• No doubt Honeywell shares have performed strongly over the past several years.
• The company's management team is staying positive, and there's a substantive share repurchase underway relative to FCF.
• Volatility looks pretty moderate as we head into the October earnings release.
• I'd like to see a clearer picture for top line growth, as share price and revenue have diverged rather saliently.

Honeywell Share Performance Strong (Just Not Over the Last Quarter)

The last quarter:

Data by YCharts

Versus the last 10 years:

Source: Yahoo Finance - compiled by Author

Even though these past three months have not been very rewarding (-9% total return), the last decade has been quite good to Honeywell (HON) investors. The cumulative performance is up more than four-fold over the last decade. There have been some significant drawdowns - one by as much as 30% - but the shares have always managed to bounce back.

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