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Honeywell Is the Best Dow Stock on Spinoff Speculation

The article from Kiplinger discusses Honeywell International Inc. as a potentially lucrative investment due to speculation around its business spinoffs. Honeywell, a diversified technology and manufacturing company, has been restructuring by spinning off non-core businesses like its Garrett Motion turbocharger business and its Resideo Technologies home automation unit. These moves are seen as efforts to streamline operations and focus on high-growth areas like aerospace, building technologies, and performance materials. The article highlights that such strategic divestitures could unlock shareholder value, making Honeywell an attractive stock in the Dow Jones Industrial Average. Analysts suggest that these spinoffs could lead to a re-rating of Honeywell's stock, as the market might value the remaining, more focused businesses at a higher multiple. Additionally, Honeywell's strong financial position, consistent dividend growth, and potential for further strategic acquisitions or divestitures contribute to the positive outlook on its stock.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/honeywell-is-the-best-dow-stock-on-spinoff-speculation ]