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Honeywell Reaffirms Raised Outlook: Should You Buy the Stock Now?

Chris Lau

trading at close to 52-week highs at around $168 and dividends yielding just 1.95%, value investors may wonder if the stock has any upside. On April 18, Honeywell reported non-GAAP EPS of $1.92 for the year as revenue grew 8% year-on-year to $8.9 billion. Honeywell's long-cycle businesses in commercial aerospace, defense and warehouse and process automation all added positively to organic sales.