Honeywell International Inc. (NASDAQ: HON) is a renowned multinational conglomerate known for its diverse range of products and services, spanning aerospace, building technologies, performance materials, and safety and productivity solutions.
Key Takeaways:
- Honeywell International Inc. is a diversified conglomerate with a strong presence in multiple industries.
- The company’s stock price is expected to experience steady growth over the next two decades.
- Our forecasts are based on industry trends, company performance, and macroeconomic factors.
- We provide detailed annual price forecasts, incorporating low, high, and average price projections.
- Investors can expect a compound annual growth rate (CAGR) of around 8% over the forecasted period.
Overview of Honeywell
Honeywell International Inc. is a multinational corporation that has been at the forefront of innovation for over a century. Founded in 1906, the company has evolved from its humble beginnings as a heating control company to become a global leader in diverse industries, including aerospace, building technologies, performance materials, and safety and productivity solutions.
With a presence in more than 100 countries, Honeywell has consistently demonstrated its commitment to excellence through cutting-edge technologies, strategic acquisitions, and a strong focus on research and development. The company’s diverse portfolio and strong financial performance have positioned it as a trusted name in the global market, making it an attractive investment opportunity for investors seeking long-term growth.
Honeywell Company Profile
| Country | United States |
| Ticker Symbol | HON |
| Exchange | NASDAQ |
| Founded | 1906 |
| IPO Date | 1970 |
| Industry | Conglomerate |
| Sector | Consumer Goods |
| Employees | 95,000 |
| CEO | Vimal Kapur |
| Market Cap (May 30, 2024) | $130.83 billion |
| Website | honeywell |
Honeywell (HON) Balance Sheet Analysis
Honeywell International Inc. (NASDAQ: HON), a diversified industrial conglomerate, reported a robust balance sheet for the fiscal year 2023. The company’s total assets stood at $61.53 billion, a slight decrease from the previous year’s $62.28 billion.
On the liabilities side, Honeywell’s total liabilities, net of minority interest, amounted to $45.08 billion, marginally higher than the $44.95 billion recorded in 2022. The company’s total equity, including minority interest, declined to $16.44 billion from $17.33 billion the year before. Total capitalization, representing the sum of total debt and total equity, was $32.42 billion in 2023.
Honeywell’s working capital remained relatively stable at $4.96 billion, compared to $5.04 billion in 2022. The company’s total debt increased to $21.54 billion from $20.54 billion in the prior year, while its net debt rose to $12.52 billion from $9.94 billion.
Overall, Honeywell International Inc. maintained a solid balance sheet position in 2023, with a manageable debt level and sufficient liquidity to support its operations and future growth initiatives. The company had 957.6 million shares issued and 651.8 million ordinary shares outstanding.
Balance Sheet Data Source: finance.yahoo
Honeywell Stock Price History
Honeywell International Inc. (NASDAQ: HON) has undergone a total of 6 stock splits since its IPO in 1970. The first split took place in 1984, when the company executed a 3-for-2 split on May 30th, 1984. This was followed by a 2-for-1 split in 1994 on March 15th, 1994, and another 2-for-1 split in 1997 on September 16th, 1997.
More recently, Honeywell’s shares split on a 10,000-for-9,947 basis in October 2016, specifically on October 3rd, 2016. This was then followed by a 2-for-1 split on October 1st, 2018, and another 2-for-1 split just a few weeks later on October 29th, 2018. Over the years, these stock splits across 1984, 1994, 1997, 2016, and 2018 have created a cumulative multiple of 6.293, indicating that one share purchased prior to the first split in May 1984 would now be equivalent to 6.293 shares today.1
As of May 31, 2024, Honeywell’s stock price stands at $202.22.
Honeywell Stock Price Forecast 2024
For the remainder of 2024, we expect Honeywell’s stock price to continue its upward trajectory. The company’s diverse portfolio and strong presence in critical industries position it well for growth. Additionally, ongoing economic recovery and increasing demand for Honeywell’s products and services will likely drive its stock price higher.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $175.00 | $210.00 | $225.00 |
Our forecast suggests a potential growth rate of 3-11% for Honeywell’s stock price in 2024, with an average price projection of $210.00.
Honeywell Stock Price Forecast 2025
In 2025, we anticipate Honeywell’s stock price to experience a moderate growth rate, driven by ongoing economic recovery, new product launches, and strategic acquisitions. The company’s focus on innovation and technological advancements will likely contribute to its overall performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $215.00 | $230.00 | $245.00 |
Our forecast suggests a potential growth rate of 6-16% for Honeywell’s stock price in 2025, with an average price projection of $230.00.
Honeywell Stock Price Forecast 2026
In 2026, we expect Honeywell’s stock price to maintain its upward trajectory, fueled by the company’s strong fundamentals, robust financials, and favorable industry trends. The company’s commitment to sustainability and environmental initiatives may also resonate with investors, contributing to its stock price growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $235.00 | $250.00 | $265.00 |
Our forecast suggests a potential growth rate of 8-15% for Honeywell’s stock price in 2026, with an average price projection of $250.00.
