
"The automation and control solutions segment is in an even tougher position, with companies like Google and Apple trying to innovate Honeywell out of the market. As the electricity business changes, Honeywell has both opportunities and threats, but so far, it doesn't seem to be out-innovating competitors, and given the high-tech competitors coming after the space, I don't know if it ever will"
We have already seen companies such as Nest making inroads into markets once totally dominated by Honeywell
If Google and Apple want to compete in Honeywell's space, they certainly have the resources in which to do so.
" keep doing acquisitions and squeezing cost out of them to help the bottom line"
I personally do not like acquisitions and stock buy-backs as a way to manipulate the bottom end numbers, It indicates to me that they have little desire to invest any further in core businesses and it creates devastation for the employees of the company being bought.
Many successful company's.with sustained real growth performances rise in value and do not feel the need to even pay a dividend.
Those that hype increased dividends seem to always have underlying issues.