HON Investment Analysis & Stock Research, Honeywell International, Inc.

Log InorSign Up

Honeywell International, Incorporated (HON)

The Razor's Edge

2-Year Price History

Recent Price
(5/4 4:02PM) -0.3%
$31.52
52-Week Price
$23.06 - $59.52
Market Capitalization
$23.3 Billion
Dividend Yield
3.80%
Most Recent Dividend
$1.10
All Financial News about HON is here.

About Honeywell International, Inc.

Honeywell International, Incorporated is considered to operate in the Industrial Goods sector. They specifically operate in the Aerospace - Defense- Products/Services business segment contained within the Aerospace/Defense industry.

A technology and manufacturing company, which serves customers with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products and chemicals etc.

Ockham's Rating

Rating specific information requires Premium Access.
Buy Now or Take the Tour.

HON Revenue

For a long time, value investors have used the current share price relative to sales per share levels as an important valuation tool. We utilize a historical weighted average methodology that treats recent years more importantly in the calculation. When looking at HON through this framework, we can see that our weighted average historical high and low Price to Sales per share ratios over the last 10 years are 1.42x and 0.88x respectively.

Utilizing this range we can see that HON’s current Price to Sales per share ratio of 0.60x is significantly below its average levels historically. In fact, with a current price of $31.63, HON is a full 48% below its average Price to Sales ratio at comparable sales levels. This is a rare occurrence and, when taken in context of the other areas of our analysis, can be a strong positive for our outlook for HON.

HON Cash Earnings

Cash Earnings is always one of the most important factors to review for a company and, more importantly, an investment in a stock. HON is significantly below their historical average multiples of Cash Earnings, as calculated by our proprietary analysis. It is incredibly important to understand that for HON, the current level of Cash Earnings compared to its historical levels helps identify where HON is in relation to what the investing community was willing to pay for this level of Cash Earnings in the past. With a historical high Cash Earnings per share ratio of 21.59 and a historical low Cash Earnings per share ratio of 12.53, an investor can relate where value becomes optimal.

So what does "significantly below" mean when we talk about Price to Cash Earnings numbers for HON? From the Ockham perspective, we are looking specifically at HON to see if the market is recognizing the huge disparity between HON's past stock price to Cash Earnings ratio to today's levels. At a difference of 64% below the average historical Price to Cash Earnings ratio, our view would be quite positive at this point. However, as with all metrics, we need to also take other factors into account when looking at HON. While we view better Cash Earnings metrics as very important, if the market is slow to identify this value, or if Cash Earnings were to fall from these levels, we would become more neutral in our stance.

HON Dividends

When determining a company's future prospects for success, Ockham Research sees analysis of dividend payments as a key additional factor. Even though it isn't imperative for HON to shell out a dividend in order to receive a positive rating, it can be helpful to further our analysis.

The estimated annual dividend for HON is $1.21 producing a current dividend yield of 3.83%. Much like our evaluation of Sales and Cash Earnings per share, we review dividend yields from HON against the historic high and low levels over all available dividend history. Because dividends are a decision made exclusively by management, we view a healthy and rising dividend as a sign of confidence and strength. The highest dividend yield from HON over previous years was 5.25% while the lowest dividend yield was 1.24%. If you are looking for some “bang for your buck” then a dividend yield of 18.03% above the historical median should be enticing. HON receives a positive boost in our view because as you know, equity at its core is simply a claim on future dividends.

Peer Comparison

:

Honeywell International, Inc. Industry Grouping

(5/1/2009)
Company Ticker Market Cap (Ml) Latest
Price
Price/Cash Earnings Price/Sales 5-Yr. Rev.
Growth Rate
5-Yr.
Avg. ROE.
Current 10-Yr. Range* Current 10-Yr. Range*
Peer Company Averages (not incuding HON) 7.77 6.07 » 23.16 0.65 0.42 » 1.44 10.21% 22.75%
*10 year range does not include current year values
Lockheed Martin Corp. LMT $31.7 Billion $81.59 7.81 6.54 » 30.81 0.73 0.28 » 1.23 6.07% 44.22%
The Boeing Company BA $29.9 Billion $41.21 7.19 4.22 » 19.26 0.44 0.40 » 1.25 3.83% 25.91%
Honeywell International, Inc. HON $23.3 Billion $31.63 6.29 4.63 » 77.26 0.60 0.47 » 1.95 9.61% 22.60%
General Dynamics Corp. GD $20.2 Billion $52.38 6.96 6.31 » 21.38 0.67 0.59 » 1.75 12.01% 19.20%
Raytheon Company RTN $18.3 Billion $45.67 8.87 7.15 » 25.19 0.80 0.35 » 1.32 5.06% 12.46%
L-3 Communications Holdings Inc LLL $9.2 Billion $77.68 8.04 6.13 » 19.15 0.62 0.46 » 1.64 24.10% 11.96%
>
Ockham Ratings & Analysis Report
powered by Psydex

