1. Honeywell reported better-than-expected profits in Q3 2024, but reduced its full-year sales and profit forecast due to cost pressures and weaker performance in Industrial Automation. 2. Aerospace Technologies and Building Automation segments showed strong double-digit sales growth, partially offsetting a 5% sales decline in Industrial Automation. 3. Despite the sell-off, Honeywell remains attractive for passive income investors with a reliable 2% dividend yield and a lower valuation, especially with potential for long-term dividend growth.