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)
47% more first-time investments, than exits
New positions opened: 163 | Existing positions closed: 111
22% more call options, than puts
Call options by funds: $1.11B | Put options by funds: $910M
4% more repeat investments, than reductions
Existing positions increased: 980 | Existing positions reduced: 942
1% more funds holding
Funds holding: 2,435 [Q2] → 2,451 (+16) [Q3]
2.26% less ownership
Funds ownership: 82.86% [Q2] → 80.6% (-2.26%) [Q3]
6% less capital invested
Capital invested by funds: $116B [Q2] → $109B (-$6.88B) [Q3]
19% less funds holding in top 10
Funds holding in top 10: 31 [Q2] → 25 (-6) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Barclays Julian Mitchell 63% 1-year accuracy 70 / 111 met price target | 17%upside $260 | Overweight Maintained | 17 Jan 2025 |
JP Morgan Stephen Tusa 73% 1-year accuracy 22 / 30 met price target | 4%upside $231 | Neutral Maintained | 15 Jan 2025 |
Citigroup Andrew Kaplowitz 66% 1-year accuracy 53 / 80 met price target | 20%upside $266 | Buy Maintained | 13 Jan 2025 |
Wells Fargo Joseph O'Dea 68% 1-year accuracy 21 / 31 met price target | 8%upside $240 | Equal-Weight Maintained | 7 Jan 2025 |
Jefferies Sheila Kahyaoglu 71% 1-year accuracy 24 / 34 met price target | 17%upside $260 | Hold Maintained | 17 Dec 2024 |
Financial journalist opinion
Based on 20 articles about HON published over the past 30 days