The latest TV Media Discussion

6:50:36 PM HON $29.65 Honeywell International, Inc.
Mad Money
6 days ago (04/28)
“…Multiyear buy under 30 yielding4%. You listen to me, peter, listen to me all of new jersey. Right now I think pull the trigger. >> buy, buy, buy -- >> I say you won't regret it. HONEYWELL is a winner. Like to end the lightning round on a positive note and it's h-o-n and the lightning round is what's on the minds let's ask. …” …more details…
8:57:49 AM HON $30.30 Honeywell International, Inc.
Squawk Box
6 days ago (04/28)
“…>>> parting shots from our guests. Larry is a man who knows how to operate a business. The former head of HONEYWELL and top executive of general electric and other companies. You look at today's environment and what's it like to operate in a time like this? >> first of all, you have to …” …more details…
8:00:00 AM HON $30.30 Honeywell International, Inc.
Squawk Box
6 days ago (04/28)
“…>>> welcome back to "squawk box" here on cnbc, first in business i'm joe kernen along with becky quick and carl quintanilla. Our guest host this morning, larry bossidy, former HONEYWELL and also a cnbc contributor. And he'll be with us for the next hour or so. We'll get to him if a minute. >> we have plenty to talk about with larry today. …” …more details…
7:33:02 AM HON $30.30 Honeywell International, Inc.
Squawk Box
6 days ago (04/28)
“…Brackets the $1.93 first call. The pfizer full year '09, the first call is at the high end of both companies beating expectations. Larry, you ran HONEYWELL. You ran it when it was allied signal too, didn't snu >> I did. >> if this had happened and you were the ceo, what would you have told employees to do about the swine flu? …” …more details…
7:04:09 AM HON $30.30 Honeywell International, Inc.
Squawk Box
6 days ago (04/28)
“…We'll talk more about that and the united auto workers. More gm news down the road as >> in studio for the next two hours, guest host larry bossidy, former HONEYWELL chairman and he has also served on the boards of jp morgan and merck. He's now a cnbc contributor. Larry, welcome. It's great to see you. What do you want to talk about? Stress tests we had. …” …more details…
3:22:10 PM HON $30.49 Honeywell International, Inc.
7 days ago (04/27)
“…Estimate because the bank's relatively low cash position may force it to adjust its balance sheet and could slow loan citigroup lowering rating on HONEYWELL from hold to buy. Cut the price target to 34 bucks a share, down from 41. Diversifyied manufacturer is lowering their full year profit guidance. 40 minutes to go before the …” …more details…
6:04:43 PM HON $31.25 Honeywell International, Inc.
Mad Money
10 days ago (04/24)
“…Or two years ago and they're thinking, wow, wow, this is it, we're able to get fortune brands or HONEYWELL with accidentally high yields if they can pay. The mutual funds are thinking we're buying companies that are much leaner and better run, where gross margins can explode. …” …more details…
5:14:06 PM HON $31.24 Honeywell International, Inc.
Fast Money
10 days ago (04/24)
“…The down side risks, though, we're emerging from the sounds pretty hopeful, timmy -- >> all the earnings we got this week gave us a very mixed response. HONEYWELL and 3m. They didn't tell you we're they told us the second quarter's going to be different. Everything we've heard from the fed and mr. Geithner all week is banks are in better shape. It's been a lot of what we expected we would hear, and I …” …more details…
3:55:49 PM HON $31.41 Honeywell International, Inc.
10 days ago (04/24)
“…Cases but not all cases, less worse than expected as I like to say. Clearly as many hits as there are misses. We have cat, 3-m, HONEYWELL. The guidance, nothing really there definitely has been early and aggressive cost cutting on the job front, bringing down the head count whenever possible, …” …more details…
3:03:11 PM HON $31.34 Honeywell International, Inc.
10 days ago (04/24)
“…Industrial stocks the market started to move higher as well. 3-m a good example of that. Considering economic bell whether. HONEYWELL, xerox, higher. Our team is covering the markets at the new york stock exchange. Where i'm at. Margaret brennan up at the >> scott, we are charging ahead when it comes to tech. We're in positive territory here …” …more details…
1:15:16 PM HON $31.00 Honeywell International, Inc.
10 days ago (04/24)
