Honeywell International Inc.

NasdaqGS:HON Stock Report

Market Cap: US$144.1b

Honeywell International Future Growth

Future criteria checks 2/6

Honeywell International is forecast to grow earnings and revenue by 14.8% and 5.5% per annum respectively. EPS is expected to grow by 16.1% per annum. Return on equity is forecast to be 42.3% in 3 years.

Key information

14.8%

Earnings growth rate

16.06%

EPS growth rate

Industrials earnings growth13.5%
Revenue growth rate5.5%
Future return on equity42.30%
Analyst coverage

Good

Last updated14 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 15

HON: Aerospace Spin And Automation Cohesion Risks May Pressure Future Returns

Honeywell International's analyst price target has been nudged lower by a few dollars, with analysts pointing to updated models that reflect a softer near term cash flow outlook, while still accounting for the planned aerospace separation and the ongoing margin and automation themes highlighted in recent research. Analyst Commentary Recent research on Honeywell International points to a more mixed backdrop, with some firms trimming price targets and flagging execution and growth questions around the portfolio reshaping, while others highlight upside tied to the aerospace separation and automation focus.
Seeking Alpha • Jun 11

Honeywell's Separation Mirrors A Proven Value-Creation Playbook, With Caveats

Summary Honeywell International will separate into Honeywell Technologies and Honeywell Aerospace on June 29, creating two focused standalone businesses. In this article, I'll uses the United Technologies spin-offs and merger with Raytheon as a case study, which confirms that large industrial breakups can indeed generate meaningful long-term shareholder value. I'll also discuss the pros and cons of buying HON stock before the record day for the separation, that is, before or on June 15. In the final part of the article, I'll explain why I'm not buying HON ahead of the spin-off of HONA, despite the undoubtably attractive elements of the investment thesis. Read the full article on Seeking Alpha
Narrative Update • Jun 01

HON: Aerospace Spin Timeline And Portfolio Simplification Will Shape Balanced 2026 Outlook

Analysts have trimmed Honeywell International's fair value estimate by $0.60 to $247.30 per share as they factor in updated assumptions on discount rate, revenue growth, profit margins, and future P/E, following a mix of recent price target increases and reductions tied to upcoming spinoffs and capital market events. Analyst Commentary Recent research on Honeywell shows a split view, with some analysts focused on upcoming spinoffs and capital market events as potential value drivers and others concentrating on execution risks and valuation discipline.
Narrative Update • May 21

Honeywell's Quantum Exposure Could Synchronize with Policy Shifts

Recent shifts in U.S. industrial policy and public-private investment toward quantum computing further reinforce Honeywell’s strategic positioning beyond traditional industrial automation. Through its majority ownership stake in Quantinuum, Honeywell retains exposure to a technology increasingly viewed through a national competitiveness and infrastructure lens rather than purely speculative R&D.
Narrative Update • May 17

HON: Aerospace Spin And Portfolio Moves Will Shape Balanced Risk Reward

Analysts modestly lifted the implied fair value for Honeywell International by about $1 to roughly $201, citing refreshed price targets that balance recent target cuts with higher estimates tied to the planned aerospace spin and updated sum of the parts work. Analyst Commentary Recent research on Honeywell highlights a mixed backdrop, with some firms lifting price targets and others trimming them or expressing more muted expectations.
New Narrative • May 08

Honeywell - The Demand-Side of the AI Infrastructure

Honeywell Automation (RemainCo) - The Demand-Side of the AI Infrastructure Trade Nobody Is Talking About Ticker: HON (pre-separation) → HON Automation (post June 29, 2026) Current Price: ~$217 Separation Date: June 29, 2026 Rating: BUY - Initiation The One-Line Thesis Everyone is buying the power generators and the semiconductors. Nobody has priced what happens when $19 billion of building, industrial, and energy technology backlog gets re-rated as a pure-play AI infrastructure and energy transition play.
Narrative Update • Apr 30

