Honeywell International Inc.
- Open
- 214.74
- Day high
- 215.54
- Day low
- 212.80
- Prev close
- 217.43
- Volume
- 818K
- Mkt cap
- $67.7B
- P/E (TTM)
- 8.3
- EPS (TTM)
- $25.79
- P/B
- 2.7
- P/S
- 1.9
- Yield
- 2.00%
- Per share
- $4.27
- ▼Insiders net selling -$473K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions reducing (13F)
Honeywell International Inc. (HON) is a Industrials company listed on NASDAQ. The stock is down 2% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4). Drillr has 6 published research articles covering HON.
Honeywell International Inc. (HON) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 13 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
HON earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 23, 2026 | $1.80 | $1.95 | +8.3% | $5.2B | +3.2% |
| Apr 23, 2026 | $2.32 | $2.45 | +5.6% | $9.1B | -1.7% |
| Jan 29, 2026 | $2.54 | $2.59 | +2.0% | $9.8B | -2.0% |
| Oct 23, 2025 | $2.44 | $2.82 | +15.6% | $10.4B | +2.5% |
| Jul 24, 2025 | $2.66 | $2.75 | +3.4% | $10.4B | +2.9% |
| Feb 6, 2025 | $2.33 | $2.47 | +6.0% | $10.1B | +2.6% |
| Oct 24, 2024 | $2.50 | $2.58 | +3.3% | $9.7B | -1.6% |
| Jul 25, 2024 | $2.42 | $2.49 | +3.0% | $9.6B | +1.7% |
| Apr 25, 2024 | $2.17 | $2.25 | +3.7% | $9.1B | +0.8% |
| Feb 1, 2024 | $2.60 | $2.60 | -0.1% | $9.4B | -2.7% |
| Oct 26, 2023 | $2.24 | $2.27 | +1.5% | $9.2B | -0.3% |
| Jul 27, 2023 | $2.21 | $2.23 | +0.8% | $9.1B | -0.4% |
HON insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 4, 2026 | Lu Su Pingofficer: SrVP, General Counsel, CorpSec | Tax | 167 | $242.01 |
| Aug 4, 2026 | Reilly Jennifer Jofficer: SVP and CHRO | Grant | 3,355 | — |
| Aug 4, 2026 | Hammoud Billalofficer: Pres/CEO Building Automation | Grant | 14,233 | — |
| Aug 4, 2026 | Stepniak Michalofficer: SrVP & Chief Financial Officer | Option | 401 | — |
| Aug 4, 2026 | Reilly Jennifer Jofficer: SVP and CHRO | Option | 747 | — |
| Aug 4, 2026 | Stepniak Michalofficer: SrVP & Chief Financial Officer | Tax | 175 | $242.01 |
| Aug 4, 2026 | Mailloux Robert D.officer: Vice President & Controller | Grant | 5,368 | — |
| Aug 4, 2026 | Masso Jamesofficer: Pres/CEO, Process Automation | Grant | 4,067 | — |
| Aug 4, 2026 | Lu Su Pingofficer: SrVP, General Counsel, CorpSec | Option | 382 | — |
| Aug 4, 2026 | LAU PETER JAMESofficer: Pres/CEO Industrial Automation | Grant | 14,233 | — |
| Aug 4, 2026 | Reilly Jennifer Jofficer: SVP and CHRO | Tax | 325 | $242.01 |
| Aug 3, 2026 | Stepniak Michalofficer: SrVP & Chief Financial Officer | Tax | 263 | $239.89 |
| Aug 3, 2026 | West Kenneth Jofficer: Pres/CEO Process Technologies | Option | 403 | — |
| Aug 3, 2026 | Lu Su Pingofficer: SrVP, General Counsel, CorpSec | Tax | 205 | $239.89 |
| Aug 3, 2026 | Stepniak Michalofficer: SrVP & Chief Financial Officer | Option | 604 | — |
Source: HON SEC Form 4 filings, latest Aug 4, 2026. For informational purposes only — not investment advice.
See the full HON insider & 13F page →HON research & analysis
HON, IONQ Reprice as Quantinuum Lands $1.68B Quantum IPO
Quantinuum priced above range at $1.68B. HON unlocks Quantum stake value. IONQ at 100x P/S faces increased competition. Quantum thematic emerges.
IONQCan Honeywell Sustain Aerospace Growth After Middle East Disruptions Cut Q1 Sales?
Honeywell's Q1 2026 revenue of $9.13B missed consensus by 2.8% as Middle East conflict disrupted aerospace component deliveries and deferred retrofit orders. Management cut full-year sales guidance by $400M, with Q2 aerospace revenue the key test of whether disruptions are transient or signal broader demand weakness.