“…3-m, maker of post-it and scotch tape, earnings drop 48% because of slumping sales. The stock is up $2 a share. N things at HONEYWELL not going quite so well. The industrial manufacturer, 38% drop I in profits. That stock is down 4%. Big banks. They're gonna find out the results of the stress tests …” …more details…
12:02:41 PM HON $31.33 Honeywell International, Inc.
10 days ago (04/24)
“…Can see the quarterly numbers coming in, amazon, american express, watching like 3-m, HONEYWELL, xerox. But xerox gave a weak forecast. Some of the things we're looking at, the stresses they may or may …” …more details…
11:05:01 AM HON $30.77 Honeywell International, Inc.
10 days ago (04/24)
“…Before 2010. Despite the fact you got good news from 3 m, HONEYWELL and other stocks, 3 m is contributing nicely to the gain in the dow jones there economic bellwether, clearly this company is considered because of its broad lineup of products. What it has to say is listen to …” …more details…
9:32:56 AM HON $31.83 Honeywell International, Inc.
10 days ago (04/24)
“…That information on the fly we did get outlook for 334rks,m, xerox and HONEYWELL. Hey they've had a little bit of an impact on the futures. Take a look at 3m, another economic bellwether. Opened up flat this morning. They have a broad array of they are considered an economic they put can earnings forecast HONEYWELL cut the forecast still well within the range of analysts, stock was up 1% or so. Xerox, they gave a weak outlook. I want to mention conway, trucking company, another good …” …more details…
9:11:25 AM HON $32.31 Honeywell International, Inc.
10 days ago (04/24)
“…Just a bit, not only on inside that durables report but 3m set to open lower this morning. 48% drop in profits. They took down their full year earnings profit. HONEYWELL HONEYWELL, xerox, similar there. Let's send it back to the nasdaq. Rebecca, microsoft continues to perform well on the back of that >> does, scott. In fact, we do see technology stock pointing to a higher open. Fractionally speaking. …” …more details…
9:00:37 AM HON $32.50 Honeywell International, Inc.
10 days ago (04/24)
“…Inventories down 1.1%, perhaps trying to get inventory more in line with sales and usually the extransport numbers drop. And HONEYWELL, first quarter profit coming in line with expectations. Sales beating s s slightly there. The shares little changed. …” …more details…
8:27:27 AM HON $32.74 Honeywell International, Inc.
Squawk Box
10 days ago (04/24)
“…>>> take a look at the futures quickly, up 22 points above fair this comes as we've heard about ford beating expectation, 3m missing slightly. HONEYWELL in line. Don't forget we've got the durable goods report next. We'll find out if consumers are still saying no to those big and a former vice chairman of …” …more details…
8:03:23 AM HON $32.74 Honeywell International, Inc.
Squawk Box
10 days ago (04/24)
“…Co-star -- of nbc's "celebrity pren we're counting down to the opening bell. Durable goods report in less than a half hour. Futures are responding to ford, HONEYWELL, 3m, and whatever else is happening. It was a weird day yesterday. Sold off. Yesterday got back to down, melted up. …” …more details…
7:57:45 AM HON $32.74 Honeywell International, Inc.
Squawk Box
10 days ago (04/24)
“…3m at 81 cents, 5 cents below the full year guidance is okay. Below where it was but above expectation. And HONEYWELL reported results that were in line with expectations, and revenue was in line as well. >> more news to come this durable goods at 8:30. …” …more details…
7:33:19 AM HON $32.74 Honeywell International, Inc.
Squawk Box
10 days ago (04/24)
“…Roll, roll, there they are. A little weaker, up 20. It was up 35. We've lost 15 points from the dow futures since we heard from >> ford was a beat, HONEYWELL in line, and 3m misses. Any comments or questions this morning, we invite you to drop us an e-mail. When we come back -- …” …more details…
7:29:59 AM HON $32.74 Honeywell International, Inc.
Squawk Box
10 days ago (04/24)
“…Looking better than when we started off. Right now we're talking about the dow futures up 30 points above fair value. We've heard plenty of earnings already, ford and HONEYWELL out ford reporting a first quarter loss of 75 cents per share when you strip out certain items. Revenue came in above expectations, and phil below says ford's cash situation is …” …more details…
7:22:26 AM HON $32.74 Honeywell International, Inc.
10 days ago (04/24)
“…That you are seeing. Et$8 amazon shares are rocking and rolling this morning. Some other numbers I want to keep you posted on that just crossed afterer the 7:00 a.M. HONEYWELL, this is a big diversified industrial giant reported first quarter sales of 7.6 billion dollars. Earnings per share of 54 billion that generally came in line with here's a look at how this …” …more details…
