Honeywell updates investors

Honeywell recently hosted its annual investor day at its US headquarters in Morris Plains, New Jersey, which focused on driving organic growth acceleration, continuous margin expansion and cash flow improvement. In the latest equity research by Jeffries, it is reported that Honeywell expects mid-to-high single digit growth from China with up to 20% from India. HON is targeting 20% of sales from software in 2019 with sales accounting for 15% in 2018 up from 5% in the 2014-16 period. Honeywell stated it was committed to 30-50 bps of improvement annually. The second phase of the company’s transformation process includes supply chain