Honeywell International Inc

Honeywell International Inc

HON

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Market Cap$77.03B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Honeywell International IncHoneywell International Inc93.87%34%21.1

Earnings Call Q2 2026

July 23, 2026 - AI Summary

Strong Q2 performance + raised outlook (good/surprising): Honeywell Technologies delivered 4% organic sales growth in 2Q and 16% organic orders growth, translating into 9% higher ending backlog and book-to-bill ~1.1. Segment margin expanded +100 bps (to 19% total segment margin), driving adjusted EPS of $1.95 (+10% YoY). Management said 2Q results beat early-June expectations, increasing confidence for 2H.
Updated 2026 guidance (forecasts): - Organic sales growth: raised to 3%–4% for full year (from 2%–3% previously). - 2H growth specifically: now expects 4%–6% (from 3%–5% previously), with 2H segment growth 4%–6% tied to Building Automation strength and continued momentum in Process Automation & Technology and Industrial Automation. - Segment margin: raised by +25 bps at midpoint to 250–290 bps; expects >22% segment margin exiting the year. - Adjusted EPS: raised to $8.20 at midpoint (from $8.10), ~+27% vs prior year. - Free cash flow: maintained roughly $2B in 2026, with ~95% cash conversion and “majority in the second half.”
Process Automation catalyst-driven inflection (opportunity): Process Automation & Technology had -1% organic sales in Q2, but management expects a sharp growth inflection beginning in Q3 driven by backlog conversion and much stronger catalyst shipments. Full-year expectations improved to “up low single digits” for that segment (from ~flat previously). They also highlighted a key comparison issue: aftermarket down ~6% due to a tougher prior-year catalyst shipment.

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$261.47

Target Price by Analysts

7.6% upsideHoneywell International Target Price DetailsTarget Price
$360.25

Current Fair Value

48.2% upside

Undervalued by 48.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$77.03 Billion
Enterprise Value$96.99 Billion
Dividend Yield$9.40 (3.87%)
Earnings per Share$14.8
Beta0.93
Outstanding Shares317,200,000

Return

Return on Equity34.18%ROE
Return on Assets11.15%
Return on Invested Capital22.81%

Valuation & Multiples

P/E Ratio8.99P/E Ratio
PEG3.43PEG
Price to Sales1.98Price to Sales
Price to Book Ratio3.08Price to Book Ratio
Enterprise Value to Revenue2.49
Enterprise Value to EBIT7.85
Enterprise Value to Net Income11
Total Debt to Enterprise0.3
Debt to Equity1.14Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 23, 2026
EPS Estimate
$1.80
Average shareholder expectation
Revenue Estimate
$5.03 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 22, 2026
EPS Estimate
$2.14
Average shareholder expectation
Revenue Estimate
$5.03 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0274 30.92%
Total Calls3,650 99.97%
Total Puts100 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %4.72% 73.11%
Total Invested$3.30B 97.04%
Investors Holding960 1911.00%

ESG Score

No data

About Honeywell International Inc

113,000 employees
CEO: Darius Adamczyk

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 ...

Relevant Senate Committees

Joint Committee on Taxation

As the key body providing technical analysis and revenue estimates for all tax legislation, this committee directly influences the corporate tax structures and overall tax burden faced by Honeywell.

Finance

This powerful committee controls taxation and trade. Changes in corporate tax policy directly impact Honeywell's profitability, while trade policy (e.g., tariffs) affects its global supply chain and international sales.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine the specific funding for defense, research, and infrastructure projects, which directly impacts Honeywell's government contracts and order books.

Armed Services

Honeywell's Aerospace segment is a significant defense contractor. This committee directly oversees the Department of Defense and authorizes the annual NDAA, determining critical revenue streams and R&D funding for military technologies.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce and the FAA. FAA regulations are critical for Honeywell's aerospace products, while telecommunications and technology regulations can impact its connected building and industrial solutions.

Energy and Natural Resources

Honeywell's Performance Materials & Technologies segment provides critical solutions to the oil, gas, and refining industries. Energy policy and regulations on natural resources directly impact demand for these technologies.

Homeland Security and Governmental Affairs

As a major federal contractor (aerospace, building technologies for government), Honeywell is directly impacted by regulations on government procurement, efficiency, and oversight of agencies like DHS, which are significant customers.