About Honeywell International Inc. - Common Stock Company overview from Wikipedia

Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation headquartered in Charlotte, North Carolina. It primarily operates in three areas of business: building automation, industrial automation, and energy and sustainability solutions (ESS). Honeywell also operates Sandia National Laboratories under contract with the U.S. Department of Energy. Honeywell is a Fortune 500 company, ranked 115th in 2023. In 2025, the corporation had a global workforce of approximately 101,000 employees. As of 2025, its chairman and chief executive officer was Vimal Kapur.

History

The Butz Thermo-Electric Regulator Company was founded in 1885 when the Swiss-born Albert Butz invented the damper-flapper, a thermostat used to control coal furnaces, bringing automated heating system regulation into homes. In 1888, after a falling out with his investors, Butz left the company and transferred the patents to the legal firm Paul, Sanford, and Merwin, who renamed the company the Consolidated Temperature Controlling Company.

As the years passed, CTCC struggled with debt and the company underwent several name changes. After it was renamed the Electric Heat Regulator Company in 1893, W. R. Sweatt, a stockholder in the company, was sold "an extensive list of patents" and named secretary-treasurer. By 1900, Sweatt had bought out the remaining shares of the company from the other stockholders.

1906 Honeywell Heating Specialty Company founded

In 1906, Mark Honeywell founded the Honeywell Heating Specialty Company in Wabash, Indiana, to manufacture and market his invention, the mercury seal generator.

1922–1934 Mergers and acquisitions

As Honeywell's company grew, thanks in part to the acquisition of Jewell Manufacturing Company in 1922 to better automate his heating system, it began to clash with the Electric Heat Regulator Company now-renamed Minneapolis Heat Regulator Company. In 1927, this led to the merging of both companies into the publicly held Minneapolis-Honeywell Regulator Company. Honeywell was named the company's first president, alongside W.R. Sweatt as its first chairman.

In 1929, combined assets were valued at over $3.5 million, with less than $1 million in liabilities just months before Black Monday. In 1931, Minneapolis-Honeywell began a period of expansion and acquisition when it purchased the Time-O-Stat Controls Company, giving the company access to a greater number of patents for its controls systems.

W.R. Sweatt and his son Harold provided 75 years of uninterrupted leadership for the company. W.R. Sweatt faced hardship and turned an innovative idea – thermostatic heating control – into a successful business.

1934–1941 International growth

Harold took over in 1934, leading Honeywell through a period of growth and global expansion that set the stage for Honeywell to become a global technology leader. The merger into the Minneapolis-Honeywell Regulator Company proved to be a saving grace for the corporation.

1934 marked Minneapolis-Honeywell's first foray into the international market, when it acquired the Brown Instrument Company and inherited its relationship with the Yamatake Company of Tokyo, a Japan-based distributor. Later in 1934, Minneapolis-Honeywell started distributorships across Canada, as well as one in the Netherlands, its first European office. This expansion into international markets continued in 1936, with its first distributorship in London, as well as its first foreign assembly facility being established in Canada. By 1937, ten years after the merger, Minneapolis-Honeywell had over 3,000 employees, with $16 million in annual revenue.

World War II

With the outbreak of World War II, Minneapolis-Honeywell was approached by the US military for engineering and manufacturing projects. In 1941, Minneapolis-Honeywell developed a superior tank periscope, camera stabilizers, and the C-1 autopilot.

The C-1 revolutionized precision bombing and was ultimately used on the two B-29 bombers that dropped atomic bombs on Japan in 1945. The success of these projects led Minneapolis-Honeywell to open an Aero division in Chicago on October 5, 1942. This division was responsible for the development of the formation stick to control autopilots, more accurate fuel quantity indicators for aircraft, and the turbo supercharger.

In 1950, Minneapolis-Honeywell's Aero division was contracted for the controls on the first US nuclear submarine, USS Nautilus. In 1951, the company acquired Intervox Company for their sonar, ultrasonic, and telemetry technologies. Honeywell also helped develop and manufacture the RUR-5 ASROC for the US Navy.

1950–1970s

In 1953, in cooperation with the USAF Wright-Air Development Center, Honeywell developed an automated control unit, that could control an aircraft through various stages of a flight, from taxiing to takeoff to the point where the aircraft neared its destination and the pilot took over for landing. Called the Automatic Master Sequence Selector, the onboard control operated similarly to a player piano to relay instructions to the aircraft's autopilot at certain way points during the flight, significantly reducing the pilot's workload. Technologically, this effort had parallels to contemporary efforts in missile guidance and numerical control. Honeywell also developed the Wagtail missile with the USAF.

From the 1950s until the mid-1970s, Honeywell was the United States' importer of Japanese company Asahi Optical's Pentax cameras and photographic equipment. These products were labeled "Heiland Pentax" and "Honeywell Pentax" in the U.S. In 1953, Honeywell introduced its most famous product, the T-86 Round thermostat.

In 1961, James H. Binger became Honeywell's president and in 1965 its chairman. Binger revamped the company sales approach, placing emphasis on profits rather than on volume. He stepped up the company's international expansion – it had six plants producing 12% of the company's revenue. He officially changed the company's corporate name from "Minneapolis-Honeywell Regulator Co." to "Honeywell", to better represent their colloquial name. Throughout the 1960s, Honeywell continued to acquire other businesses, including Security Burglar Alarm Company in 1969.

In the 1970s, after one member of a group called FREE on the Minneapolis campus (U of M) of the University of Minnesota asked five major companies with local offices to explain their attitudes toward gay men and women, three responded quickly, insisting that they did not discriminate against gay people in their hiring policies. Only Honeywell objected to hiring gay people. Later in the 1970s, when faced with a denial of access to students, Honeywell "quietly [reversed] its hiring policy".

The beginning of the 1970s saw Honeywell focus on process controls, with Honeywell merging its computer operations with GE's information systems in 1970, and later acquiring GE's process control business. With the acquisition, Honeywell took over responsibility for GE's ongoing Multics operating system project. The design and features of Multics greatly influenced the Unix operating system. Multics influenced many of the features of Honeywell/GE's GECOS and GCOS8 General Comprehensive Operating System operating systems. Honeywell, Groupe Bull, and Control Data Corporation formed a joint venture in Magnetic Peripherals Inc. which became a major player in the hard disk drive market.

Honeywell was the worldwide leader in 14-inch disk drive technology in the OEM marketplace in the 1970s and early 1980s, especially with its SMD (Storage Module Drive) and CMD (Cartridge Module Drive). In the second half of the 1970s, Honeywell started to look to international markets again, acquiring the French Compagnie Internationale pour l’Informatique in 1976. In 1984, Honeywell formed Honeywell High Tech Trading to lease their foreign marketing and distribution to other companies abroad, in order to establish a better position in those markets. Under Binger's stewardship from 1961 to 1978 he expanded the company into such fields as defense, aerospace, and computing.

During and after the Vietnam Era, Honeywell's defense division produced a number of products, including cluster bombs, missile guidance systems, napalm, and land mines. Minnesota-Honeywell Corporation completed flight tests on an inertia guidance sub-system for the X-20 project at Eglin Air Force Base, Florida, utilizing an NF-101B Voodoo by August 1963. The X-20 project was canceled in December 1963. The Honeywell Project, founded in 1968, organized protests against the company to persuade it to abandon weapons production

In 1980, Honeywell bought Incoterm Corporation to compete in both the airline reservations system networks and bank teller markets.

