HON has long been destined to sell off the big metal parts. Too much liability vs. the risk & cost.
The Hedge fund is just pushing HON leadership to execute faster,,, to what they have already told investors they will do behind close doors.
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As usual Honeywell is following two steps behind. Only this time, they won't have a cash cow to milk anymore.
I guess that becoming a software industrial company captures the flight from hardware perfectly. Seems late, and odd, for Honeywell to pursue this strategy. The companies they aspire to emulate - Facebook and Amazon to name two, are now exploring hardware.