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HON Honeywell International Inc. - Fundamental Analysis

BULLISH
HON Stock | Fundamental Analysis & Investment Insights
NYSE Industrials Conglomerates
Current Price
$199.04
Analyst Target
$243.49
+22.3% Upside
52W High
$227.82
52W Low
$169.05

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Nov 15, 2025
Market cap
$126.89B
P/E
21.02
ROE
34.6%
Profit margin
15.1%
Debt/Equity
2.15
Dividend yield
2.3%

AI Analysis

Powered by advanced machine learning algorithms

Confidence Score
85%
Analysis Accuracy
Honeywell (HON) presents a compelling investment case supported by strong profitability, resilient earnings growth, and a favorable valuation relative to peers despite near-term underperformance. The stock trades at a discount to its forward earnings potential with a Forward P/E of 18.08, below the sector average of 23.61, while delivering robust YoY earnings growth of 32.4% and operating margin expansion to 18.50%. Although insider selling raises a cautionary note, the strong analyst target of $243.49 implies 22% upside, reinforcing confidence in the company’s strategic trajectory. Positioned within the industrials sector, HON outperforms most peers on ROE (34.62%) and margin discipline, even as it lags in short-term price momentum.

Key Strengths

ROE of 34.62% significantly exceeds sector average of 30.22% and peer CAT's 46.28%, indicating superior capital efficiency
Operating margin of 18.50% reflects pricing power and cost discipline in a capital-intensive sector
Earnings growth of 32.4% YoY outpaces revenue growth (7.00%), suggesting strong operational leverage
Forward P/E of 18.08 is below sector average P/E of 23.61, offering valuation cushion
Dividend yield of 2.30% with a sustainable 47.68% payout ratio supports total return profile

Key Risks

Debt/Equity ratio of 2.15 is above sector average of 1.42 and peer PCAR (0.82), increasing financial risk in rising rate environment
Insider selling of $10.09M over last 6 months signals lack of confidence from corporate insiders
Price/Sales of 3.12 is high for an industrial conglomerate, especially with single-digit revenue growth
Lack of quarterly earnings surprise data prevents assessment of earnings quality and guidance credibility
Underperformance vs market: -6.0% 1Y return vs sector leaders CAT (+45.2%) and BA (+40.8%)
AI Fair Value Estimate
Based on comprehensive analysis
$243.49
+22.3% above current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall
79
Strong
Value
80
Future
85
Past
75
Health
65
Dividend
88
AI Verdict
Honeywell scores highly on profitability, valuation relative to peers, and earnings momentum, offsetting concerns around insider selling and balance sheet leverage. Trading at $199.04, it offers 22% upside to the analyst target of $243.49, supported by strong fundamentals in a sector where CAT and BA are showing strong momentum, yet HON remains undervalued given its consistent margins and dividend profile.
Key drivers: Superior ROE and operating margin performance, Attractive forward valuation relative to sector, Strong earnings growth despite macro headwinds
Confidence
85%
Value
80/100

HON trades at a discount to the industrials sector on forward earnings despite stronger profitability metrics than peers like PCAR and comparable leverage to CAT, suggesting undervaluation.

Positives
  • Forward P/E of 18.08 below sector average of 23.61
  • Price/Book of 7.53 justified by high ROE of 34.62%
Watchpoints
  • Price/Sales of 3.12 appears stretched relative to 7% revenue growth
  • Lack of EV/EBITDA and EV/Revenue data limits enterprise-level valuation precision
Future
85/100

Despite solid earnings acceleration and positive short-term price momentum (+4.9% over 6M, +3.2% over 1W), revenue growth remains in low-single digits, suggesting future upside hinges on margin expansion rather than top-line surge.

Positives
  • Earnings growth of 32.4% YoY and 29.2% Q/Q indicates accelerating profitability
  • Analyst target implies 22% upside, reflecting confidence in future execution
Watchpoints
  • Revenue growth of 7.0% is modest and lags CAT's 9.5%
  • No visibility into innovation pipeline or end-market demand trends
Past
75/100

Honeywell has demonstrated stable historical profitability and margin discipline, but its share price has lagged over 1Y and 3Y periods (-6.0% and +4.6% respectively), trailing high-flying peers like CAT and BA, despite solid fundamentals.

Positives
  • Consistent profitability with operating margin of 18.50% and ROA of 6.66%
  • Long-term dividend policy with 2.30% yield supports income investors
Watchpoints
  • No quarterly earnings surprise data available, preventing track record validation
  • 1Y return of -6.0% underperforms both sector and broader market
Health
65/100

HON’s balance sheet is more leveraged than peers like PCAR (0.82) and slightly above CAT (2.01), with limited public cash/debt data, raising concerns about financial flexibility in a downturn.

Positives
  • Current ratio of 1.36 indicates adequate short-term liquidity
  • Operating cash flow generation supports debt servicing and dividends
Watchpoints
  • Debt/Equity of 2.15 is elevated vs sector average of 1.42 and poses refinancing risk
  • Quick ratio of 0.98 suggests limited cushion in near-term liquidity without inventory
Dividend
88/100

Honeywell’s dividend is well-covered and sits at a competitive yield for the industrials sector, with a conservative payout ratio that supports long-term sustainability and capital return discipline.

Positives
  • Dividend yield of 2.30% is attractive in the current rate environment
  • Payout ratio of 47.68% indicates strong earnings coverage and room for future increases
Watchpoints
  • No data on dividend growth history or consistency of increases
  • Ex-dividend date and payment frequency not disclosed

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price
$199.04
Analyst Target
$243.49
Upside/Downside
+22.3%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for HON and closest competitors.

