Mario Gabelli Comments on Honeywell International
- By Holly LaFon
Honeywell International Inc. (NYSE:HON)(3.3%) (HON - $166.40 - NYSE) operates as a diversified technology company with highly engineered products, including turbine propulsion engines, auxiliary power units, aircraft brake pads, environmental control systems, engine controls, communications and navigation systems, sensors, home automation, catalysts and absorbents and process technology for the petrochemical and refining industries and warehouse automation equipment and software. One of the key drivers of HON's growth is acquisitions that increase the company's growth profile globally, creating both organic and inorganic opportunities. The company recently announced its plan to spin-off its Homes product portfolio and ADI Global Distribution businesses as well as its Transportation Systems business into two publicly-traded companies.
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The intrinsic value of HON
From Mario Gabelli (Trades, Portfolio)'s third-quarter 2018 shareholder letter.
This article first appeared on GuruFocus.
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The intrinsic value of HON
