Do we like Honeywell?
Industrial automation, building and aerospace technology maker, based in the US (Charlotte, North Carolina).
Our score: 5 out of 10. A big, useful industrial firm with a patchy record: bribery settlements, pollution fines and asbestos liabilities. The record is mixed, so we'd back it cautiously.
Honeywell is a huge US industrial group that makes automation, building controls and aerospace kit. It has been splitting itself up: the Advanced Materials arm is now Solstice, trading on Nasdaq, and Aerospace is due to follow in 2026.
Vimal Kapur runs the show as chairman and CEO. Jim Currier is lined up to lead the Aerospace business, with Craig Arnold as its board chair once the spin-off completes.
The history is messy. The SEC found Honeywell offered at least $4 million in bribes to a Brazilian official over a Petrobras deal. A later settlement covered bribes paid between 2010 and 2014, and the company paid about $200 million in total to settle US and Brazilian charges.
There are also environmental cases. In 2008 Honeywell settled Arizona pollution claims for $5 million plus $1 million for an air-quality project, and it denied liability. In 2011 it agreed to pay $690,000 over waste stored at its Metropolis site.
Overall we'd call it middling. It's a capable engineering firm, but the bribery, pollution and asbestos baggage keeps it from scoring higher.