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NYSE:HON
This summary was created by AI, based on 25 opinions in the last 12 months.
Honeywell International (HON) has garnered a mixed set of opinions from various experts. While there are indications of a positive trajectory for HON, particularly with its upcoming spinoff that aims to streamline operations and potentially unlock shareholder value, concerns regarding its relatively low growth rate compared to its industrial peers persist. Some analysts suggest alternatives like Caterpillar (CAT), which has a higher growth rate and is more suited to the current trends in AI and aerospace. The spinoff may present new opportunities and potentially elevate shares, but past examples like the GE breakup highlight that execution is crucial for success. Overall, while there are strong fundamentals in aerospace and automation, the path forward appears cautious, with some experts advising to hold rather than aggressively pursue buying opportunities.
Trading about 25x earnings, fairly close to its historical average. Because of this, multiple won't expand so you're just looking for earnings growth. Still a bit rich for him. Very defensive attributes in this environment. If your heart is set on it, watch and wait for a pullback. He prefers RTX right now.
He sold in January on valuation. Great company. One to own when the price is right. 21st century leader in industrial technology.