Honeywell: Good Execution, Secular Growth Exposure, And Strategic M&As To Drive Upside

  • Honeywell's strong backlog, robust order growth, and strategic M&A activity provide solid near-term and long-term revenue visibility. Expansion into high-growth markets like data centers and advanced air mobility, plus exposure to secular trends, supports a compelling growth outlook. Margin headwinds from tariffs are being addressed through pricing and productivity, with margin expansion expected by FY25 and further gains from portfolio shifts.