US Factory Orders Flat 2 Months Running: CAT Wins, NUE Lags — 6 Stocks Ranked
US factory orders flat in February for the second month highlight manufacturing weakness, creating winners like diversified Honeywell and backlog-rich Caterpillar, while cyclical steelmaker Nucor and toolmaker Stanley Black & Decker lag. Analysis ranks six industrials/materials stocks by theme exposure, financials, and outlooks. Key: Favor resilience amid stagnation.
CATDENUENATO Defense Spending Surge: 6 US Aerospace Stocks — RTX, LMT, BA and More — Set to Win
Trump's NATO withdrawal threat over Iran forces Europe's rearming, boosting US defense primes while commercial aerospace surges. RTX and LMT lead with massive backlogs and F-35/missile exposure; all six analyzed with FY2025 financials show tailwinds.
BARTXLMTUS Manufacturing Hits 2-Year High: CAT and DE Win While CLF and DOW Face Margin Squeeze
US manufacturing's sharp expansion since 2022 boosts machinery demand for CAT, DE, and HON, while surging input costs erode margins at steelmakers NUE/CLF and chemicals firm DOW. CAT leads with record backlog and pricing leverage; CLF lags with negative margins.
CATDENUEECB Tightening Warning: JPM, BAC, and CAT Among 6 Stocks With Most EU Revenue at Risk
FT's April 8 warning on ECB tightening revives 2011 fears, hammering US-exposed stocks. JPM, BAC, MS, CAT, HON, and PLD—holding 13-23% Europe revenue—top the risk list amid negative returns and slowing growth. Ranked bears: BAC leads vulnerability.
JPMMSCAT
Honeywell International Inc. company profile
Overview
Honeywell International Inc. (NASDAQ:HON) is a diversified technology and manufacturing conglomerate founded in 1906 and headquartered in Charlotte, North Carolina. The company has evolved from its origins as a heating controls manufacturer into a global industrial giant operating across aerospace, building technologies, industrial automation, and advanced materials. Honeywell went public in its current form in 2001 and has undergone significant portfolio transformation over the decades, positioning itself at the intersection of major industrial megatrends including automation, the future of aviation, and energy transition. The company is currently executing a major strategic restructuring plan announced in 2024 to separate into three independent publicly traded companies by the second half of 2026.
Business
Honeywell operates as a diversified industrial conglomerate across four primary business segments, each serving distinct markets with specialized technology solutions. Aerospace Technologies represents the company's largest and most profitable segment, generating approximately 35-40% of total revenue. This division manufactures critical aircraft components including auxiliary power units (APUs) that provide electricity and air conditioning when planes are parked, propulsion engines, integrated avionics systems that serve as aircraft "brains," environmental control systems, flight safety equipment, and landing gear systems. The aerospace business operates on a razor-and-blade model where initial equipment sales are followed by decades of high-margin aftermarket services, spare parts, and maintenance contracts. The commercial aviation aftermarket, which includes maintenance, repair, and overhaul services, has been a particularly strong growth driver. Industrial Automation accounts for roughly 25-30% of revenue and focuses on process automation and control systems for industrial facilities. This segment includes process solutions for oil refineries, chemical plants, and manufacturing facilities, as well as warehouse automation equipment and software. The division provides the sophisticated control systems that manage complex industrial processes, from oil refining to pharmaceutical manufacturing, along with sensors, switches, and software that enable industrial Internet of Things applications. Building Automation generates approximately 20-25% of revenue through building control and optimization systems. This includes HVAC (heating, ventilation, and air conditioning) controls, fire safety systems, security and access control systems, and building management software that optimizes energy usage and operational efficiency. The segment serves both new construction and retrofit markets, with recurring revenue from maintenance and system upgrades. Energy and Sustainability Solutions, including Advanced Materials, represents about 15-20% of revenue. This segment produces specialty chemicals and materials used in various applications, from refrigerants and propellants to high-performance fibers for bulletproof vests. The division also manufactures catalysts and adsorbents used in oil refining and petrochemical processing, positioning it within the energy transition megatrend through technologies that reduce emissions and improve energy efficiency.
