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Honeywell International Inc HON Stock Quote

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Morningstar‘s Stock Analysis HON

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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No Real Surprises in Honeywell’s Results As the Stock Remains Discounted

Joshua Aguilar Senior Analyst

Business Strategy and Outlook

| Joshua Aguilar |

Honeywell is one of the strongest multi-industry firms in operation today. We think the firm has successfully pivoted to capture multiple ESG trends, including the need to drive energy efficiency, reduce emissions, and e-commerce, among others. We predicate our thesis mostly on a) increased demand for warehouse automation solutions; b) new digital offerings that promote data analytics in powerplants, as well as remote security management, and energy savings in building solutions; c) an increasingly automated world in mission critical end-markets like life sciences. Over the next five years, we think Honeywell is capable of mid-single-digit-plus top-line growth, incremental operating margins in the low-30s, low-double-digit adjusted earnings per share growth, and free cash flow margins in the midteens.

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Key Statistics HON

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. The firm operates through four business segments, including 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 spins 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.

855 South Mint Street
Charlotte, NC, 28202
T +1 704 627-6200
Industry Conglomerates
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 99,000

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