7:20:54 AM HON $32.74 Honeywell International, Inc.
10 days ago (04/24)
“…>>> all right, now for some more tech bites, let's go over to shibani with some more details. Good morning. Shibani: HONEYWELL itt and xerox all out with earnings after amazon.Com reported numbers yesterday. First quarter sales jumped more than 18% to 4.9 billion dollars and despite microsoft's reporting that net income …” …more details…
7:12:09 AM HON $32.74 Honeywell International, Inc.
Squawk Box
10 days ago (04/24)
“…@ hba33 >>> welcome back to "squawk box," everybody. We just heard from ford, also heard from HONEYWELL. Both those companies doing better than the street was expecting. We still have 3m on the docket. Futures have turned around. They came in close to fair …” …more details…
7:07:54 AM HON $32.74 Honeywell International, Inc.
Squawk Box
10 days ago (04/24)
“…>> that bid/ask still looking pretty good, 33 to 36.99. We'll see where that shakes out over the rest of the morning. Ford looks better. HONEYWELL looks better. That's a good start this we're still waiting on 3m. It's been a heck of an earnings we seem to have made it through so far, so good. We'll have more on this coming …” …more details…
7:03:59 AM HON $32.74 Honeywell International, Inc.
Squawk Box
10 days ago (04/24)
“…In the third and fourth quarter when they were starting to bring that's where you see the you haven't quite seen that from the other automakers. >> on HONEYWELL, earnings of 54 cents a share. That was in line with expectations. For the full year, the expect expects to earn $2.85 to $3.20. Street was in the middle of that …” …more details…
7:01:56 AM HON $32.74 Honeywell International, Inc.
10 days ago (04/24)
“…Both of those figures not as bad and or better than expected. Ford in premarket trading is trading to the upside of that 4.49 close. Its last quote is 4.67 on the quick look at HONEYWELL which is also breaking at this hour. It's come in right in line alexis with expectations at 54 cents per share. That will be another big stock to watch in today's trading. …” …more details…
5:45:45 PM HON $32.70 Honeywell International, Inc.
Fast Money
11 days ago (04/23)
“…>> jim goldman, he is continuing to twitter that call. Twitter.Com/fastmoney. Your answers to tomorrow's big market questions. Those answers right now, though and HONEYWELL reporting after the bell following good reports from boeing and utx. Guy, what do you do? >> we've been on the stock all week and they rea firmed the stock on february 23rd. …” …more details…
4:59:03 PM HON $32.39 Honeywell International, Inc.
11 days ago (04/23)
“…Tomorrow. >> i'm matt nesto we'll watch for another busy day at earnings we have results from 3m, HONEYWELL, itt, schlumberger, xerox and floor. >>> tune in tomorrow at 8:30 eastern for march durable goods. Last month, february, was strong and many are looking for it to …” …more details…
6:07:37 PM HON $31.69 Honeywell International, Inc.
Mad Money
12 days ago (04/22)
“…Who says i'm an indiscreet isn't the conversation off the record just between us? Forget about ge. How about caterpillar, ingersol-rand, HONEYWELL. Then there's wells far goerks another big mover. Here's a bank that preannounced good earnings not once but twice usually when a company does that its earnings ultimately …” …more details…
5:16:18 PM HON $31.69 Honeywell International, Inc.
Fast Money
12 days ago (04/22)
“…But it all comes back thoinwello at one point it was up 6%. We talked about that yesterday. Into earnings you still play stay in HONEYWELL into earnings get out half of your position before earnings on friday, then you see what happens. It will give you flexibility to buy more on a dip or get out the rest if it rallies. But HONEYWELL to me is the best industrial stock nobody talks about. >> i'll take boeing. They were successful today because they'd already giended us down on production on the I think the fact they're reaffirming their production numbers for the least of the …” …more details…
2:33:27 PM HON $32.18 Honeywell International, Inc.
12 days ago (04/22)
“…Almost a 2% gain on the up 31. The s&p is up 11. So very nice turn-around of the market. >> liz: general electric is up nearly 5%. We have HONEYWELL higher by you are seeing action here. Get to nicole petallides. She is going from post to post find out what is …” …more details…
