HoneywellHON
About: 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 (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). 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 30% of its revenue from recurring aftermarket services.
Employees: 95,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
23% more call options, than puts
Call options by funds: $1.1B | Put options by funds: $897M
8% more first-time investments, than exits
New positions opened: 161 | Existing positions closed: 149
4% more repeat investments, than reductions
Existing positions increased: 978 | Existing positions reduced: 940
0% more funds holding
Funds holding: 2,432 [Q2] → 2,444 (+12) [Q3]
2.71% less ownership
Funds ownership: 79.92% [Q2] → 77.22% (-2.71%) [Q3]
7% less capital invested
Capital invested by funds: $112B [Q2] → $105B (-$7.35B) [Q3]
23% less funds holding in top 10
Funds holding in top 10: 31 [Q2] → 24 (-7) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Jefferies Sheila Kahyaoglu 68% 1-year accuracy 23 / 34 met price target | 12%upside $260 | Hold Maintained | 17 Dec 2024 |
Goldman Sachs Joe Ritchie 63% 1-year accuracy 17 / 27 met price target | 11%upside $256 | Buy Maintained | 12 Dec 2024 |
Citigroup Andrew Kaplowitz 60% 1-year accuracy 40 / 67 met price target | 16%upside $268 | Buy Maintained | 9 Dec 2024 |
Barclays Julian Mitchell 56% 1-year accuracy 57 / 101 met price target | 12%upside $260 | Overweight Maintained | 5 Dec 2024 |
RBC Capital Deane Dray 51% 1-year accuracy 33 / 65 met price target | 9%upside $253 | Sector Perform Reiterated | 3 Dec 2024 |
Financial journalist opinion
Based on 36 articles about HON published over the past 30 days