HON: Aerospace Spin And Portfolio Moves Will Shape 2026 Upside Potential

Honeywell International's analyst fair value estimate has shifted modestly higher to $247.90 from $244.40, as analysts balance updated expectations for slightly different revenue growth, profit margin profile, discount rate, and future P/E assumptions against a mix of recent price target increases and reductions across the Street. Analyst Commentary Recent research on Honeywell International shows a mix of higher and lower price targets as analysts update models around the planned Honeywell Aerospace spin, segment reclassification, and recent portfolio transactions.
Narrative Update • Apr 15

HON: Aerospace Spin Execution And Stand Up Costs Will Restrain Further Upside

The analyst price target for Honeywell International has edged up by about $2 to reflect Street research that updates sum-of-the-parts valuations, incorporates revised earnings estimates around the Aerospace spin off, and factors in slightly higher revenue growth expectations alongside a small adjustment to profit margin and P/E assumptions. Analyst Commentary Street research on Honeywell International has been active around the planned Honeywell Aerospace spin off, with firms adjusting targets as they refresh earnings models, update sum of the parts work, and roll estimates forward.
Narrative Update • Apr 01

HON: Aerospace Spin Execution And Resegmentation Will Support Future Repricing Potential

Analysts have nudged Honeywell International's consensus price targets higher into a $245 to $293 range, citing updated earnings forecasts, refreshed sum of the parts valuations, and new detail around the planned Honeywell Aerospace spin in Q3. Analyst Commentary Recent Street research on Honeywell International clusters around higher valuation ranges and a more constructive view on execution, especially with the Honeywell Aerospace spinout planned for Q3.
Narrative Update • Mar 18

HON: Aerospace Spin And Resegmentation Will Support Future Repricing Potential

Honeywell International's updated analyst price targets, which now run as high as about $293, reflect modest tweaks to earnings and segment estimates, along with growing interest in the planned aerospace spin and sum of the parts valuations. Analyst Commentary Analyst sentiment around Honeywell has recently leaned constructive, with several bullish analysts adjusting price targets higher and highlighting the upcoming aerospace spin, updated segment disclosures, and cash generation as key supports for valuation.
Narrative Update • Mar 04

HON: Aerospace Spinoff And Resegmentation Will Support Future Upside Potential

We are increasing our Honeywell International fair value estimate from $271 to $296 per share. This reflects analysts' higher price targets and updated views on revenue growth potential, profit margins, and the value that could be realized from the planned aerospace spinoff.
Narrative Update • Feb 18

HON: Execution On 2026 Plan And AI Retail Push Will Shape Balanced Outlook

The analyst price target for Honeywell International has shifted from $236.01 to $244.40, with analysts pointing to updated assumptions on revenue growth, profit margins, and a slightly lower discount rate, alongside recent Street research that reflects both target increases and adjustments across key firms. Analyst Commentary Recent Street research on Honeywell International has been active, with several firms adjusting price targets and one major upgrade from JPMorgan.
Narrative Update • Feb 03

HON: Execution Risk And 2026 Guidance Tone May Cap Further Upside

The analyst price target for Honeywell International has been raised by $3 to $198, with analysts generally citing updated assumptions for discount rates, P/E expectations, and margin and growth inputs in their valuation work. Analyst Commentary Recent research updates on Honeywell International show a mix of optimism and caution, with several firms adjusting price targets and at least one high profile upgrade from JPMorgan.
Narrative Update • Jan 19

HON: Breakup Phase And Portfolio Moves Will Shape Balanced Risk Reward Outlook

Analysts have trimmed their fair value estimate for Honeywell International by about $3, to roughly $236. This reflects slightly softer assumed revenue growth and a modestly lower future P/E multiple, partly offset by a small improvement in projected profit margins and recent research pointing to potential value from portfolio changes and segment momentum.
Narrative Update • Jan 05

HON: Post Spin Outlook Balances Breakup Catalyst Phase With Execution Risk

Narrative Update Overview The analyst price target for Honeywell International has been revised from US$203 to US$195 as analysts reset assumptions around growth, profitability and future P/E following Q3 updates, recent target trims and the planned Solstice Advanced Materials spin. Analyst Commentary Recent research on Honeywell has centered on the upcoming Solstice Advanced Materials spin and how that affects growth assumptions, execution risk and the valuation framework.
Narrative Update • Dec 21

