Diversified manufacturer Honeywell International Inc posted a higher fourth-quarter profit and raised its forecast for 2011, saying demand had improved across all four of its units.

The world's largest maker of cockpit electronics on Friday posted earnings of $369 million, or 47 cents per share, up from $150 million, or 20 cents per share, a year earlier.

It raised its 2011 profit forecast by 10 cents to a range of $3.60 to $3.80 per share.

The company also said it had reached a deal to sell its automotive consumer products group -- which makes products such as anti-freeze -- to privately held Rank Group for $950 million.

(Reporting by Scott Malone; Editing by Lisa Von Ahn)