Company TransformationThe spin-off of Solstice marks the beginning of a significant transformation for Honeywell, positioning it as a pure play building and industrial automation company, which could enhance its valuation.
Growth OpportunitiesThere is potential for Honeywell to achieve more than 5% growth through the cycle with opportunities for margin expansion, particularly in Industrial Automation.
Stock ValuationHoneywell is trading at a material discount, presenting an attractive opportunity for investors according to the SOTP analysis.