Revenue model
Honeywell operates multiple complementary business models across its portfolio, generating revenue through product sales, recurring services, and technology licensing. The aerospace segment exemplifies a classic razor-and-blade model where initial equipment sales to aircraft manufacturers generate long-term aftermarket revenue streams. Airlines and aircraft operators pay for maintenance, repair, and overhaul services, spare parts, and system upgrades throughout an aircraft's 20-30 year operational life. This creates highly predictable, high-margin recurring revenue that often exceeds the initial equipment sale value over time. Industrial automation and building technologies combine upfront system sales with ongoing service contracts, software subscriptions, and upgrade cycles. Customers pay initial capital expenditures for control systems, sensors, and automation equipment, followed by recurring revenue from maintenance contracts, software licenses, and periodic system upgrades as technology evolves. The advanced materials business operates primarily through product sales of specialty chemicals and materials, often under long-term supply contracts with industrial customers. Revenue is driven by volume demand from end markets like automotive, electronics, and construction. Margin expansion factors include increasing aftermarket mix in aerospace (higher-margin services versus equipment), pricing power in specialized technology markets, operational efficiency improvements through the company's "Accelerator" operating system, and portfolio optimization toward higher-margin segments. Margin compression risks include commodity input cost inflation, competitive pricing pressure in industrial markets, economic downturns affecting capital expenditure spending, supply chain disruptions, and unfavorable product mix shifts toward lower-margin equipment sales versus services. Geographic diversification provides some protection against regional economic cycles, though the company faces headwinds from slower growth in China and Europe while benefiting from expansion in India and the Middle East.
Competitive moat
Honeywell's competitive advantages stem from several sources, though the strength varies significantly across business segments. The aerospace division possesses the strongest moat through high switching costs and regulatory barriers. Once an aircraft manufacturer integrates Honeywell's systems, replacing them requires extensive re-certification processes that can take years and cost millions of dollars. The aftermarket business benefits from this installed base lock-in, as airlines typically source spare parts and maintenance services from original equipment manufacturers to maintain safety certifications. The aerospace industry's stringent safety requirements create additional barriers to entry for new competitors. Industrial automation benefits from customer switching costs and integration complexity. Industrial facilities rely on control systems for critical operations, making customers reluctant to change vendors due to operational risks and retraining requirements. However, this segment faces increasing competition from software-focused companies and digitally native industrial technology providers. Building technologies has moderate competitive advantages through established relationships with contractors and building owners, though the market is more fragmented and competitive. The recurring nature of maintenance contracts provides some customer stickiness. Advanced materials operates in a more commoditized environment with fewer sustainable competitive advantages, facing pressure from both traditional chemical companies and new entrants developing alternative technologies. The company's scale provides procurement advantages and R&D capabilities across all segments, though digital transformation and software-centric solutions are increasingly challenging traditional hardware-focused industrial companies. Honeywell's planned separation into three focused companies may strengthen individual business unit moats by enabling more targeted strategies and capital allocation.
Risks & safety
Honeywell demonstrates solid financial stability with manageable risks, though elevated debt levels require monitoring. • Strong liquidity position: $10.6 billion in cash and short-term investments as of Q4 2024, providing substantial financial flexibility • Debt management: Debt-to-equity ratio of 1.73, elevated but manageable given strong cash generation capabilities • Cash generation: Strong free cash flow of $4.9 billion in 2024, representing robust conversion from earnings • Current operations: Current ratio of 1.31 indicates adequate short-term liquidity coverage Valuation metrics: • P/E ratio of 25.8x appears reasonable for a diversified industrial with aerospace exposure • EV/EBITDA of 17.6x reflects premium valuation but justified by aerospace aftermarket quality • Price-to-book ratio of 7.9x elevated, reflecting intangible asset value and market positioning Other considerations: Upcoming separation costs and potential execution risks, tariff exposure of approximately $500 million, but strong operational cash flow provides cushion for economic uncertainties.
Recent development
Honeywell has undergone significant strategic transformation over the past few years, culminating in a major portfolio restructuring announcement. The most significant development is the planned separation into three independent public companies announced in 2024. The company will spin off its Advanced Materials business and separate Aerospace Technologies from Industrial Automation and Building Technologies, creating three focused entities: Honeywell Automation (combining industrial and building automation), Honeywell Aerospace, and Solstice Advanced Materials. This separation is expected to complete in the second half of 2026 and aims to unlock shareholder value by allowing each business to pursue tailored strategies and capital allocation. Aggressive acquisition strategy has reshaped the portfolio, with over $9 billion deployed in acquisitions during 2024 alone. Key acquisitions include Air Products' LNG processing technology for $1.8 billion, CAES Systems defense technology for $1.9 billion, and Carrier's Global Access Solutions business. These acquisitions have strengthened positions in high-growth markets like defense, energy transition, and building security. Operational improvements through the "Honeywell Accelerator" operating system focus on productivity enhancement, digital transformation, and margin expansion. The company has implemented strategic pricing actions to offset inflation and supply chain pressures, achieving approximately 8% price increases in recent periods. Technology partnerships include collaboration with Google Cloud to integrate artificial intelligence capabilities with Honeywell's industrial software platforms, positioning the company for the digital transformation of industrial operations. The company continues investing in emerging technologies including quantum computing and sustainable aviation fuels. Geographic expansion efforts target high-growth markets in India and the Middle East while managing challenges in China and Europe. The company has established dedicated regional strategies to capitalize on infrastructure development and energy transition investments in these markets.
HON company profile · for informational purposes only — not investment advice.
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