Honeywell Information Systems

In April 1955, Minneapolis-Honeywell started a joint venture with Raytheon called Datamatic to enter the computer market and compete with IBM. In 1957, its first computer, the DATAmatic 1000, was sold and installed. By the release of the DATAmatic 1000, however, Minneapolis-Honeywell bought Raytheon's interest in Datamatic and turned it into the Electronic Data Processing division, later Honeywell Information Systems (HIS) of Minneapolis-Honeywell.

Honeywell purchased minicomputer pioneer Computer Control Corporation (3C's) in 1966, renaming it as Honeywell's Computer Control Division. Through most of the 1960s, Honeywell was one of the "Snow White and the Seven Dwarfs" of computing. IBM was "Snow White", while the dwarfs were the seven significantly smaller computer companies: Burroughs, Control Data Corporation, General Electric, Honeywell, NCR, RCA, and UNIVAC. Later, when their number had been reduced to five, they were known as "The BUNCH", after their initials: Burroughs, UNIVAC, NCR, Control Data Corporation, and Honeywell.

In 1970, Honeywell acquired GE's computer business, rebadging General Electric's 600-series mainframes to Honeywell 6000 series computers, supporting GCOS, Multics, and CP-6, while forming Honeywell Information Systems. In 1973, it shipped a high speed non-impact printer called the Honeywell Page Printing System.

From 1974 to 1987, under the leadership of CEO Edson W. Spencer, the company began a shift away from computers and focused instead on aeronautics and industrial technology.

In 1975, it purchased Xerox Data Systems, whose Sigma computers had a small but loyal customer base. Some of Honeywell's systems were minicomputers, such as their Series 60 Model 6 and Model 62 and their Honeywell 200. The latter was an attempt to penetrate the IBM 1401 market. In 1987, HIS merged with Groupe Bull, a global joint venture with Compagnie des Machines Bull of France and NEC Corporation of Japan to become Honeywell Bull. In 1988 Honeywell Bull was consolidated into Groupe Bull and in 1989 renamed to Bull, a Worldwide Information Systems Company. By 1991, Honeywell was no longer involved in the computer business.

1985–1999 integrations

Aerospace and defense

1986 marked a new direction for Honeywell, beginning with the acquisition of the Sperry Aerospace Group from the Unisys Corporation. In 1990, Honeywell spun off its Defense and Marine Systems business into Alliant Techsystems, as well as their Test Instruments division and Signal Analysis Center to streamline the company's focus. Honeywell continues to supply aerospace products including electronic guidance systems, cockpit instrumentation, lighting, and primary propulsion and secondary power turbine engines. In 1996, Honeywell acquired Duracraft and began marketing its products in the home comfort sector.

Honeywell is in the consortium that runs the Pantex Plant that assembles all of the nuclear bombs in the United States arsenal. Honeywell Federal Manufacturing & Technologies, successor to the defense products of AlliedSignal, operates the Kansas City Plant which produces and assembles 85 percent of the non-nuclear components of the bombs.

Home and building controls

Honeywell began the SmartHouse project, to combine heating, cooling, security, lighting, and appliances into one easily controlled system. They continued the trend in 1987 by releasing new security systems, and fire and radon detectors. In 1992, in another streamlining effort, Honeywell combined its Residential Controls, Commercial Systems, and Protections Services divisions into Home and Building Control, which then acquired the Enviracare air cleaner business. By 1995, Honeywell had condensed into three divisions: Space and Aviation Control, Home and Building Control, and Industrial Control.

Industrial control

Honeywell dissolved its partnership with Yamatake Company and consolidated its Process Control Products Division, Process Management System Division, and Micro Switch Division into one Industrial Control Group in 1998. It has further acquired Measurex System and Leeds & Northrup to strengthen its portfolio in 1997.

1999–2002 merger, takeovers

AlliedSignal and Pittway

On June 7, 1999, Honeywell was acquired by AlliedSignal, who elected to retain the Honeywell name for its brand recognition. The former Honeywell moved their headquarters of 114 years to AlliedSignal's in Morristown, New Jersey. While "technically, the deal looks more like an acquisition than a merger...from a strategic standpoint, it is a merger of equals." AlliedSignal's 1998 revenue was reported at $15.1 billion to Honeywell's $8.4 billion, but together the companies share huge business interests in aerospace, chemical products, automotive parts, and building controls.

The corporate headquarters were consolidated to AlliedSignal's headquarters in Morristown, New Jersey, rather than Honeywell's former headquarters in Minneapolis, Minnesota. When Honeywell closed its corporate headquarters in Minneapolis, over one thousand employees lost their jobs. A few moved to Morristown or other company locations, but the majority were forced to find new jobs or retire. Soon after the merger, the company's stock fell significantly, and did not return to its pre-merger level until 2007.

In 2000, the new Honeywell acquired Pittway for $2.2 billion to gain a greater share of the fire-protection and security systems market, and merged it into their Home and Building Control division, taking on Pittway's $167 million in debt. Analyst David Jarrett commented that "while Honeywell offered a hefty premium, it's still getting Pittway for a bargain" at $45.50 per share, despite closing at $29 the week before. Pittway's Ademco products complemented Honeywell's existing unified controls systems.

General Electric Company

In October 2000, Honeywell, then valued at over $21 billion, accepted a takeover bid from then-CEO Jack Welch of General Electric. The American Department of Justice cleared the merger, while "GE teams swooped down on Honeywell" and "GE executives took over budget planning and employee reviews." However, on July 3, 2001, the European Commission's competition commissioner, Mario Monti, blocked the move. This decision was taken on the grounds that with GE's dominance of the large jet engine market, led by the General Electric CF34 turbofan engine, its leasing services (GECAS), and Honeywell's portfolio of regional jet engines and avionics, the new company would be able to "bundle" products and stifle competition through the creation of a horizontal monopoly.

US regulators disagreed, finding that the merger would improve competition and reduce prices; United States Assistant Attorney General Charles James called the EU's decision "antithetical to the goals of antitrust law enforcement." This led to a drop in morale and general tumult throughout Honeywell. The then-CEO Michael Bonsignore was fired as Honeywell looked to turn its business around.

2002–2014 acquisitions and further expansion

In January 2002, Knorr-Bremse —who had been operating in a joint venture with Honeywell International Inc. —assumed full ownership of its ventures in Europe, Brazil, and the USA. Bendix Commercial Vehicle Systems became a subsidiary of Knorr-Bremse AG.

In February 2002, Honeywell's board appointed its next CEO and chairman, David M. Cote. Since 2002, Honeywell has made more than 80 acquisitions and 60 divestitures, and increasing its labor force to 131,000 as a result of these acquisitions. Honeywell's stock nearly tripled from $35.23 in April 2002 to $99.39 in January 2015.

Honeywell made a £1.2bn ($2.3bn) bid for Novar plc in December 2004. The acquisition was finalized in March 2005. In October 2005, Honeywell bought out Dow's 50% stake in UOP for $825 million, giving them complete control over the joint venture in petrochemical and refining technology. In May 2010, Honeywell outbid UK-based Cinven and acquired the French company Sperian Protection for $1.4 billion, which was then incorporated into its automation and controls safety unit.

2015–present

In 2015, the headquarters were moved to Morris Plains, New Jersey. The headquarters in Morris Plains included a 475,000-square-foot building on 40 acres.

In December 2015, Honeywell acquired Elster for US$5.1B, entering the space of gas, electricity, and water meters with a specific focus on smart meters. Honeywell International Inc. then acquired the 30% stake in UOP Russell LLC it didn't own already for roughly $240 million in January 2016.

