Honeywell International Inc. (NASDAQ: HON) is a global conglomerate specializing in aerospace, building technologies, performance materials, and safety solutions. It integrates advanced software and technology to drive innovation, operational efficiency, and energy optimization across various industries and applications worldwide.
Key Takeaways:
- Honeywell’s stock price is expected to show steady growth over the next three decades.
- The company’s diverse portfolio and commitment to innovation place it in a strong position for long-term success.
- By 2050, our forecast suggests Honeywell’s stock could reach $6,800 per share.
Overview of Honeywell International Inc.
Honeywell International Inc. (NASDAQ: HON) originated in 1885 when Swiss-born Albert Butz invented the first thermostat, founding Butz Thermo-Electric Regulator Company. In 1906, Mark Honeywell established Honeywell Heating Specialty Company. These firms evolved, with Minneapolis Heat Regulator Company merging with Honeywell’s venture in 1927, forming Minneapolis-Honeywell Regulator Company.
The important acquisitions by Honeywell International Inc. (NASDAQ: HON):
- Sperian Protection: Acquired in 2010 for $1.4 billion, expanding Honeywell’s safety products and services portfolio.
- EMS Technologies: Acquired in 2011 for $491 million, expanding Honeywell’s position in rugged mobile computing solutions.
- King’s Safetywear: Acquired in 2011 for $331 million, enhancing Honeywell’s personal protective equipment offerings.
- RAE Systems: Acquired in 2013 for $340 million, this acquisition expanded Honeywell’s gas and radiation detection systems portfolio.
- Intermec: Purchased in 2013 for $600 million, enhancing Honeywell’s mobile computing and data collection technologies.
- Elster Group: Acquired in 2015 for $5.1 billion, this acquisition enhanced Honeywell’s capabilities in gas, electricity, and water metering.
- Intelligrated: Purchased in 2016 for $1.5 billion, this acquisition bolstered Honeywell’s supply chain automation offerings.
- Xtralis: Acquired in 2016 for $480 million, strengthening Honeywell’s smoke detection and security analytics capabilities.
- CAES Systems Holdings: Completed in 2024 for approximately $1.9 billion, this acquisition strengthened Honeywell’s defense technology solutions across multiple platforms.
- Carrier’s Global Access Solutions: Acquired in 2024 for $4.95 billion, enhancing Honeywell’s building automation and access control systems.
Honeywell International Inc. 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 (October 4, 2024) | $132.39 billion |
| Website | honeywell |
Honeywell International Inc. (HON) Balance Sheet Analysis
Honeywell International Inc. (NASDAQ: HON) reported a solid financial position in its 2023 balance sheet. Total assets stood at $61.5 billion, with liabilities at $45.1 billion and equity at $16.4 billion.
The company’s debt position shows $21.5 billion in total debt, with net debt at $12.5 billion. Working capital of $5.0 billion indicates good short-term liquidity. Total capitalization reached $32.4 billion, with common stock equity at $15.9 billion.
Notably, Honeywell has negative net tangible assets of -$5.4 billion, suggesting significant intangible assets and goodwill. The invested capital remained stable at $36.3 billion compared to the previous year.
Share information reveals 957.6 million shares issued, with 651.8 million ordinary shares outstanding and 305.8 million treasury shares. Overall, Honeywell maintains a strong balance sheet with manageable debt and solid working capital.
Balance Sheet Data Source: finance.yahoo
Honeywell Stock Price History
Honeywell International Inc. (NASDAQ: HON) had its IPO in the year 1970. Honeywell (HON) has undergone 6 stock splits since 1984. The splits occurred in 1984 (3:2), 1994 (2:1), 1997 (2:1), 2016 (10000:9947), 2018 (1011:1000), and 2018 again (1032:1000). The most recent split was on October 29, 2018. One share purchased before May 30, 1984, would now equal 6.29 shares.1
As of October 4, 2024, Honeywell’s stock price stands at $203.78.
Honeywell Stock Price Forecast 2024
For the remainder of 2024, Honeywell’s stock price is expected to trend upward. The company’s robust performance in aerospace and building technologies sectors is likely to drive growth. Our analysts project a 12% increase from the current price, potentially reaching an average of $228.23 by year-end.
