Honeywell International Inc. (NYSE:HON)(3.1%) (HON – $132.12 – NYSE) operates as a diversified technology company with highly engineered products including turbine propulsion engines, auxiliary power units, aircraft brake pads, environmental control systems, engine controls, communications and navigation systems, sensors, building automation, catalysts and absorbents, process technology for the petrochemical and refining industries, and warehouse automation equipment and software. One of the key drivers of HON’s growth is acquisitions that increase the company’s growth profile globally, creating both organic and inorganic opportunities.
From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund fourth-quarter 2018 shareholder letter.
