Last Updated: 10 Nov 2024
Executive Summary
Honeywell International Inc. (HON) is a leading multinational conglomerate with a strong presence in the aerospace, building technologies, performance materials and technologies, and safety and productivity solutions industries. The company's recent financial performance has been solid, with revenue and earnings growth in the past year. Analysts are generally positive on the company's prospects, with a consensus analyst target price of $224.73. However, the stock's valuation is relatively high, and there are some concerns about the company's exposure to macroeconomic headwinds.
Company Overview
Honeywell International Inc. is an American publicly traded, multinational conglomerate headquartered in Charlotte, North Carolina. It primarily operates in four areas of business: aerospace, building technologies, performance materials and technologies (PMT), and safety and productivity solutions (SPS). The company has a long history, dating back to 1906, and is a Fortune 100 company.
Fundamental Analysis
Honeywell International Inc.'s financial performance has been solid in recent years. The company's revenue has grown from $37.3 billion in 2021 to $37.9 billion in 2022, and its earnings per share (EPS) has grown from $7.86 in 2021 to $8.67 in 2022. The company's profit margin is 15%, and its operating margin is 22.1%. Honeywell International Inc.'s return on assets (ROA) is 7.33%, and its return on equity (ROE) is 31.9%.
The company's financial strength is also reflected in its balance sheet. Honeywell International Inc. has $11.6 billion in cash and equivalents, and its debt-to-equity ratio is 0.5. The company's current ratio is 1.2, and its quick ratio is 0.9.
Technical Analysis
Honeywell International Inc.'s stock price has been trading in a range between $182.72 and $222.98 over the past 52 weeks. The stock's 50-day moving average is $208.74, and its 200-day moving average is $203.94. The stock's relative strength index (RSI) is 55.7, which indicates that it is neither overbought nor oversold.
Short Term Outlook
Honeywell International Inc.'s stock price is likely to continue to trade in a range in the near term. The company's financial performance is solid, but the stock's valuation is relatively high. There are also some concerns about the company's exposure to macroeconomic headwinds.
Long Term Outlook
Honeywell International Inc.'s long-term outlook is positive. The company is a leader in its industries, and it has a strong financial foundation. The company's products and services are in demand, and the company is well-positioned to benefit from the growth of the global economy.
Analyst Recommendations
Analysts are generally positive on Honeywell International Inc.'s stock. The consensus analyst target price is $224.73, and the majority of analysts have a buy or strong buy rating on the stock.