Honeywell’s aircraft engines division, particularly its CFM International LEAP engine, is forecasted to experience increased demand. The company’s building automation systems are gaining traction in the commercial real estate sector, contributing to revenue growth and influencing investor sentiment positively.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $228.23 | $228.23 | $273.88 |
Honeywell Stock Price Forecast 2025
In 2025, Honeywell is positioned to benefit from rising demand for its smart building solutions and aerospace products. We estimate a growth of approximately 13% from 2024, with the stock price potentially averaging around $257.90.
Market analysts predict significant adoption of Honeywell’s fire and security systems in both commercial and residential sectors. The aerospace materials division, particularly its advanced composites, is expected to experience growth due to increasing aircraft production rates, potentially boosting the company’s market capitalization.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $257.90 | $257.90 | $309.48 |
Honeywell Stock Price Forecast 2026
The year 2026 could see Honeywell capitalizing on advancements in its performance materials segment. Financial models suggest an estimated growth of 14% from the previous year, with the average stock price potentially reaching $294.01.
Honeywell’s specialty chemicals division is projected to introduce new products for the electronics industry, potentially increasing market share. Industry experts anticipate increased demand for the company’s gas detection systems in industrial settings, driven by stricter safety regulations and improved technological capabilities.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $294.01 | $294.01 | $352.81 |
Honeywell Stock Price Forecast 2027
In 2027, Honeywell’s investments in safety and productivity solutions are expected to yield returns. Our analysts forecast a 15% increase from 2026, potentially pushing the average stock price to $338.11.
The company’s personal protective equipment line is anticipated to expand, adapting to evolving workplace safety needs. Market trends indicate increased adoption of Honeywell’s productivity solutions, including barcode scanners and wireless communication devices, in logistics and retail sectors, potentially impacting the stock’s beta and volatility.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $338.11 | $338.11 | $405.73 |
Honeywell Stock Price Forecast 2028
The year 2028 might see Honeywell benefiting from widespread adoption of its IoT and connected technologies. We project a growth of 11% from the previous year, with the average stock price potentially reaching $375.30.
Financial analysts expect Honeywell’s building automation systems to incorporate more advanced AI capabilities, enhancing energy efficiency in smart buildings. The aircraft systems division is predicted to introduce new navigation technologies, potentially securing additional contracts in the aviation industry and improving the company’s earnings per share.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $375.30 | $375.30 | $450.36 |
Honeywell Stock Price Forecast 2029
In 2029, Honeywell’s focus on environmental technologies could drive significant growth. Market models anticipate a 12% increase from the previous year, potentially bringing the average stock price to $420.34.
Industry experts expect the performance materials segment to develop new eco-friendly chemicals for various industries. Consumer trends suggest increased adoption of Honeywell’s home automation systems, driven by growing interest in smart home technologies, potentially impacting the company’s revenue growth and profit margins.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $420.34 | $420.34 | $504.41 |
Honeywell Stock Price Forecast 2030
By 2030, Honeywell’s aerospace division might see substantial growth due to advancements in electric and hybrid-electric propulsion systems. Our analysts project a 13% increase, pushing the average stock price to $474.98.
Honeywell’s research into advanced materials is expected to yield new lightweight composites for aircraft manufacturing. Market watchers predict the building technologies segment will introduce innovative solutions for urban infrastructure management, potentially expanding its market share and improving the company’s price-to-earnings ratio.
As we consider Honeywell’s projected growth in aerospace and advanced technologies, it’s worth comparing these trends with other players in related industries. For a comprehensive analysis of another key player in the defense sector, check out our Lockheed Martin stock forecast.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $474.98 | $474.98 | $569.98 |
Honeywell Stock Price Forecast 2031
In 2031, Honeywell could benefit from increased global focus on energy efficiency and smart infrastructure. We estimate a growth of 14%, bringing the average stock price to $541.48.
Financial analysts predict the specialty chemicals division will develop new materials for renewable energy applications, potentially increasing Honeywell’s market capitalization. The fire and security systems are expected to incorporate advanced AI for predictive maintenance, which could improve the company’s return on equity and attract institutional investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $541.48 | $541.48 | $649.78 |
Honeywell Stock Price Forecast 2032
The year 2032 might see Honeywell’s performance materials segment driving significant growth. Our analysts forecast a 15% increase from 2031, potentially pushing the average stock price to $622.70.
Industry experts anticipate Honeywell’s aerospace materials division will introduce new heat-resistant alloys for next-generation aircraft engines. The productivity solutions are expected to leverage advanced robotics, potentially revolutionizing warehouse management systems and improving the company’s free cash flow.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $622.70 | $622.70 | $747.24 |
Honeywell Stock Price Forecast 2033
In 2033, Honeywell’s investments in quantum computing and advanced materials could start showing substantial returns. We project a growth of 11% from the previous year, with the average stock price potentially reaching $691.20.
