Honeywell's Contract Buzz: Undervalued or Overpriced?

Honeywell International (HON) has attracted attention after Dangote Petroleum Refinery selected its process technologies and digital solutions for a planned 700,000 barrel-per-day refinery in Kenya.

The company's share price at US$213.99 has risen over the past month with a 1 month share price return of 3.84%, but the 90 day share price return is down 6.90%.

Despite this, Honeywell International's 1 year total shareholder return stands at 5.68% and 3 year total shareholder return is 24.85%, indicating momentum built over time rather than in the short term.