In April 2016, Honeywell acquired Xtralis, a provider of aspirating smoke detection, perimeter security technologies, and video analytics software, for $480 million, from funds advised by Pacific Equity Partners and Blum Capital Partners. In May 2016, Honeywell International Inc. settled its patent dispute regarding Google subsidiary Nest Labs, whose thermostats Honeywell claimed infringed on several of its patents. Google parent Alphabet Inc. and Honeywell said it reached a "patent cross-license" agreement that "fully resolves" the long-standing dispute. Honeywell sued Nest Labs in 2012. In 2017, Honeywell opened a new software center in Atlanta, Georgia.

David Cote stepped down as CEO on April 1, 2017, and was succeeded by Darius Adamczyk, who had been promoted to president and chief operating officer (COO) in 2016. Cote served as executive chairman until April 2018. In October 2017, Honeywell announced plans to spin off its Homes, ADI Global Distribution, and Transportation Systems businesses into two separate, publicly traded companies by the end of 2018.

In 2018, Honeywell spun off both Honeywell Turbo Technologies, now Garrett Advancing Motion, and its consumer products business, Resideo. Both companies are publicly traded on the New York Stock Exchange. For the fiscal year 2019, Honeywell reported net income of US$6.230 billion, with an annual revenue of US$36.709 billion, a decrease of 19.11% over the previous fiscal cycle. Honeywell's market capitalization was valued at over US$113.25 billion in September 2020.

Honeywell relocated its corporate headquarters in October 2019 to Charlotte, North Carolina. In July 2019, Honeywell moved employees into a temporary headquarters building in Charlotte before their new building was complete.

In 2020, Honeywell Forge launched as an analytics platform software for industrial and commercial applications such as aircraft, building, industrial, worker and cyber-security. In collaboration with Carnegie Mellon University National Robotics Engineering Center, the Honeywell Robotics was created in Pittsburgh to focus on supply chain transformation. The Honeywell robotic unloader grabs packages in tractor-trailers then places them on conveyor belts for handlers to sort.

In May 2019, GoDirect Trade launched as an online marketplace for surplus aircraft parts such as engines, electronics, and APU parts. In March 2020, Honeywell announced that its quantum computer is based on trapped ions. Its expected quantum volume is at least 64, which Honeywell's CEO called the world's most powerful quantum computer. In November 2021, Honeywell announced the spinoff of its quantum division into a separate company named "Quantinuum".

In March 2023, Honeywell announced Vimal Kapur as its next CEO, effective June 1, 2023. In December 2023, Honeywell agreed to acquire Carrier Global's security business for approximately $5 billion.

In February 2024, Honeywell filed a lawsuit against Lone Star Aerospace, Inc., alleging that their software products infringe on five patents.

On October 1, 2024, Honeywell partnered with Google to integrate data with generative AI with an aim to streamline autonomous operations for its customers.

On October 8, 2024, it was announced that the company's advanced materials division would be spun-off into a new company.

On February 6, 2025, it was announced that Honeywell would be spun-off into three independent companies after activist investor Elliott Investment Management who is in favor of the split took a major stake in the company. With its aerospace, automation, and previously announced advanced materials segments being split into separate companies.

On May 22, 2025, the company announced it was acquiring Johnson Matthey's Catalyst Technologies arm for £1.8 billion.

COVID-19 pandemic

In response to the COVID-19 pandemic, Honeywell converted some of its manufacturing facilities in Rhode Island, Arizona, Michigan and Germany to produce supplies of personal protective equipment for healthcare workers. In April 2020, Honeywell began production of N95 masks at the company's factories in Smithfield and Phoenix, aiming to produce 20 million masks a month. Honeywell's facilities in Muskegon and Germany were converted to produce hand sanitiser for government agencies.

Several state governments contracted Honeywell to produce N95 particulate-filtering face masks during the pandemic. The North Carolina Task Force for Emergency Repurposing of Manufacturing (TFERM) awarded Honeywell a contract for the monthly delivery of 100,000 N95 masks. In April 2020, Los Angeles Mayor Eric Garcetti announced a deal with Honeywell to produce 24 million N95 masks to distribute to healthcare workers and first responders.

In May 2020, United States President Donald Trump visited the Honeywell Aerospace Technologies facility in Phoenix, where he acknowledged the "incredibly patriotic and hard-working men and women of Honeywell" for making N95 masks and referred to the company's production as a "miraculous achievement".

In April 2021, Will.i.am and Honeywell collaborated on Xupermask, a mask made of silicon and athletic mesh fabric that has LED lights, 3-speed fans and noise-canceling headphones in the mask.

In November 2024, Honeywell announced its intention to sell its personal protective equipment business to Protective Industrial Products for almost $1.33 billion in cash. The sale of this PPE business is expected to close by the first half of 2025.

After the divestment of PPE business, the company is planning to retain its gas detection portfolio.

Business groups

The company operates four business groups – Honeywell Aerospace Technologies, Building Automation, Safety and Productivity Solutions (SPS), and Performance Materials and Technologies (PMT). Business units within the company are as follows:

Honeywell Aerospace Technologies provides avionics, aircraft engines, flight management systems, and service solutions to manufacturers, airlines, airport operations, militaries, and space programs. It comprises Commercial Aviation, Defense & Space, and Business & General Aviation. In January 2014, Honeywell Aerospace Technologies launched its SmartPath Precision Landing System at Malaga-Costa del Sol Airport in Spain, which augments GPS signals to make them suitable for precision approach and landing, before broadcasting the data to approaching aircraft.

In July 2014, Honeywell's Transportation Systems merged with the Aerospace division due to similarities between the businesses. In April 2018, Honeywell announced to develop laser communication products for satellite communication in collaboration with Ball Aerospace and plans future volume production. In June 2018 Honeywell spun off and rebranded its Transportation Systems as Garrett.

Building Automation and Honeywell Safety and Productivity Solutions were created when Automation and Control Solutions was split into two in July 2016. Building Automation comprises Honeywell Building Solutions, Environmental and Energy Solutions, and Honeywell Security and Fire. In December 2017, Honeywell announced that it had acquired SCAME, an Italy-based company, to add new fire and gas safety capabilities to its portfolio. Honeywell Safety and Productivity Solutions comprises Scanning & Mobility, Sensing and Internet of Things, and Industrial safety.

Honeywell Performance Materials and Technologies comprises six business units: Honeywell UOP, Honeywell Process Solutions, Fluorine Products, Electronic Materials, Resins & Chemicals, and Specialty Materials. Products include process technology for oil and gas processing, fuels, films and additives, special chemicals, electronic materials, and renewable transport fuels.

Corporate governance

Honeywell's current chief executive officer is Vimal Kapur. As of June 2023, the members of the board are:

Acquisitions since 2002

Honeywell's acquisitions have consisted largely of businesses aligned with the company's existing technologies. The acquired companies are integrated into one of Honeywell's five business groups (Aerospace Technologies (AT), Building Automation (BA), Safety and Productivity Solutions (SPS), Energy and Sustainability Solutions (ESS), or Performance Materials and Technologies (PMT)) but retain their original brand name.

