Honeywell International/$HON
1D1W1MYTD1Y5YMAX
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About Honeywell International
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies, industrial automation, energy and sustainability solutions, and building automation. Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around one third of its revenue from recurring aftermarket services.
- Ticker
- $HON
- Sector
- Industrials
- Primary listing
- NASDAQ
- Employees
- 101,000
- Headquarters
- Charlotte, United States
- Website
- www.honeywell.com
HON Metrics
BasicAdvanced
$67B
8.26
$25.73
0.90
$4.27
1.32%
Price and volume
Market cap
$67B
Beta
0.9
52-week high
$496.36
52-week low
$196.98
Average daily volume
3M
Dividend rate
$4.27
Financial strength
Current ratio
1.211
Quick ratio
0.756
Long term debt to equity
1.391
Total debt to equity
1.802
Dividend payout ratio (TTM)
37.42%
Interest coverage (TTM)
5.10%
Profitability
EBITDA (TTM)
8,773
Gross margin (TTM)
36.51%
Net profit margin (TTM)
21.58%
Operating margin (TTM)
19.42%
Effective tax rate (TTM)
19.97%
Revenue per employee (TTM)
$380,000
Management effectiveness
Return on assets (TTM)
5.72%
Return on equity (TTM)
46.58%
Valuation
Price to earnings (TTM)
8.26
Price to revenue (TTM)
1.773
Price to book
3.57
Price to tangible book (TTM)
-8.59
Price to free cash flow (TTM)
16.825
Free cash flow yield (TTM)
5.94%
Free cash flow per share (TTM)
12.634
Dividend yield (TTM)
2.01%
Forward dividend yield
1.32%
Growth
Revenue change (TTM)
11.01%
Earnings per share change (TTM)
46.61%
3-year revenue growth (CAGR)
1.73%
10-year revenue growth (CAGR)
-0.27%
3-year earnings per share growth (CAGR)
16.78%
10-year earnings per share growth (CAGR)
7.25%
3-year dividend per share growth (CAGR)
4.91%
10-year dividend per share growth (CAGR)
7.40%
Bulls say / Bears say
Honeywell raised its 2026 organic-sales growth outlook to 3%-4% and adjusted EPS outlook to $8.05-$8.35 after second-quarter orders rose 16% and backlog reached about $20 billion. That gives the refocused automation business improving near-term momentum rather than just a long-term story. (Honeywell)
Honeywell is concentrating on faster-growing areas such as data centres, LNG, life sciences and semiconductors. Management says these verticals are expected to grow at roughly 15% in 2026, while process-automation backlog rose 25% and long-cycle book-to-bill remained above one. (MarketBeat, Honeywell)
Services and software made up about 40% of revenue, with Honeywell targeting 45%. A larger recurring, higher-margin mix could make earnings more predictable and improve margins as the installed base is monetised. (MarketBeat, StockAnalysis)
The restructuring is unusually broad: Honeywell has separated three businesses and acquired six. Management acknowledges that the new portfolio needs to prove it can deliver stronger organic growth than the old conglomerate, so execution and integration remain material risks. (StockAnalysis, Honeywell Technologies)
Input-cost inflation remains stubborn in electronics, memory, copper and labour. Honeywell expects pricing to cover inflation, but management sees no clear sign of a material improvement in 2027, leaving limited room for margin upside if costs rise faster than prices. (MarketBeat, The Motley Fool)
The portfolio reshuffle is also creating a reported-sales headwind. Honeywell lowered its 2026 sales range to $19.8-$20.0 billion because the Productivity Solutions and Warehouse and Workflow Solutions divestitures happened earlier than expected, increasing the burden on the remaining businesses to deliver organic growth. (Honeywell)
Data summarised monthly by Lightyear AI. Last updated on 19 Sept 2026.
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Funds containing HON
AllEURGBPUSD
Fund name | Fund size | $HON weighting |
|---|---|---|
VanEck Quantum Computing€QUTM | €199M | 4.01% |
Vaneck Quantum Computing£QNTG | £172M | 4.01% |
iShares Dow Jones Industrial Average€EXI3 | €315M | 2.42% |
iShares S&P 500 Industrials Sector€2B7C | €673M | 1.24% |
iShares S&P 500 Industrials Sector£IISU | £578M | 1.24% |
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