HON: Breakup Catalyst Phase And Solstice Spin Will Drive Future Upside Potential

Analysts have reduced their fair value estimate for Honeywell International to $271 from $290, citing updated models that reflect slower revenue growth assumptions, a higher discount rate, and the impact of the Solstice spin, while still recognizing resilient margins and supportive sum of the parts valuations across core segments. Analyst Commentary Bullish analysts continue to frame Honeywell as a high quality compounder entering a catalyst rich period, even as some price targets are trimmed to account for the Solstice separation and macro uncertainty.
Narrative Update • Dec 06

HON: Breakup Phase Will Unlock Upside As Quantinuum Monetization Nears

Analysts have trimmed their average price target on Honeywell International by about $2, to roughly $239. This reflects modestly higher revenue growth assumptions but slightly lower fair value and profit margin expectations following recent model updates around the Solstice spin and Q3 results.
Narrative Update • Nov 22

HON: Breakup Phase Will Unlock Upside As Quantinuum Monetization Approaches

Honeywell International's fair value estimate was reduced by analysts from $245.60 to $241.67 per share. This change reflects updates to financial models and sum-of-the-parts analysis following Q3 results and the recent Solstice spin-off.
Narrative Update • Nov 07

HON: Multiple Upcoming Breakup Events Will Unlock Value in Core Business

Honeywell International's analyst fair value target was revised down from $248.54 to $245.60. Analysts cite factors including slower expected revenue growth and profit margins after the Solstice spin-off, as well as updated sum-of-the-parts evaluations.
Narrative Update • Oct 24

Separation Will Refocus Operations and Unlock Pathways for Long-Term Upside

Analysts have slightly lowered their fair value estimate for Honeywell International by approximately $4.43 to $248.54. They cite impacts from the Solstice Advanced Materials spin-off and updated sum-of-the-parts analysis.
Analysis Article • Oct 18

Honeywell International (NASDAQ:HON) Is Increasing Its Dividend To $1.19

The board of Honeywell International Inc. ( NASDAQ:HON ) has announced that it will be increasing its dividend by 5.3...
Analysis Article • Oct 02

Honeywell International's (NASDAQ:HON) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Honeywell International Inc. ( NASDAQ:HON ) has announced that it will be increasing its dividend by 5.3...
Analysis Article • Sep 06

A Look At The Fair Value Of Honeywell International Inc. (NASDAQ:HON)

Key Insights The projected fair value for Honeywell International is US$203 based on 2 Stage Free Cash Flow to Equity...
Analysis Article • Jun 17

When Should You Buy Honeywell International Inc. (NASDAQ:HON)?

Let's talk about the popular Honeywell International Inc. ( NASDAQ:HON ). The company's shares led the NASDAQGS gainers...
Seeking Alpha • Apr 21

Honeywell Before Q1: Stability Is There, But Not Enough To Buy

Summary Honeywell International Inc. is a strong, well-managed company, but current macro conditions and high valuation make it an unattractive buy right now. Tariff concerns and weak short-cycle demand pose risks, though Honeywell is better positioned than peers to weather the storm. Q1 guidance is flat, with negative analyst revisions and high valuation compared to peers, suggesting limited near-term upside. Despite strong segments like Aerospace, HON stock has underperformed, making it a solid Hold rather than a buy before earnings. Read the full article on Seeking Alpha
New Narrative • Apr 08

Separation And Bombardier Deal Will Unlock New Markets

Separation into distinct companies aims to enhance strategic focus and financial flexibility, potentially unlocking significant value and improving growth potential.
Seeking Alpha • Mar 12