Updated 2025-11-14
Company 5Y 3Y 1Y 6M 1M 1W
HON
Honeywell International Inc.
Primary
+12.1% +4.6% -6.0% -4.2% +4.9% +3.2%
DE
Deere & Company
Peer
+96.1% +21.9% +22.4% -9.8% +6.2% +1.8%
UNP
Union Pacific Corporation
Peer
+20.5% +13.6% -3.1% -2.4% -1.2% +0.7%
ETN
Eaton Corporation plc
Peer
+225.4% +125.9% -1.6% +7.4% -7.7% -5.7%
LMT
Lockheed Martin Corporation
Peer
+41.6% +8.0% -11.2% +0.9% -6.7% +1.6%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

P/E Ratio
21.02
Forward P/E
18.08
PEG Ratio
N/A
P/B Ratio
7.53
P/S Ratio
3.12
EV/Revenue
3.74
EV/EBITDA
15.56
Market Cap
$126.89B

Profitability

Profit margins and return metrics

Profit Margin 15.07%
Operating Margin 18.5%
Gross Margin 36.94%
ROE 34.62%
ROA 6.66%

Growth

Revenue and earnings growth rates

Revenue Growth +7.0%
Earnings Growth +32.4%
Q/Q Revenue Growth N/A
Q/Q Earnings Growth +29.2%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity
2.15
High debt
Current Ratio
1.36
Good
Quick Ratio
0.98
Poor
Cash/Share
$21.04

Quarterly Earnings History

EPS performance vs analyst estimates

2026-02-05
$N/A
2025-10-23
$2.86
+20.5% surprise
2025-07-24
$2.75
+3.4% surprise
2025-04-29
$2.51
+13.6% surprise

Industrials Sector Comparison

Comparing HON against 28 companies in the Industrials sector (6 bullish, 21 neutral, 1 bearish)
P/E Ratio
21.02
This Stock
vs
32.92
Sector Avg
-36.2% (Discount)
Return on Equity (ROE)
34.62%
This Stock
vs
31.08%
Sector Avg
+11.4% (Excellent)
Profit Margin
15.07%
This Stock
vs
13.32%
Sector Avg
+13.1% (Superior)
Debt to Equity
2.15
This Stock
vs
1.21
Sector Avg
+77.4% (Higher)
Revenue Growth
7.0%
This Stock
vs
6.01%
Sector Avg
+16.4% (Growing)
Current Ratio
1.36
This Stock
vs
1.82
Sector Avg
-25.5% (Weaker)

Similar Companies

Peer comparison within the same industry

Company AI Rating Market Cap P/E ROE Profit Margin Price
HON
Honeywell International Inc.
BULLISH $126.89B 21.02 34.6% 15.1% $199.04
DE
Deere & Company
NEUTRAL $128.74B 24.88 21.4% 11.8% $476.23
UNP
Union Pacific Corporation
BULLISH $132.29B 18.93 41.6% 28.7% $223.02
ETN
Eaton Corporation plc
BULLISH $137.52B 35.34 20.7% 14.7% $352.39
LMT
Lockheed Martin Corporation
NEUTRAL $107.78B 25.98 62.8% 5.7% $465.77

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

Date Insider Position Transaction Shares Value
2025-10-28 WEST KENNETH J Officer Stock Award 2,344 -
2025-10-02 WEST KENNETH J Officer Stock Award 950 -
2025-08-27 BOLDEA LUCIAN Officer Option Exercise 36,181 $6,718,550
2025-08-27 BOLDEA LUCIAN Officer Sale 42,149 $9,339,396
2025-08-01 LU SU PING General Counsel Stock Award 710 -
2025-08-01 CURRIER JAMES E Officer Stock Award 1,375 -
2025-08-01 WEST KENNETH J Officer Option Exercise 2,759 $477,451
2025-08-01 STEPNIAK MICHAL Chief Financial Officer Stock Award 745 -
2025-08-01 WEST KENNETH J Officer Sale 3,448 $752,026
2025-07-29 WEST KENNETH J Chief Executive Officer Stock Award 635 -
2025-07-29 STEPNIAK MICHAL Chief Financial Officer Stock Award 616 -
2025-07-28 HAMMOUD BILLAL Officer Stock Award 627 -
2025-07-25 CURRIER JAMES E Officer Stock Award 662 -
2025-07-25 WEST KENNETH J Officer Stock Award 552 -
2025-05-30 KAPUR VIMAL M Chief Executive Officer Stock Award 1,851 -
Insider transactions can signal confidence or concerns about company prospects

Wall Street Analysts

Professional analyst ratings and price targets

Consensus
BUY
21 analysts
TD Cowen
2025-11-10
main
Buy Buy
Morgan Stanley
2025-10-28
main
Equal-Weight Equal-Weight
RBC Capital
2025-10-27
up
Sector Perform Outperform
Wells Fargo
2025-10-27
main
Equal-Weight Equal-Weight
RBC Capital
2025-10-24
main
Sector Perform Sector Perform
Barclays
2025-10-24
main
Overweight Overweight
JP Morgan
2025-10-24
main
Neutral Neutral
JP Morgan
2025-10-15
main
Neutral Neutral
Wells Fargo
2025-10-06
main
Equal-Weight Equal-Weight
Morgan Stanley
2025-07-28
main
Equal-Weight Equal-Weight