Back in my last article on Honeywell International (NYSE:HON) in September of last year, I argued that the stock still had room to run, even at a price of $142.
We see that in the past five months the stock appreciated to a high of $165, before falling to a current price of $153.73 as a result of the ongoing market downturn.
In this regard, does the pullback represent an opportunity to get in at a more favourable price?
A Growing Dividend
First, let’s take a look at this stock in terms of its dividend performance.