/Honeywell%20International%20Inc%20sign-%20by%20testing%20via%20Shutterstock.jpg)
With a market cap of $124.5 billion, Honeywell International Inc. (HON) is a global technology and manufacturing leader, operates across aerospace, industrial automation, building automation, and energy and sustainability sectors. With a strong presence in commercial aviation and defense, the company is expanding into emerging markets like unmanned aerial systems (UAS) and urban air mobility (UAM) through its dedicated UAS unit.
Shares of the Charlotte, North Carolina-based company have underperformed the broader market over the past 52 weeks. HON stock has fallen 12.8% over this time frame, while the broader S&P 500 Index ($SPX) has increased nearly 14%. In addition, shares of the company are down over 13% on a YTD basis, compared to SPX’s 16.2% gain.