Market analysts expect Honeywell’s quantum computing research to yield practical applications in optimization and cryptography. The building automation systems are likely to incorporate advanced energy harvesting technologies, potentially enhancing the company’s market share in the commercial real estate sector and improving its debt-to-equity ratio.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $691.20 | $691.20 | $829.44 |
Honeywell Stock Price Forecast 2034
By 2034, Honeywell might be at the forefront of next-generation aerospace technologies. Our analysts anticipate a 12% increase from the previous year, potentially bringing the average stock price to $774.14.
Financial models suggest Honeywell’s aircraft engines division will introduce new ultra-efficient designs, potentially securing major contracts with leading airlines. The personal protective equipment line is expected to incorporate advanced nanomaterials, which could enhance the company’s competitive position and influence analyst ratings positively.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $774.14 | $774.14 | $928.97 |
Honeywell Stock Price Forecast 2035
In 2035, Honeywell’s building technologies segment could see significant growth due to increased urbanization and smart city initiatives. We project a 13% increase, pushing the average stock price to $874.78.
Market watchers predict new applications for Honeywell’s gas detection systems in environmental monitoring for smart cities. The specialty chemicals division is expected to develop new materials for advanced battery technologies, potentially entering the electric vehicle supply chain and improving the company’s revenue growth rate.
Honeywell’s anticipated growth in building technologies and smart city solutions may reflect broader trends in real estate and urban development. For insights into how these trends might affect property-focused companies, explore our Essex Property Trust stock prediction.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $874.78 | $874.78 | $1,049.74 |
Honeywell Stock Price Forecast 2036
The year 2036 might see Honeywell benefiting from advancements in AI and machine learning across its product lines. Our analysts estimate a growth of 14%, with the average stock price potentially reaching $997.25.
Industry experts anticipate Honeywell’s aerospace systems will incorporate more autonomous features, enhancing flight safety and efficiency. The building automation systems are expected to leverage advanced predictive maintenance algorithms, potentially reducing downtime for customers and improving Honeywell’s profit margins.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $997.25 | $997.25 | $1,196.70 |
Honeywell Stock Price Forecast 2037
In 2037, Honeywell’s safety and productivity solutions could drive significant growth due to increased focus on workplace safety and automation. We forecast a 15% increase from 2036, potentially pushing the average stock price to $1,146.84.
Financial analysts expect Honeywell’s productivity solutions to integrate advanced augmented reality technologies for industrial applications. The fire and security systems are predicted to incorporate quantum sensors, potentially revolutionizing threat detection capabilities and enhancing the company’s market position.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $1,146.84 | $1,146.84 | $1,376.21 |
Honeywell Stock Price Forecast 2038
By 2038, Honeywell might be leading in aviation technologies. Our analysts anticipate an 11% increase from the previous year, potentially bringing the average stock price to $1,272.99.
Market models suggest Honeywell’s aircraft engines division will introduce new biofuel-compatible designs, addressing growing environmental concerns in the aviation industry. The performance materials segment is expected to develop advanced recycling technologies for aerospace materials, potentially creating new revenue streams and improving the company’s earnings per share.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $1,272.99 | $1,272.99 | $1,527.59 |
Honeywell Stock Price Forecast 2039
In 2039, Honeywell’s performance materials segment could see substantial growth due to advancements in nanotechnology and smart materials. We project a 12% increase, pushing the average stock price to $1,425.75.
Industry experts anticipate the specialty chemicals division will introduce self-healing materials for various industrial applications. Honeywell’s home automation systems are expected to incorporate advanced energy management features, potentially increasing their appeal in the residential market and improving the company’s return on equity.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $1,425.75 | $1,425.75 | $1,710.90 |
Honeywell Stock Price Forecast 2040
The year 2040 might see Honeywell at the forefront of quantum technologies and advanced computing solutions. Our analysts estimate a growth of 13%, with the average stock price potentially reaching $1,611.10.
Financial models predict Honeywell’s quantum computing research will yield practical applications in financial modeling and drug discovery. The aerospace materials division is expected to introduce new metamaterials with unique properties, potentially revolutionizing aircraft design and performance, and positively impacting the company’s market capitalization.
