Honeywell completed the split of the former automation and controls solutions segment, ACS; it also sold its government services business, HTSI and completed the divestures of resins and chemicals businesses. Honeywell remains focused on increasing its presence in high-growth regions. Additionally the company is building a robust pipeline of new products. Based on favorable growth dynamics, it also raised the guidance for 2016. However, adverse foreign currency translations and volatility in commodity prices related to Brexit are likely to peg back its growth momentum slightly. High R&D costs could also be a drag on its margin and affect profitability. It is highly dependent on its supply chain, and any snag in one of the links might have an adverse impact. Honeywell has slightly underperformed the industry post 3Q earnings. Yet, the company has a positive earnings history in the trailing four quarters, while estimate have remained steady.