A more relevant point to make is that they have started trying to make a switch from a regular-way, 20th century "Industrial" company to a 21st century "Software-Industrial" player. This has been widely covered among the investor community as it's been at the forefront of the company's strategy for the past 12-18 months.
But you're partially correct in that it is, in many ways, what Allied Signal used to be, except it kept the Honeywell name
https://en.wikipedia.org/wiki/AlliedSignal
A more relevant point to make is that they have started trying to make a switch from a regular-way, 20th century "Industrial" company to a 21st century "Software-Industrial" player. This has been widely covered among the investor community as it's been at the forefront of the company's strategy for the past 12-18 months.
One quick link from Google: https://www.barrons.com/articles/honeywell-software-stock-ne...