Honeywell Stock Price Forecast 2027
By 2027, Honeywell’s diversified portfolio and strong market position are expected to drive its stock price higher. The company’s focus on emerging markets and strategic partnerships may unlock new growth opportunities, further bolstering its stock performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $260.00 | $275.00 | $290.00 |
Our forecast suggests a potential growth rate of 10-16% for Honeywell’s stock price in 2027, with an average price projection of $275.00.
Honeywell Stock Price Forecast 2028
In 2028, we anticipate Honeywell’s stock price to benefit from the company’s continued innovation and technological advancements. The increasing demand for automation, digitalization, and sustainable solutions may contribute to Honeywell’s growth, reflecting positively on its stock price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $285.00 | $300.00 | $315.00 |
Our forecast suggests a potential growth rate of 9-14% for Honeywell’s stock price in 2028, with an average price projection of $300.00.
Honeywell Stock Price Forecast 2029
As Honeywell enters 2029, its strong brand recognition, global footprint, and diversified revenue streams are expected to drive its stock price higher. The company’s commitment to operational excellence and cost optimization may also contribute to its overall performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $310.00 | $325.00 | $340.00 |
Our forecast suggests a potential growth rate of 8-13% for Honeywell’s stock price in 2029, with an average price projection of $325.00.
Honeywell Stock Price Forecast 2030
In 2030, we expect Honeywell’s stock price to maintain its upward trajectory, driven by the company’s strong financial performance, strategic acquisitions, and favorable macroeconomic conditions. The company’s focus on emerging technologies, such as artificial intelligence and the Internet of Things (IoT), may also contribute to its growth prospects.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $335.00 | $350.00 | $365.00 |
Our forecast suggests a potential growth rate of 7-12% for Honeywell’s stock price in 2030, with an average price projection of $350.00.
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Honeywell Stock Price Forecast 2031
By 2031, Honeywell’s strong financial performance, coupled with its commitment to sustainability and corporate social responsibility, may resonate with investors, driving its stock price higher. The company’s focus on developing innovative solutions for emerging markets may also contribute to its growth prospects.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $360.00 | $380.00 | $400.00 |
Our forecast suggests a potential growth rate of 8-14% for Honeywell’s stock price in 2031, with an average price projection of $380.00.
Honeywell Stock Price Forecast 2032
In 2032, we anticipate Honeywell’s stock price to benefit from the company’s continued focus on operational excellence, cost optimization, and strategic partnerships. The increasing demand for energy-efficient and sustainable solutions may also contribute to Honeywell’s growth prospects, reflecting positively on its stock price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $390.00 | $410.00 | $430.00 |
Our forecast suggests a potential growth rate of 7-13% for Honeywell’s stock price in 2032, with an average price projection of $410.00.
Honeywell Stock Price Forecast 2033
As Honeywell enters 2033, its strong brand recognition, global footprint, and diversified revenue streams are expected to drive its stock price higher. The company’s commitment to innovation and technological advancements may also contribute to its overall performance, attracting investor interest.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $420.00 | $440.00 | $460.00 |
Our forecast suggests a potential growth rate of 7-12% for Honeywell’s stock price in 2033, with an average price projection of $440.00.
Honeywell Stock Price Forecast 2034
In 2034, we expect Honeywell’s stock price to maintain its upward trajectory, driven by the company’s strong financial performance, strategic acquisitions, and favorable macroeconomic conditions. The increasing demand for automation, digitalization, and sustainable solutions may contribute to Honeywell’s growth prospects, reflecting positively on its stock price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $450.00 | $475.00 | $500.00 |
Our forecast suggests a potential growth rate of 8-13% for Honeywell’s stock price in 2034, with an average price projection of $475.00.
Honeywell Stock Price Forecast 2035
By 2035, Honeywell’s strong financial performance, coupled with its commitment to sustainability and corporate social responsibility, may resonate with investors, driving its stock price higher. The company’s focus on developing innovative solutions for emerging markets may also contribute to its growth prospects.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $485.00 | $510.00 | $535.00 |
Our forecast suggests a potential growth rate of 7-12% for Honeywell’s stock price in 2035, with an average price projection of $510.00.
Honeywell Stock Price Forecast 2036
In 2036, we anticipate Honeywell’s stock price to benefit from the company’s continued focus on operational excellence, cost optimization, and strategic partnerships. The increasing demand for energy-efficient and sustainable solutions may also contribute to Honeywell’s growth prospects, reflecting positively on its stock price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $520.00 | $545.00 | $570.00 |
Our forecast suggests a potential growth rate of 6-11% for Honeywell’s stock price in 2036, with an average price projection of $545.00.
Honeywell Stock Price Forecast 2037
As Honeywell enters 2037, its strong brand recognition, global footprint, and diversified revenue streams are expected to drive its stock price higher. The company’s commitment to innovation and technological advancements may also contribute to its overall performance, attracting investor interest.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $555.00 | $580.00 | $605.00 |
Our forecast suggests a potential growth rate of 6-11% for Honeywell’s stock price in 2037, with an average price projection of $580.00.
