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Honeywell International (HON-N)
94 watching
NYSE:HON
208.13
1.22
(0.58%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Jan 27, 2023, 9:00 pm
0
COMMENT
It reports Thursday. He expects a clean story about aerospace, but a difficult story about software and climate controls. He also wants to hear how they're dealing with their large debt.
INDUSTRIAL PRODUCTS
$208.160
Owned
BUY
Likes it strongly among industrials. Shares are down 6% YTD because of a shift to growth names and industrials are early-cycle names (we're in the late cycle). Likes their exposure to defence, and it pays a 2% dividend yield. There's still runway the rest of this year.
INDUSTRIAL PRODUCTS
PARTIAL BUY
He bought it recently (last month). He likes that they're focused on automating manufacturing going forward. They have a great CEO. He held his nose to buy it, because it was not cheap, but they are in the right spot.
INDUSTRIAL PRODUCTS
BUY
There's a strong secular tailwind for agriculture as well as capital expenditure to produce greater efficiency. She'd be looking at automation, like Rockwell and Honeywell. Then, how do you move those goods? Look at Union Pacific. There are various ways to play the industrial sector as you move into 2023. She expects capex in private and public levels to pick up in 2023 in the U.S. but also globally even with a (shallow) recession. This is a long-term trend. You can also play this the ETF, GUNR,
INDUSTRIAL PRODUCTS
WEAK BUY
HON vs. RTX for a 2-year hold? He owns both. Both heavily involved in aerospace. HON has done extremely well, increased organic growth and margins. Success means HON is getting a bit expensive. RTX has more potential, ability to grow free cashflow over next 2-3 years, a good buy.
INDUSTRIAL PRODUCTS
BUY
Allan Tong’s Discover Picks Honeywell has held up well this year, down only 4% compared to the Nasdaq’s -30%, which makes this a fairly safe stock. For the most part, HON stock has been rangebound between $170 and $200 and currently is riding the market upswing and returning to $200. It could break this level and return to its 52-week high of $228.26 as the market enters a historically strong period, given the U.S. midterm election which typically rises after that vote. In the meantime, shareholders are paid a 2.1% dividend as it trades at a 27x PE though Honeywell’s forward PE of 20.24x is more inline with the company’s historic average. (A caveat, but not a dealbreaker.) Read 3 Must Have Safe Stocks to Play Defensive for our full analysis.
INDUSTRIAL PRODUCTS
BUY
Likes it. Their exposure to aerospace is positive, given UAL's strong quarter this past week. Pays a 2.25% dividend. Their quarter should be good.
INDUSTRIAL PRODUCTS
COMMENT
A fine conglomerate involved in automation and industrials. Well-run, particularly in capital allocation. Trades at a premium. But he prefers Raytheon, which is slightly different--a mix of aerospace and defence--but there's room for multiple expansion around 15x PE now. Both companies have decent growth outlooks, but Raytheon is better.
INDUSTRIAL PRODUCTS
BUY
Honeywell vs. Carrier for HVAC investment HVAC is recurring, so kind of defensive. She owns neither, but Carrier offers direct exposure to HVACs. She likes Honeywell, a more diversified industrial. Are well-managed. She likes their aerospace exposure as international travel resumes. Overall, she prefers Honeywell.
INDUSTRIAL PRODUCTS
BUY on WEAKNESS
Likes this industrial Covid hobbled its aereospace business, but post-Covid that will come back. Will buy more at $190.
INDUSTRIAL PRODUCTS
TOP PICK
A broad industrial that makes home safety products but also they make avionics and aerospace instrumentation. Their order book is at a record backlog of $29.5 billion. Their latest earnings beat earnings and revenues. They reaffirmed growth for 2022. Trades under 20x earnings. Solid balance sheet and dividend. (Analysts’ price target is $206.67)
INDUSTRIAL PRODUCTS
BUY on WEAKNESS
With industrials, what's the macro in the future, like a recession in Q3 or Q4? It's fully valued now. $168.73 is his model price. A huge buy at $112, though.
INDUSTRIAL PRODUCTS
HOLD
It's one of the best industrials in America. Its core aerospace and climate controls for commercial buildings took a hit during Covid. Industrial software, warehouse automation and quantum computing are businesses underappreciated, especially in this defensive market. He's willing to hold on and wait. Last month, it reported mixed results and shares got hammered. What will it take to make a comeback?
INDUSTRIAL PRODUCTS
TOP PICK
New addition to his portfolio. A third of its business is aerospace, which has been held down by the pandemic. The other side is the internet of things. Now has a monitor for airborne viruses. Exciting company, trades at less than 20x earnings, A+ balance sheet. Yield is 2.14%. (Analysts’ price target is $222.13)
INDUSTRIAL PRODUCTS
BUY
A great industrial stock doing a great job in a tough environment. The stock has been crushed, because Boeing is their supplier. HON said they will have excellent organic growth in 2022. Will the CEO pick up a company to turn the narrative around?
INDUSTRIAL PRODUCTS
Honeywell International(HON-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 10
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 11
Honeywell International(HON-N) Frequently Asked Questions
What is Honeywell International stock symbol?
Honeywell International is a American stock, trading under the symbol HON-N on the New York Stock Exchange (HON). It is usually referred to as NYSE:HON or HON-N
Is Honeywell International a buy or a sell?
In the last year, 11 stock analysts published opinions about HON-N. 10 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Honeywell International.
Is Honeywell International a good investment or a top pick?
Honeywell International was recommended as a Top Pick by on . Read the latest stock experts ratings for Honeywell International.
Why is Honeywell International stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Honeywell International worth watching?
11 stock analysts on Stockchase covered Honeywell International In the last year. It is a trending stock that is worth watching.
What is Honeywell International stock price?
On 2023-01-27, Honeywell International (HON-N) stock closed at a price of $208.13.
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