Honeywell Transport Systems Not Impressive

Honeywell (NYSE:HON) released some pretty nice looking numbers. EPS growth was 28% after taking into account discontinued operations. Transportation Systems continues to under-perform other entities and appears to have continuing diminishing status. Turbo Technologies continues to win the overwhelming majority of passenger and commercial platforms.

Unfortunately these wins will come on line in 2008 and later. The press release is very quite about anticipated margins and potential earnings impacts. Mention was made of new product launches in consumer products.

The stock is trading near its 52 week highs and is not included as a high yield Dogs of the Dow member. Look for divestitures in this area as Honeywell works to maintain shareholder returns.