Honeywell Stock Price Forecast 2038
In 2038, we expect Honeywell’s stock price to maintain its upward trajectory, driven by the company’s strong financial performance, strategic acquisitions, and favorable macroeconomic conditions. The increasing demand for automation, digitalization, and sustainable solutions may contribute to Honeywell’s growth prospects, reflecting positively on its stock price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $590.00 | $620.00 | $650.00 |
Our forecast suggests a potential growth rate of 6-12% for Honeywell’s stock price in 2038, with an average price projection of $620.00.
Honeywell Stock Price Forecast 2039
By 2039, Honeywell’s strong financial performance, coupled with its commitment to sustainability and corporate social responsibility, may resonate with investors, driving its stock price higher. The company’s focus on developing innovative solutions for emerging markets may also contribute to its growth prospects.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $630.00 | $660.00 | $690.00 |
Our forecast suggests a potential growth rate of 6-11% for Honeywell’s stock price in 2039, with an average price projection of $660.00.
Honeywell Stock Price Forecast 2040
In 2040, we anticipate Honeywell’s stock price to benefit from the company’s continued focus on operational excellence, cost optimization, and strategic partnerships. The increasing demand for energy-efficient and sustainable solutions may also contribute to Honeywell’s growth prospects, reflecting positively on its stock price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $670.00 | $700.00 | $730.00 |
Our forecast suggests a potential growth rate of 6-10% for Honeywell’s stock price in 2040, with an average price projection of $700.00.
Honeywell Stock Price Forecast 2050
As we look ahead to 2050, Honeywell’s diversified portfolio, strong market position, and commitment to innovation are expected to drive its stock price to new heights. The company’s focus on emerging technologies, sustainable solutions, and strategic acquisitions may contribute to its long-term growth prospects.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $5,000.00 | $5,800.00 | $6,600.00 |
Our forecast suggests a potential growth rate of 8-10% CAGR for Honeywell’s stock price from 2040 to 2050, with an average price projection of $5,800.00 in 2050.
Conclusion
Honeywell International Inc.’s (NASDAQ: HON) stock price forecast for the next two decades presents a promising outlook. Our analysis suggests a compound annual growth rate (CAGR) of around 8% over the forecasted period, with the stock price potentially reaching $5,800.00 by 2050. This growth is anticipated to be driven by the company’s diversified portfolio, strong financial performance, commitment to innovation, and strategic acquisitions.
FAQs
1. Is Honeywell a buy or sell?
Based on our analysis and stock price forecasts, Honeywell International Inc. (NASDAQ: HON) appears to be a compelling buy opportunity for long-term investors. The company’s diversified portfolio, strong financial performance, commitment to innovation, and strategic acquisitions position it well for sustained growth over the next two decades. Our projections indicate a potential compound annual growth rate (CAGR) of around 8%, suggesting that Honeywell’s stock could be an attractive addition to an investor’s portfolio.
2. What is the Honeywell stock prediction for 2030?
According to our forecast, Honeywell’s stock price is expected to reach an average of $350.00 in 2030, with a potential range of $335.00 (low) to $365.00 (high). This projection represents a growth rate of 7-12% for the year 2030, driven by the company’s strong financial performance, strategic acquisitions, and favorable macroeconomic conditions.
3. Who is Honeywell’s biggest competitor?
Honeywell operates in various industries, and its biggest competitors vary depending on the specific sector. However, some of Honeywell’s major competitors include:
- United Technologies Corporation (UTC) in the aerospace and building technologies sectors
- 3M Company in the performance materials and safety solutions sectors
- General Electric Company (GE) in the aerospace and industrial sectors
- Siemens AG in the building technologies and automation sectors
4. What is Honeywell famous for?
Honeywell is widely renowned for its diverse range of products and services spanning multiple industries. Some of the areas for which Honeywell is famous include:
- Aerospace solutions: Honeywell is a leading provider of aircraft engines, auxiliary power units, avionics, and other aerospace systems.
- Building technologies: The company offers a wide range of products and services for the construction, energy, and security industries, including HVAC systems, fire safety solutions, and building automation systems.
- Performance materials: Honeywell is known for its high-performance materials used in various industries, such as automotive, aerospace, and electronics.
- Safety and productivity solutions: The company provides personal protective equipment, scanning and mobility solutions, and industrial safety products.
5. What is the outlook for Honeywell stock price?
Our analysis presents a promising outlook for Honeywell’s stock price over the next two decades. Our forecast suggests that the company’s stock price could potentially reach $5,800.00 by 2050, driven by its diversified portfolio, strong market position, and commitment to innovation. However, it is essential to note that this projection is subject to various market conditions, macroeconomic factors, and unforeseen events. Overall, Honeywell’s stock is expected to experience steady growth, making it an attractive investment opportunity for investors seeking long-term gains and diversification.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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