For a broader perspective on long-term investment trends, including the potential impact of digital currencies, check out our Bitcoin price prediction.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $1,611.10 | $1,611.10 | $1,933.32 |
Honeywell Stock Price Forecast 2050
Looking ahead to 2050, we anticipate Honeywell to be a global leader in multiple high-tech industries. Factoring in compound growth and potential technological breakthroughs, we project the stock price could reach $6,800. This represents a significant increase from 2040, with an average annual growth rate of about 15.5% over the decade.
Market analysts expect Honeywell’s long-term success to be driven by continued innovation in aerospace, building technologies, and advanced materials. The company’s ability to adapt to changing market demands and leverage emerging technologies will be crucial in maintaining its competitive edge and improving its price-to-earnings ratio and dividend yield.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $6,800 | $6,800 | $8,160 |
Conclusion
Our forecast for Honeywell International Inc. (NASDAQ: HON) stock price from 2024 to 2050 shows a pattern of steady growth, driven by the company’s diverse portfolio, focus on innovation, and ability to adapt to changing market conditions. We project the stock price to reach $6,800 by 2050, representing a substantial increase over nearly three decades.
FAQs
1. What is the future of HON share price?
Based on our analysis, the future of Honeywell (HON) share price looks promising. We project steady growth over the next several decades, with the stock price potentially reaching $6,800 by 2050. This forecast is supported by Honeywell’s strong position in key industries such as aerospace, building technologies, and performance materials. The company’s focus on innovation and adaptation to emerging technologies is expected to drive this long-term growth.
2. Is HON a good long-term stock?
HON appears to be a good long-term stock investment. Our projections show consistent growth over the coming years, with an average annual growth rate of around 15.5% between 2040 and 2050. Honeywell’s diverse portfolio, strong market position, and focus on future technologies like quantum computing and advanced materials contribute to its potential as a solid long-term investment.
3. What is the HON 10 year outlook?
The 10-year outlook for HON is positive. From our 2024 projection of $228.23, we forecast the stock price to reach $1,611.10 by 2034. This represents a significant increase over the decade, driven by advancements in Honeywell’s key business segments. Notable areas of growth are expected in aerospace technologies, smart building solutions, and performance materials.
4. Is HON a buy, hold, or sell?
Based on our analysis of Honeywell’s diverse portfolio and strong market position, HON could be considered a “buy” or “hold” for long-term investors. The company’s aerospace division, particularly its aircraft engines and systems, shows promise for growth. Its building technologies segment, including automation and fire security systems, is poised to benefit from the evolving smart infrastructure market.
5. Who are the major competitors of HON?
The major competitors of Honeywell International Inc. (NASDAQ: HON) include:
- ABB Ltd (NYSE: ABB): ABB competes in industrial automation, robotics, and electrification, directly challenging Honeywell’s market share in energy management and industrial solutions.
- General Electric Co. (NYSE: GE): GE competes in aerospace, energy, and healthcare, offering advanced technology and industrial products that challenge Honeywell’s reach in similar sectors.
- 3M Company (NYSE: MMM): 3M, a diversified industrial giant, produces a wide range of materials and products, rivaling Honeywell in personal safety and manufacturing solutions.
- Siemens AG (OTC: SIEGY): Siemens is a global leader in automation, electrification, and digitalization, competing with Honeywell in building technologies and energy-efficient systems.
- Emerson Electric Co. (NYSE: EMR): Emerson competes in automation solutions and commercial systems, offering industrial equipment and software that overlaps with Honeywell’s control technologies.
- Johnson Controls International plc (NYSE: JCI): Johnson Controls is a direct competitor in building automation, security, and HVAC systems, aiming at the same commercial infrastructure markets as Honeywell.
- Raytheon Technologies Corp. (NYSE: RTX): Raytheon specializes in aerospace and defense, providing systems and technologies that rival Honeywell’s offerings in avionics and military applications.
- United Technologies Corporation (UTC): (UTC merged with Raytheon in 2020) Formerly a strong competitor in aerospace systems, UTC merged with Raytheon, intensifying the competition with Honeywell in aerospace.
- Rockwell Automation, Inc. (NYSE: ROK): Rockwell Automation offers industrial automation and control systems, which overlap with Honeywell’s solutions for manufacturing, energy, and industrial efficiency.
- Schneider Electric SE (OTC: SBGSY): Schneider competes with Honeywell in building automation, energy management etc., focusing on intelligent infrastructure and smart energy solutions.
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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