5:13:54 PM HON $30.51 Honeywell International, Inc.
Fast Money
13 days ago (04/21)
“…Disbanding quietly, i'm not sure what cat could have said to make the stock go lower. >> they had decent numbers. So what are you looking for now? Those trades are probably over look at HONEYWELL, this friday they report I believe in the take a look at these guys. They are general electric without basically the finance arm of things and they trade at a better valuation, frankly, I like HONEYWELL at eight times trading and forward earnings. You've got to look at them into you see a rally into earnings. They have four main businesses two of which are lousy. Automotive and residential they've been able to shrug that off to a large extent. I think they'd continue to do i'd rather buy HONEYWELL now. >> other group hanging tough, technology led by ibm's post-earnings rebound. We should also remember we got the very good results from texas instruments because we did see ibm stock roll over in the after-hours session. …” …more details…
6:53:30 PM HON $31.49 Honeywell International, Inc.
Mad Money
18 days ago (04/16)
“…The airlines have an incredibly predictable airline schedule. When you see boeing is getting cyclical, buy the suppliers. The bae aerospace and the precision cast parts and the HONEYWELL which makes the cockpit, real simple, isn't it? People don't see it. As soon as the analysts start loving the stocks, you get out. When semi-conductors do well, they like to raise money to buy equipment, so when you see them …” …more details…
10:19:19 AM HON $29.70 Honeywell International, Inc.
28 days ago (04/06)
“…Schmidt. Mr. Bethune, let's start with you were ceo of a publicly traded company, continental airlines, you are on the board of sprint, HONEYWELL and you are on the cost committee at sprint. In the thick of this. Do you think that ceos are being …” …more details…
6:53:41 PM HON $28.31 Honeywell International, Inc.
Mad Money
4/1/2009 6:53 PM
“…Difficult balance sheet. We should actually go to dave on that rather than the -- backwards. Rather than the opine on the goodwill situation. Anyway, we do have HONEYWELL and think the stock is a complete and utter. Back after the break. …” …more details…
4:02:53 PM HON $30.42 Honeywell International, Inc.
3/26/2009 4:02 PM
“…Commodities and commodity stocks here. Particularly the railroads industrials also had a very good stocks we haven't seen more 4%, 5%, 6% in a while. Lockheed, HONEYWELL, nice moves up here on very good those are the kind of stocks you really like to see here. How about materials? We've been telling you about the nice moves up recently in some of the big commodity names. …” …more details…
6:54:03 PM HON $29.23 Honeywell International, Inc.
Mad Money
3/24/2009 6:54 PM
“…I have to disagree with the technicals on this one. Ben sr.'s chart says you should buy HONEYWELL and sell 3-m. I like 3-m better. "mad money" is back after the break. …” …more details…
6:53:33 PM HON $29.35 Honeywell International, Inc.
Mad Money
3/24/2009 6:53 PM
“…What's my deciding factor? Overseas exposure. 3-m has 63% of its sales from outside of the u.S. HONEYWELL is only 49% international. 3-m is going to be a big beneficiary, look at the financial times today. Plus the move has already …” …more details…
6:52:37 PM HON $29.40 Honeywell International, Inc.
Mad Money
3/24/2009 6:52 PM
“…Neighbor dave cody. David, sorry about the screaming rendition of buffalo soldier on late saturday night, the kids had just discovered bob marley. Anyway, both HONEYWELL and 3-m are diversified industrial conglomerates that I am buying right now. HONEYWELL is a lean, mean earning machine. How much of each dollar's sales goes to the bottom line. Dividend back in december. …” …more details…
View All Honeywell International, Inc. News

Key Fundamentals

HON - Honeywell International, Incorporated Fundamentals
Price (5/4 4:02PM) $31.52
Volume (5/4 4:02PM) 11.2 Million
Last Close Price $31.63
10 Day Average Volume 8.6 Million
13 Week Price Range $23.06 - $33.70
52 Week Price Range $23.06 - $59.52
LTM Revenue $36.6 Billion
 
Shares Outstanding (12/2008) 735.2 Million
Market Capitalization $23.3 Billion
Shares Held By Institutions 597.6 Million
Institutional Holders 1,069
% Shares Held By Institutions 81.20%
Earnings Per Share (EPS) $3.76
P/E Ratio 8.40
Book Value Per Share $9.78
 
Gross Margin 25.90%
Annual Dividend 1.21
Dividend Yield 3.80%
Beta 1.31
Fiscal Year Ends December
NASDAQ 1763.56

44.36  2.58%
S&P; 500 907.24

29.72  3.39%
^DIA 84.2406

2.08  2.53%