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Opinions David Burrows
Honeywell InternationalHONPAST TOP PICKApr 19, 2017
Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
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Very liquid large cap stock. Excellent business fundamentals. Strong management team. Current share price presenting lots of value. Good for defensive investors. Expecting 4% organic growth annually. Sustainability business in high demand. Energy space also presenting opportunity. New CEO also making positive changes.
James Telfser
Believes prospects business very strong.
Current share price very high - wait for shares to fall before buying.
Excellent fundamentals in business.
Strong assets with high quality management team.
Business assets hard to replicate (aerospace etc.)
High margins with excellent revenue growth.
Trading about 25x earnings, fairly close to its historical average. Because of this, multiple won't expand so you're just looking for earnings growth. Still a bit rich for him. Very defensive attributes in this environment. If your heart is set on it, watch and wait for a pullback. He prefers RTX right now.
(A Top Pick April 19/16. Up 9%.) He continues to like industrials. If he had to pick 4 themes, he would pick technology, industrial, financial and consumer discretionary. The US spent less last year on capital spending than in any year in 85 years, but it is picking up. With better small business optimism, there is money getting spent on capital spending, outside of the energy industry. This company is at the centre of the Internet of Things (loT) in creating connected devices and measurement devices in the manufacturing processes. It should continue to do well.