Environmental issues

The United States Environmental Protection Agency states that no corporation has been linked to a greater number of Superfund toxic waste sites than Honeywell. In 2007, Honeywell ranked 44th in a list of US corporations most responsible for air pollution, releasing more than 4.25 million kg (9.4 million pounds) of toxins per year into the air. In 2001, Honeywell agreed to pay $150,000 in civil penalties and to perform $772,000 worth of reparations for environmental violations involving:

failure to prevent or repair leaks of hazardous organic pollutants into the air

failure to repair or report refrigeration equipment containing chlorofluorocarbons

inadequate reporting of benzene, ammonia, nitrogen oxide, dichlorodifluoromethane, sulfuric acid, sulfur dioxide, and caprolactam emissions

In 2003, a federal judge in Newark, New Jersey, ordered the company to perform an estimated $400 million environmental remediation of chromium waste, citing "a substantial risk of imminent damage to public health and safety and imminent and severe damage to the environment." In 2003, Honeywell paid $3.6 million to avoid a federal trial regarding its responsibility for trichloroethylene contamination in Lisle, Illinois. In 2004, the State of New York announced that it would require Honeywell to complete an estimated $448 million cleanup of more than 74,000 kg (165,000 lbs) of mercury and other toxic waste dumped into Onondaga Lake in Syracuse, New York, from a former Allied Chemical property.

Honeywell established three water treatment plants by November 2014. The chemicals cleanup site removed 7 tons of mercury. In November 2015, Audubon New York gave the Thomas W. Keesee Jr. Conservation Award to Honeywell for its cleanup efforts in “one of the most ambitious environmental reclamation projects in the United States.” By December 2017, Honeywell completed dredging the lake. Later in December, the Department of Justice filed a settlement requiring Honeywell to pay a separate $9.5 million in damages, as well build 20 restoration projects on the shore to help repair the greater area surrounding the lake.

In 2005, the state of New Jersey sued Honeywell, Occidental Petroleum, and PPG to compel cleanup of more than 100 sites contaminated with chromium, a metal linked to lung cancer, ulcers, and dermatitis. In 2008, the state of Arizona made a settlement with Honeywell to pay a $5 million fine and contribute $1 million to a local air-quality cleanup project, after allegations of breaking water-quality and hazardous-waste laws on hundreds of occasions between 1974 and 2004.

In 2006, Honeywell announced that its decision to stop manufacturing mercury switches had resulted in reductions of more than 11,300 kg (24,900 lb) of mercury, 2,800 kg (6,200 lb) of lead, and 1,500 kg (3,300 lb) of chromic acid use. The largest reduction represents 5% of mercury use in the United States. For this, Honeywell received the EPA's 2006 National Partnership for Environmental Priorities (NPEP) Achievement Award, recognizing Honeywell's leadership in reducing mercury use.

Leadership

Presidents and chairmen of the company have been:

President

Mark Charles Honeywell, 1927–1934

Harold Wilson Sweatt, 1934–1952

Paul Barclay Wishart, 1952–1960

James Henry Binger, 1960–1965

Stephen Flaherty Keating, 1965–1974

Edson White Spencer, 1974–1978

James Joseph Renier, 1986–1988

David Larry Moore, 1993–1997

Giannantonio Ferrari, 1997–2000

Robert D. Johnson, 1999–2000

Darius Adamczyk, 2016–2018

Vimal Kapur, 2022–2024

Chairman of the Board

Mark Charles Honeywell, 1934–1954

Harold Wilson Sweatt, 1954–1965

James Henry Binger, 1965–1975

Stephen Flaherty Keating, 1975–1978

Edson White Spencer, 1978–1988

James Joseph Renier, 1988–1993

Michael Robert Bonsignore, 1993–2000

Lawrence Arthur Bossidy, 2000–2002

David M. Cote, 2002–2018

Darius Adamczyk, 2018–2024

Vimal Kapur, 2024–present

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

HON Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$228.77

Market Cap

$145.34B

P/E (TTM)

31.1

EPS (TTM)

$7.36

Revenue (TTM)

$37.44B

Div Yield

2.0%

ROE

29.1%

Debt/Equity

0.4

52W Range

$187 – $452

HON Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $37.44B

2016-12-31 → 2025-12-31

EPS $7.36

2016-12-31 → 2025-12-31

Free Cash Flow $5.42B

2016-12-31 → 2025-12-31

Margins 12.6%

2016-12-31 → 2020-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

HON

Peer Median

P/E (TTM)

31.1

23.2

P/S (TTM)

3.9

1.9

P/B

10.5

8.0

EV / EBITDA

14.5

—

Price / FCF

26.8

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

HON

Peer Median

Operating Margin

21.7%

—

Net Profit Margin

12.6%

11.4%

ROA

6.3%

5.9%

ROE

29.1%

ROIC

33.5%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

HON

Peer Median

Debt / Equity

0.4

—

Current Ratio

1.3

1.4

Quick Ratio

0.9

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

HON

Peer Median

Revenue YoY

7.8%

—

Revenue CAGR 3Y

1.8%

—

Revenue CAGR 5Y

2.8%

—

EPS YoY

-15.5%

—

Net Income YoY

-17.1%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

HON

Peer Median

EPS (Diluted)

$7.36

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

HON

Peer Median

Payout Ratio

62.9%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

2.0%

Payout Ratio

62.9%

5Y Div CAGR

—

Ex-date	Amount
Aug. 14, 2026	$0.7000
May 15, 2026	$1.2480
Feb. 27, 2026	$1.2480
Nov. 14, 2025	$1.2480
Aug. 15, 2025	$1.1170
May 16, 2025	$1.1170
Feb. 28, 2025	$1.1170
Nov. 15, 2024	$1.1170
Aug. 16, 2024	$1.0675
May 16, 2024	$1.0675
Feb. 29, 2024	$1.0675
Nov. 9, 2023	$1.0675
Aug. 10, 2023	$1.0181
May 11, 2023	$1.0181
Feb. 23, 2023	$1.0181
Nov. 9, 2022	$1.0181
Aug. 11, 2022	$0.9687
May 12, 2022	$0.9687
Feb. 24, 2022	$0.9687
Nov. 10, 2021	$0.9687

HON Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 31 analysts

Strong Buy 5 16.1%
Buy 15 48.4%
Hold 11 35.5%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

19 analysts · 2026-08-15

Median $265.00

Now $228.77

Low $186.00

High $298.00

Median target $265.00 +15.8%

Mean target $263.11 +15.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.12%

Period	EPS Actual	EPS Est	Surprise
June 30, 2026	$4.52	$4.86	-0.34%
March 31, 2026	$4.90	$4.69	0.21%
Dec. 31, 2025	$5.18	$5.13	0.05%
Sept. 30, 2025	$5.64	$5.18	0.46%
June 30, 2025	$2.75	$2.68	0.07%
March 31, 2025	$2.51	$2.23	0.28%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
HON	$123.94B	26.5	7.8%	12.6%	29.1%	—
MMM	$84.90B	26.7	1.5%	13.0%	76.1%	—
IEP	—	—	-3.6%	-3.1%	—	—

