The Hidden Value in Honeywell Stock

Industrial giant Honeywell International (NASDAQ: HON) is significantly outperforming the S&P 500 index in 2022, and the company provided some cheer in the recent earnings season by raising full-year guidance -- an uncommon event in the current environment. Honeywell recently raised its full-year EPS guidance by $0.10 to $8.50-$8.80, and maintained full-year organic sales guidance of 4%-7%. As with many industrial companies in 2022, Honeywell has had to endure supply chain issues and raw material price rises that have challenged its ability to ship products and maintain margin.