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Morningstar

Honeywell International Inc HON Stock Quote

Morningstar Rating
| Rating as of

NASDAQ: HON

Last close prices updated as of Jan 26, 2023, 4:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 209.35
  • Sector Industrials
  • Industry Conglomerates
  • Investment Style Large Blend
  • Day Range 205.89  –  209.42
  • Year Range 166.63  –  220.96
  • Market Cap 140.7507 Bil
  • Volume / Avg 1,357.0 /  3.1 Mil
  • Price / Sales 4.12
  • Price / Book 7.95
  • Forward Div Yield 2.05%
  • Trailing Div Yield 1.90%

Morningstar‘s Stock Analysis HON

Valuation
Currency in —
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Revising Our 2023 Forecast for Honeywell, but Its Long-Term Outlook Remains Strong

Joshua Aguilar Senior Analyst

Analyst Note

| Joshua Aguilar |

After reviewing our long-term assumptions and speaking with company representatives, we reduce our Honeywell fair value estimate by 4%. Our revised fair value estimate sits at $226 as we head into fourth-quarter earnings. The primary driver of the reduction relates to the macro uncertainty in 2023. Consequently, we significantly curtailed our sales expectations this year, but fourth-quarter 2022 remains unaffected. We also significantly curtailed our expectations for margin expansion in 2023, commensurate with the reduced operating leverage. This reduced our five-year sales CAGR by just shy of 1% and our midcycle operating margin by just over 1%. Nonetheless, we think the company remains one of the highest quality multi-industrial firms under our coverage, and we retain our wide moat and Exemplary capital allocation ratings.

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Key Statistics HON

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Company Profile HON

Business Description

Honeywell traces its roots to 1885 with Albert Butz’s firm, Butz-Thermo Electric Regulator, which produced a predecessor to the modern thermostat. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spinoffs of Garrett Technologies and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure.

Contact
855 South Mint Street
Charlotte, NC, 28202
Sector Industrials
Industry Conglomerates
Employees 99,000

Related News HON

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FAQs for Honeywell International Inc Stock

Yes. HON has a forward dividend yield of 2.05%. See HON’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

HON’s market cap is 140.75 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

HON’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

HON’s price/sales is 4.12.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

HON’s price/forward earnings is 21.93.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

HON’s price/book is 7.95.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See HON’s valuation ratios compared to the Market Index.

HON’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare HON’s historical performance against its industry peers and the overall market.