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16

Annual Income Statement data for HON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$37.44B	$34.72B	$33.01B	$35.47B	$34.39B	$32.64B	$36.71B	$41.80B	$40.53B	$39.30B	$38.58B	$40.31B
Cost of Revenue	$23.61B	$21.36B	$20.64B	$22.35B	$22.06B	$22.17B	$24.34B	$29.05B	$28.14B	$27.68B	$26.75B	$28.96B
Gross Profit	·	·	·	·	·	$10.47B	$12.37B	$12.76B	$12.39B	$12.15B	$11.83B	$11.35B
R&D Expense	$1.81B	$1.45B	$1.38B	$1.48B	$1.33B	$1.33B	$1.56B	$1.81B	$1.83B	$1.86B	$1.86B	$1.89B
SG&A Expense	$5.45B	$5.24B	$4.89B	$5.21B	$4.80B	$4.77B	$5.52B	$6.05B	$6.09B	$5.57B	$5.01B	$5.52B
Operating Income	$8.13B	$7.67B	$7.56B	$8.02B	·	·	·	·	·	·	·	·
Interest Income	$369M	$430M	$321M	$138M	$102M	$107M	$255M	$217M	$151M	$106M	$104M	$102M
Other Non-op	$1.25B	$843M	$830M	$366M	$1.38B	$675M	$1.06B	$1.15B	$963M	$739M	$68M	$305M
Pretax Income	$5.48B	$6.24B	$6.19B	$6.38B	$7.24B	$6.01B	$7.56B	$7.49B	$6.95B	$6.45B	$6.59B	$5.82B
Income Tax	$1.01B	$1.25B	$1.26B	$1.41B	$1.62B	$1.15B	$1.33B	$659M	$5.36B	$1.60B	$1.74B	$1.49B
Net Income	$4.73B	$5.71B	$5.66B	$4.97B	$5.54B	$4.78B	$6.14B	$6.76B	$1.54B	$4.81B	$4.77B	$4.24B
EPS (Basic)	$7.40	$8.76	$8.53	$7.33	$8.01	$6.79	$8.52	$9.10	$2.03	$6.30	$6.11	$5.40
EPS (Diluted)	$7.36	$8.71	$8.47	$7.27	$7.91	$6.72	$8.41	$8.98	$2.00	$6.21	$6.04	$5.33
Shares (Basic)	639,000,000	650,900,000	663,000,000	677,100,000	692,300,000	704,100,000	721,000,000	743,000,000	762,100,000	764,300,000	779,800,000	784,400,000
Shares (Diluted)	642,800,000	655,300,000	668,200,000	683,100,000	700,400,000	711,200,000	730,300,000	753,000,000	772,100,000	775,300,000	789,300,000	795,200,000
EBITDA	$9.52B	$10.03B	·	$1.20B	$1.14B	$1.00B	$1.09B	$1.12B	$1.11B	$1.03B	$883M	$924M

Balance Sheet 29

Annual Balance Sheet data for HON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$12.49B	$9.91B	$7.92B	$9.63B	$10.96B	$14.28B	$9.07B	$9.29B	$7.06B	$7.84B	$5.46B	$6.96B
Short-term Investments	$443M	$386M	$170M	$483M	$564M	$945M	$1.35B	$1.62B	$3.76B	$1.52B	·	·
Receivables	$7.62B	$7.25B	$7.53B	$7.44B	$6.83B	$6.83B	$7.49B	$7.51B	$8.87B	$8.18B	$8.07B	$7.96B
Inventory	$6.16B	$5.88B	$6.18B	$5.54B	$5.14B	$4.49B	$4.42B	$4.33B	$4.61B	$4.37B	$4.42B	$4.41B
Other Current Assets	$1.18B	$1.26B	$1.70B	$1.89B	$1.88B	$1.64B	$1.97B	$1.62B	$1.71B	$1.15B	·	$2.15B
Current Assets	$30.39B	$27.91B	$23.50B	$24.98B	$25.37B	$28.18B	$24.30B	$24.36B	$26.00B	$23.06B	$20.05B	$22.19B
PP&E (Net)	·	·	·	$5.47B	$5.56B	$5.57B	$5.33B	$5.30B	$5.93B	$5.79B	$5.79B	$5.38B
PP&E (Gross)	·	·	·	$14.76B	$14.45B	$14.34B	$13.71B	$13.41B	$15.19B	$14.51B	$14.91B	$14.50B
Accum. Depreciation	·	·	·	$9.29B	$8.89B	$8.77B	$8.39B	$8.11B	$9.26B	$8.71B	$9.12B	$9.12B
Goodwill	$21.08B	$21.02B	$17.24B	$17.50B	$17.76B	$16.06B	$15.56B	$15.55B	$18.28B	$17.71B	$15.89B	$12.79B
Intangibles	$6.74B	$6.62B	$3.23B	$3.22B	$3.61B	$3.56B	$3.73B	$4.14B	$4.50B	$4.63B	$4.58B	$2.21B
Other Non-current Assets	$9.25B	$10.56B	$9.58B	$9.51B	$10.13B	$9.41B	$8.69B	$6.87B	$3.37B	$1.60B	$1.78B	$1.56B
Total Assets	$73.68B	$75.20B	$61.52B	$62.27B	$64.47B	$64.59B	$58.68B	$57.77B	$59.47B	$54.57B	$49.32B	$45.45B
Accounts Payable	$6.32B	$6.11B	$6.85B	$6.33B	$6.48B	$5.75B	$5.73B	$5.61B	$6.58B	$5.69B	$5.58B	$5.37B
Accrued Liabilities	$8.46B	$8.05B	$7.81B	$9.16B	$7.68B	$7.41B	$7.48B	$6.86B	$6.97B	$7.05B	$6.28B	$6.77B
Short-term Debt	$5.89B	$4.27B	$2.08B	$2.72B	$3.54B	$3.60B	$3.52B	$3.59B	$3.96B	$3.37B	$5.94B	$1.70B
Current Liabilities	$23.41B	$21.26B	$18.54B	$19.94B	$19.51B	$19.20B	$18.10B	$18.92B	$18.86B	$16.33B	$18.37B	$14.77B
Capital Leases	$809M	$863M	$897M	$775M	$847M	$641M	$534M	$0	·	·	·	·
Deferred Tax	$1.58B	$1.58B	$2.09B	$2.09B	$2.36B	$2.11B	$1.67B	$1.71B	$2.66B	$486M	$558M	$236M
Other Non-current Liabilities	$6.41B	$5.58B	$6.26B	$6.47B	$7.09B	$6.97B	$6.77B	$6.40B	$5.93B	$4.11B	$4.35B	$4.28B
Long-term Debt	$28.69B	$26.83B	$18.36B	$16.85B	$16.06B	$18.79B	$12.49B	$12.63B	$13.92B	$12.41B	$6.13B	$6.99B
Total Debt	$5.89B	$4.27B	$2.08B	$2.72B	$3.54B	$3.60B	$3.52B	$3.59B	$3.96B	$3.37B	$5.94B	$51M
Common Stock	·	·	·	·	$958M	$958M	$958M	$958M	$958M	$958M	$958M	$958M
Retained Earnings	$50.96B	$50.84B	$47.98B	$45.09B	$42.83B	$39.91B	$37.69B	$33.98B	$27.48B	$28.71B	$26.15B	$23.11B
Treasury Stock	$43.03B	$39.38B	$38.01B	$34.44B	$30.46B	$27.23B	$23.84B	$19.77B	$15.91B	$13.37B	$11.66B	$9.99B
AOCI	$-5.15B	$-3.49B	$-4.13B	$-3.48B	$-2.90B	$-3.38B	$-3.20B	$-3.44B	$-2.23B	$-2.71B	$-2.54B	$-1.46B
Stockholders' Equity	$13.90B	$18.62B	$15.86B	$16.70B	$18.57B	$17.55B	$18.49B	$18.18B	$16.50B	$19.37B	$18.28B	$17.66B
Liabilities + Equity	$73.68B	$75.20B	$61.52B	$62.27B	$64.47B	$64.59B	$58.68B	$57.77B	$59.47B	$54.15B	$49.32B	$45.45B
Shares Outstanding	635,300,000	649,800,000	651,800,000	957,600,000	957,600,000	957,600,000	711,100,000	729,600,000	750,900,000	760,800,000	770,400,000	782,200,000