Honeywell: Puzzling And Continued M&A Ahead Of The Break-Up

Summary Honeywell's shares have been stagnant around $200 since 2021, with the company undergoing acquisitions and preparing for a major break-up into three segments next year. The diversified industrial conglomerate has a $38 billion revenue, with aerospace and industrial automation as its largest segments, but has shown flattish sales over the past decade. Recent acquisitions and divestments aim to boost growth, but the upcoming split into Automation, Aerospace, and Advanced Materials adds near term complexity. Trading at 20 times forward earnings, Honeywell's shares are not cheap, and significant effort is needed to create real shareholder value post-separation. Read the full article on Seeking Alpha
Seeking Alpha • Feb 26

Honeywell: The Wait Is Over, It Is Time To Buy

Summary Honeywell's planned business split simplifies valuation, potentially unlocking significant shareholder value, similar to GE's successful restructuring. HON's core segments, aerospace and automation, are both expected to experience strong growth. The Company's forward P/E ratio of 20.48x is below its historical range of 22–30x, suggesting potential undervaluation. The recent decline in the stock price following the latest earnings reports appears to be an overreaction, presenting a strong buying opportunity. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NasdaqGS:HON - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202844,0517,2556,8548,10815
12/31/202741,7626,7716,1377,38524
12/31/202639,4225,7305,0635,57825
3/31/202637,6603,9684,1425,161N/A
12/31/202537,4424,4255,4226,408N/A
9/30/202535,9925,2136,5187,485N/A
6/30/202535,3124,8015,3226,194N/A
3/31/202534,5374,7755,4186,246N/A
12/31/202434,7174,9605,2266,097N/A
9/30/202437,8505,6835,6366,771N/A
6/30/202437,3345,7845,4786,583N/A
3/31/202436,9035,7275,4936,572N/A
12/31/202333,0094,9154,5995,340N/A
9/30/202336,4085,4143,8354,751N/A
6/30/202336,1475,4524,1745,025N/A
3/31/202335,9545,2263,6784,454N/A
12/31/202235,4664,9664,5085,274N/A
9/30/202234,9375,3754,7655,571N/A
6/30/202234,4595,0803,7774,607N/A
3/31/202234,3145,2494,2395,096N/A
12/31/202134,3925,5425,1436,038N/A
9/30/202134,6355,4735,2526,157N/A
6/30/202133,9594,9745,0996,045N/A
3/31/202132,6284,6255,2596,247N/A
12/31/202032,6374,7795,3026,208N/A
9/30/202033,2334,9825,0906,040N/A
6/30/202034,5225,8485,6116,504N/A
3/31/202036,2886,3085,8656,702N/A
12/31/201936,7096,143N/A6,897N/A
9/30/201936,9426,302N/A5,842N/A
6/30/201938,6187,016N/A6,249N/A
3/31/201940,2946,742N/A6,432N/A
12/31/201841,8026,765N/A6,434N/A
9/30/201842,9162,525N/A7,047N/A
6/30/201842,2751,533N/A6,576N/A
3/31/201841,4341,658N/A6,162N/A
12/31/201740,5341,545N/A5,966N/A
9/30/201739,6765,098N/A5,836N/A
6/30/201739,3594,992N/A5,983N/A
3/31/201739,2724,919N/A6,119N/A
12/31/201639,3024,812N/A5,498N/A
9/30/201639,2994,969N/A5,419N/A
6/30/201639,1064,993N/A5,592N/A
3/31/201638,8904,868N/A5,417N/A
12/31/201538,5814,768N/A5,519N/A
9/30/201538,8654,530N/A5,318N/A
6/30/201539,3624,433N/A4,824N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HON's forecast earnings growth (14.8% per year) is above the savings rate (3.5%).

Earnings vs Market: HON's earnings (14.8% per year) are forecast to grow slower than the US market (18.5% per year).

High Growth Earnings: HON's earnings are forecast to grow, but not significantly.

Revenue vs Market: HON's revenue (5.5% per year) is forecast to grow slower than the US market (12.7% per year).

High Growth Revenue: HON's revenue (5.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HON's Return on Equity is forecast to be very high in 3 years time (42.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/16 22:00
End of Day Share Price 2026/06/16 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Honeywell International Inc. is covered by 36 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Peter ArmentBaird
Julian MitchellBarclays