Is This Industrial Giant Heading in the Right Direction?

Only a few years ago, the market could boast three major diversified industrial players whose fortunes were intertwined: Honeywell International (NASDAQ: HON), General Electric (NYSE: GE), and United Technologies. The latter doesn't get the funny brackets and ticker anymore because it was broken up into three different companies: Raytheon Technologies (aerospace & defense), Carrier Global (heating, ventilation, and air conditioning), and Otis Worldwide (elevators). All of this leaves Honeywell left as the last major diversified industrial standing.