Cash Flow 16

Annual Cash Flow data for HON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$1.39B	$1.15B	$1.00B	$1.20B	$1.14B	$1.00B	$1.09B	$1.12B	$1.11B	$1.03B	$883M	$924M
Stock-based Comp	$196M	$189M	$197M	$188M	$217M	$168M	$153M	$175M	$176M	$184M	$175M	$187M
Deferred Tax	$18M	$-229M	$189M	$-180M	$178M	$-175M	$179M	$-586M	$2.45B	$78M	$315M	$132M
Amort. of Intangibles	$570M	$411M	$290M	$333M	$465M	$358M	$415M	$395M	$398M	$304M	$211M	$257M
Restructuring	$210M	$221M	$335M	$420M	$331M	$565M	$438M	$530M	$507M	$369M	$216M	$184M
Other Non-cash	$77M	$-903M	·	$-904M	$-1.04B	$433M	$-666M	$-1.04B	$726M	$-601M	$-687M	$-458M
Operating Cash Flow	$6.41B	$6.10B	$5.34B	$5.27B	$6.04B	$6.21B	$6.90B	$6.43B	$5.97B	$5.50B	$5.52B	$5.08B
CapEx	$986M	$871M	$741M	$766M	$895M	$906M	$839M	$828M	$1.03B	$1.09B	$1.07B	$1.09B
Investing Cash Flow	$-2.71B	$-10.16B	$-1.29B	$-93M	$-1.06B	$-987M	$-533M	$1.03B	$-3.57B	$-3.34B	$-6.51B	·
Stock Repurchased	$3.80B	$1.66B	$3.71B	$4.20B	$3.38B	$3.71B	$4.40B	$4.00B	$2.89B	$2.08B	$1.88B	$924M
Net Stock Activity	$-3.80B	$-1.66B	$-3.71B	$-4.20B	$-3.38B	$-3.71B	$-4.40B	$-4.00B	$-2.89B	$-2.08B	$-1.88B	$-924M
Dividends Paid	$2.98B	$2.90B	$2.85B	$2.72B	$2.63B	$2.59B	$2.44B	$2.27B	$2.12B	$1.92B	$1.73B	$1.51B
Financing Cash Flow	$-1.95B	$6.84B	$-5.76B	$-6.33B	$-8.25B	$-81M	$-6.60B	$-5.03B	$-3.52B	$346M	$37M	·
Net Change in Cash	$1.92B	$2.64B	$-1.70B	$-1.33B	$-3.32B	$5.21B	$-220M	$2.23B	$-784M	$2.39B	$-1.50B	$537M
Taxes Paid	$1.80B	$1.69B	$1.58B	$1.32B	$1.20B	$1.17B	$1.56B	$1.57B	$1.75B	$1.14B	$1.19B	$1.14B
Free Cash Flow	$5.42B	$4.93B	$4.30B	$4.51B	$5.14B	$5.30B	$6.06B	$5.61B	$4.93B	$4.40B	$4.38B	$3.93B

Profitability 8

Annual Profitability data for HON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Gross Margin	·	·	·	·	·	32.1%	33.7%	30.5%	32.0%	30.9%	30.7%	28.2%
Operating Margin	21.7%	22.6%	·	·	·	·	·	·	·	·	·	·
Net Margin	12.6%	14.8%	15.4%	14.0%	16.1%	14.6%	16.7%	16.2%	4.1%	12.2%	12.4%	10.5%
Pretax Margin	14.6%	18.7%	19.5%	18.0%	21.0%	18.4%	20.6%	17.9%	17.0%	16.4%	17.1%	14.4%
EBITDA Margin	25.4%	26.1%	·	3.4%	3.3%	3.1%	3.0%	2.7%	2.8%	2.6%	2.3%	2.3%
ROA	6.3%	8.3%	9.1%	7.8%	8.6%	7.8%	10.5%	11.5%	2.9%	9.3%	10.1%	9.3%
ROE	29.1%	33.1%	34.8%	28.2%	30.7%	26.5%	33.5%	39.0%	9.0%	25.5%	26.5%	24.1%
ROIC	33.5%	30.2%	·	·	·	·	·	·	·	·	·	·

Liquidity & Solvency 3

Annual Liquidity & Solvency data for HON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.3	1.3	1.3	1.3	1.3	1.5	1.3	1.3	1.4	1.4	1.1	1.5
Quick Ratio	0.9	0.9	0.8	0.9	0.9	1.1	1.0	1.0	1.0	1.0	0.7	1.0
Debt / Equity	0.4	0.2	0.1	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.3	0.0

Efficiency 3

Annual Efficiency data for HON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover	0.5	0.6	0.6	0.6	0.5	0.5	0.6	0.7	0.7	0.8	0.8	0.9
Inventory Turnover	3.9	3.8	3.9	4.5	4.9	5.0	5.6	6.5	6.1	6.2	6.1	6.7
Receivables Turnover	5.0	5.0	4.9	5.0	5.0	4.6	4.9	5.1	4.8	4.7	4.8	5.1

Per Share 6

Annual Per Share data for HON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$21.89	$28.65	$24.33	$25.01	$27.12	$25.19	$26.01	$24.92	$23.01	$25.46	$23.73	$22.57
Revenue / Share	$58.25	$58.75	$54.87	$51.92	$49.10	$45.89	$50.27	$55.51	$52.50	$50.69	$48.88	$50.69
Cash Flow / Share	$9.97	$9.30	$7.99	$7.72	$8.62	$8.73	$9.44	$8.54	$7.73	$7.09	$6.91	$6.32
Cash / Share	$19.66	$16.26	$12.16	$14.42	$16.00	$20.49	$12.75	$12.73	$9.40	$10.31	$7.08	$8.90
Dividend Paid / Share	$5	$4	$4	$4	$4	$4	$3	$3	$3	$2	$2	$2
EPS (TTM)	$7.36	$8.71	$8.47	$7.27	$7.91	$6.72	$8.41	$8.98	$2.00	$6.21	$6.04	$5.33

Growth Rates 10

Annual Growth Rates data for HON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	7.8%	5.2%	-6.9%	3.1%	5.4%	·	·	·	·	·	·	·
Revenue CAGR 3Y	1.8%	0.31%	0.38%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	2.8%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	-15.5%	2.8%	16.5%	-8.1%	17.7%	·	·	·	·	·	·	·
EPS CAGR 3Y	0.41%	3.3%	8.0%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	1.8%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	-17.1%	0.83%	13.9%	-10.4%	16.0%	·	·	·	·	·	·	·
Net Income CAGR 3Y	-1.6%	0.97%	5.8%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	-0.21%	·	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	2.8%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 16

Annual Valuation (TTM) data for HON
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$37.44B	$34.72B	$33.01B	$35.47B	$34.39B	$32.64B	$36.71B	$41.80B	$40.53B	$39.30B	$38.58B	$40.31B
Net Income TTM	$4.73B	$5.71B	$5.66B	$4.97B	$5.54B	$4.78B	$6.14B	$6.76B	$1.54B	$4.81B	$4.77B	$4.24B
Market Cap	$123.94B	$138.34B	·	·	·	·	·	·	·	·	·	·
Enterprise Value	$116.90B	$131.66B	·	·	·	·	·	·	·	·	·	·
P/E	26.5	24.4	·	·	·	·	·	·	·	·	·	·
P/S	3.3	4.0	·	·	·	·	·	·	·	·	·	·
P/B	8.9	7.4	·	·	·	·	·	·	·	·	·	·
P / Cash Flow	19.3	22.7	·	·	·	·	·	·	·	·	·	·
P / FCF	22.9	28.0	·	·	·	·	·	·	·	·	·	·
EV / EBITDA	12.3	13.1	·	·	·	·	·	·	·	·	·	·
EV / FCF	21.6	26.7	·	·	·	·	·	·	·	·	·	·
EV / Revenue	3.1	3.8	·	·	·	·	·	·	·	·	·	·
Dividend Yield	2.4%	2.1%	·	·	·	·	·	·	·	·	·	·
Earnings Yield	3.8%	4.1%	·	·	·	·	·	·	·	·	·	·
Payout Ratio	62.9%	50.9%	50.5%	54.8%	47.4%	54.2%	39.8%	33.6%	128.0%	39.8%	36.2%	35.6%
Annual Payout	$2.98B	$2.90B	$2.85B	$2.72B	$2.63B	$2.59B	$2.44B	$2.27B	$2.12B	$1.92B	$1.73B	$1.51B

Income Statement 16

Quarterly Income Statement data for HON
Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$9.72B	$9.14B	$9.76B	$9.44B	$9.32B	$8.93B	$9.17B	$8.82B	$8.57B	$8.16B	$5.79B	$9.21B	$9.15B	$8.86B	$9.19B	$8.95B
Cost of Revenue	$6.07B	$5.60B	$4.39B	$6.86B	$5.66B	$5.46B	$3.94B	$5.98B	$5.86B	$5.58B	$3.84B	$5.67B	$5.63B	$5.50B	$5.77B	$5.59B
Gross Profit	·	·	$3.47B	$3.23B	$3.66B	$3.46B	$3.37B	$3.42B	$3.35B	$3.22B	·	·	·	·	·	·
R&D Expense	$524M	$492M	$395M	$497M	$459M	$416M	$344M	$368M	$382M	$360M	$279M	$364M	$375M	$357M	$355M	$387M
SG&A Expense	$1.34B	$1.31B	$1.36B	$1.30B	$1.36B	$1.31B	$1.17B	$1.40B	$1.36B	$1.30B	$1.06B	$1.25B	$1.26B	$1.32B	$1.25B	$1.23B
Operating Income	$2.24B	$2.13B	$1.10B	$2.41B	$2.13B	$2.00B	$1.08B	$2.30B	$2.20B	$2.09B	$1.33B	$2.17B	$2.11B	$1.95B	$2.44B	$1.95B
Interest Income	$79M	$90M	$114M	$86M	$79M	$91M	$105M	$110M	$110M	$105M	$80M	$89M	$76M	$76M	$61M	$37M
Other Non-op	$-472M	$7M	$138M	$822M	$113M	$229M	$103M	$263M	$246M	$231M	$115M	$247M	$208M	$260M	$-480M	$337M
Pretax Income	$7.26B	$886M	$-501M	$2.22B	$1.63B	$1.67B	$575M	$1.82B	$1.97B	$1.87B	$538M	$1.97B	$1.90B	$1.78B	$1.19B	$1.98B
Income Tax	$1.58B	$91M	$-74M	$363M	$244M	$369M	$30M	$409M	$414M	$396M	$33M	$452M	$403M	$374M	$168M	$432M
Net Income	$5.68B	$821M	$-115M	$1.82B	$1.57B	$1.45B	$1.28B	$1.41B	$1.54B	$1.46B	$1.26B	$1.51B	$1.49B	$1.39B	$1.02B	$1.55B
EPS (Basic)	$17.92	$1.29	$-0.18	$2.87	$4.92	$2.24	$1.98	$2.17	$2.37	$2.24	$1.91	$2.29	$2.24	$2.09	$1.51	$2.30
EPS (Diluted)	$17.83	$1.29	$-0.18	$2.86	$4.90	$2.22	$1.96	$2.16	$2.36	$2.23	$1.91	$2.27	$2.22	$2.07	$1.51	$2.28
Shares (Basic)	317,100,000	634,700,000	-1,282,000,000	635,300,000	318,800,000	648,200,000	-1,302,000,000	650,400,000	650,200,000	652,300,000	-1,332,500,000	662,400,000	665,300,000	667,800,000	-1,360,700,000	674,100,000
Shares (Diluted)	318,600,000	638,400,000	-1,288,600,000	638,800,000	320,500,000	651,700,000	-1,309,600,000	654,100,000	654,200,000	656,600,000	-1,342,000,000	667,000,000	670,200,000	673,000,000	-1,372,800,000	679,600,000
EBITDA	·	$2.49B	·	$2.80B	$2.77B	$2.63B	·	$2.30B	$2.20B	$2.02B	·	$2.08B	$2.05B	$1.95B	·	$1.95B

Balance Sheet 27

Quarterly Balance Sheet data for HON
Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$8.75B	$11.98B	$12.49B	$12.93B	$10.35B	$9.66B	$9.91B	$10.64B	$9.58B	$11.76B	·	$7.77B	$8.63B	$6.87B	·	$7.45B
Short-term Investments	$445M	$413M	$443M	$429M	$328M	$402M	$386M	$275M	$231M	$249M	·	$164M	$143M	$371M	·	$516M
Receivables	$8.34B	$8.06B	$7.62B	$8.92B	$8.82B	$8.25B	$7.25B	$7.88B	$7.76B	$7.48B	·	$7.83B	$7.99B	$7.86B	·	$7.36B
Inventory	$6.40B	$6.37B	$6.16B	$7.12B	$7.01B	$6.61B	$5.88B	$6.34B	$6.32B	$6.32B	·	$6.00B	$5.89B	$5.78B	·	$5.50B
Other Current Assets	$1.78B	$1.39B	$1.18B	$1.35B	$1.45B	$1.33B	$1.26B	$1.50B	$1.48B	$1.64B	·	$1.55B	$1.53B	$1.63B	·	$1.70B
Current Assets	$28.08B	$30.59B	$30.39B	$30.75B	$27.97B	$27.64B	$27.91B	$28.16B	$25.37B	$27.43B	·	$23.32B	$24.18B	$22.51B	·	$22.52B
PP&E (Net)	·	·	·	·	·	·	·	·	·	·	·	$5.49B	$5.49B	$5.47B	·	·
Goodwill	$19.97B	$21.08B	$21.08B	$23.72B	$23.80B	$22.02B	$21.02B	$21.27B	$20.82B	$17.98B	$17.24B	$17.79B	$17.95B	$17.59B	$17.50B	$16.97B
Intangibles	$6.41B	$6.56B	$6.74B	$7.15B	$7.36B	$6.54B	$6.62B	$5.75B	$5.21B	$3.14B	·	$3.31B	$3.42B	$3.17B	·	$3.22B
Other Non-current Assets	$9.47B	$9.48B	$9.25B	$10.65B	$11.06B	$10.99B	$10.56B	$10.49B	$10.17B	$9.88B	·	$9.91B	$9.80B	$9.62B	·	$10.75B
Total Assets	$77.34B	$73.99B	$73.68B	$80.92B	$78.42B	$75.22B	$75.20B	$73.49B	$69.33B	$65.64B	·	$61.30B	$62.34B	$59.88B	·	$60.29B
Accounts Payable	$6.39B	$6.03B	$6.32B	$7.31B	$7.11B	$6.73B	$6.11B	$6.64B	$6.47B	$6.47B	·	$6.43B	$6.45B	$6.44B	·	$6.12B
Accrued Liabilities	$7.77B	$7.11B	$8.46B	$8.38B	$8.16B	$7.85B	$8.05B	$7.57B	$7.51B	$6.95B	·	$7.20B	$6.96B	$6.96B	·	$7.24B
Short-term Debt	$2.48B	$4.63B	$5.89B	$6.87B	$6.27B	$5.76B	$4.27B	$3.13B	$4.55B	$1.82B	·	$1.93B	$2.83B	$3.56B	·	$3.43B
Current Liabilities	$23.19B	$22.09B	$23.41B	$22.64B	$21.62B	$22.07B	$21.26B	$19.53B	$21.04B	$16.49B	·	$17.23B	$17.17B	$17.90B	·	$18.11B
Capital Leases	$791M	$833M	$809M	$967M	$928M	$954M	$863M	$941M	$904M	$902M	·	$822M	$799M	$756M	·	$771M
Deferred Tax	$2.69B	$1.58B	$1.58B	$1.90B	$1.89B	$1.75B	$1.58B	$2.08B	$2.14B	$2.06B	·	$2.23B	$2.26B	$2.30B	·	$2.41B
Other Non-current Liabilities	$6.26B	$6.54B	$6.41B	$7.06B	$6.73B	$6.23B	$5.58B	$6.42B	$6.20B	$6.26B	·	$6.15B	$6.14B	$6.20B	·	$7.30B
Long-term Debt	$31.51B	$32.11B	$29.05B	$30.16B	$30.24B	$27.08B	·	$27.69B	$23.38B	$23.44B	·	$18.35B	$18.55B	$15.61B	·	$13.55B
Total Debt	·	$4.63B	·	$6.87B	$6.27B	$5.76B	·	$3.13B	$4.55B	$1.82B	·	$1.93B	$2.83B	$3.56B	·	$3.43B
Common Stock	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$958M
Retained Earnings	$55.96B	$51.03B	$50.96B	$53.50B	$52.40B	$51.55B	$50.84B	$50.29B	$49.58B	$48.73B	·	$47.43B	$46.60B	$45.80B	·	$44.77B
Treasury Stock	$43.89B	$43.90B	$43.03B	$42.98B	$42.90B	$41.20B	$39.38B	$38.99B	$39.01B	$38.54B	·	$36.51B	$35.51B	$35.07B	·	$33.18B
AOCI	$-5.02B	$-4.97B	$-5.15B	$-4.64B	$-4.41B	$-3.79B	$-3.49B	$-4.40B	$-4.08B	$-4.05B	·	$-3.55B	$-3.61B	$-3.54B	·	$-3.30B
Stockholders' Equity	$18.54B	$13.59B	$13.90B	$16.78B	$16.09B	$17.46B	$18.62B	$17.41B	$16.95B	$16.45B	·	$17.23B	$17.30B	$16.92B	·	$17.71B
Liabilities + Equity	$77.34B	$73.99B	$73.68B	$80.92B	$78.42B	$75.22B	$75.20B	$73.49B	$69.33B	$65.64B	·	$61.30B	$62.34B	$59.88B	·	$60.29B
Shares Outstanding	316,900,000	633,700,000	635,300,000	634,900,000	634,900,000	642,700,000	649,800,000	650,200,000	649,700,000	651,200,000	651,800,000	659,300,000	664,000,000	665,700,000	667,600,000	672,300,000

Cash Flow 14

Quarterly Cash Flow data for HON
Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
D&A	$312M	$357M	$213M	$397M	$348M	$325M	$196M	$357M	$309M	$291M	·	·	·	·	·	·
Stock-based Comp	$51M	$57M	$42M	$36M	$57M	$59M	$36M	$45M	$55M	$53M	$49M	$39M	$50M	$59M	$25M	$50M
Amort. of Intangibles	$116M	$153M	$160M	$141M	$132M	$135M	$136M	$120M	$85M	$70M	$74M	$87M	$61M	$68M	·	·
Restructuring	$71M	$50M	$95M	$58M	$21M	$36M	$77M	$56M	$39M	$49M	$79M	$87M	$66M	$103M	$114M	$68M
Other Non-cash	·	$-1.89B	·	·	·	$-1.29B	·	·	·	·	·	·	·	·	·	·
Operating Cash Flow	$1.28B	$-650M	$1.20B	$3.29B	$1.32B	$597M	$2.28B	$2.00B	$1.37B	$448M	$2.96B	$1.81B	$1.36B	$-784M	$2.37B	$2.08B
CapEx	$315M	$223M	$58M	$374M	$303M	$190M	$100M	$279M	$259M	$233M	$66M	$249M	$233M	$193M	$241M	$184M
Investing Cash Flow	$-929M	$-119M	$-343M	$-488M	$-1.51B	$-371M	$-1.96B	$-2.80B	$-5.13B	$-273M	$-539M	$-45M	$-680M	$-29M	$-633M	$126M
Stock Repurchased	$0	$1.00B	$100M	$100M	$1.70B	$1.90B	$455M	$0	$529M	$671M	$1.53B	$1.01B	$477M	$699M	$1.37B	$390M
Net Stock Activity	·	$-1.00B	·	·	·	$-1.90B	·	·	·	$-671M	·	·	·	$-699M	·	·
Dividends Paid	$795M	$781M	$762M	$735M	$747M	$732M	$741M	$715M	$743M	$703M	$711M	$728M	$691M	$725M	$691M	$669M
Financing Cash Flow	$-3.51B	$267M	$-1.31B	$-219M	$759M	$-1.18B	$-219M	$1.76B	$1.60B	$3.70B	$-2.34B	$-2.56B	$1.11B	$-1.97B	$279M	$-2.78B
Net Change in Cash	$-3.23B	$-510M	$-443M	$2.58B	$692M	$-910M	$-77M	$1.07B	$-2.18B	$3.83B	$155M	$-856M	$1.76B	$-2.76B	$2.18B	$-799M
Free Cash Flow	·	$-873M	·	·	·	$346M	·	·	·	$215M	·	·	·	$-977M	·	·

Profitability 7

Quarterly Profitability data for HON
Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Operating Margin	·	23.3%	·	23.1%	22.9%	23.0%	·	23.6%	23.0%	22.2%	·	22.6%	22.4%	22.0%	·	21.8%
Net Margin	·	9.0%	·	17.5%	15.2%	14.8%	·	14.5%	16.1%	16.1%	·	16.4%	16.3%	15.7%	·	17.3%
Pretax Margin	·	9.7%	·	21.3%	18.1%	19.2%	·	18.8%	20.6%	20.5%	·	21.3%	20.8%	20.1%	·	22.1%
EBITDA Margin	·	27.2%	·	26.9%	26.8%	26.8%	·	23.6%	23.0%	22.2%	·	22.6%	22.4%	22.0%	·	21.8%
ROA	·	1.1%	·	2.4%	2.1%	2.1%	·	2.1%	2.4%	2.3%	·	2.5%	2.4%	2.3%	·	2.5%
ROE	·	5.3%	·	10.7%	9.5%	8.5%	·	8.2%	9.0%	8.8%	·	8.7%	8.5%	7.9%	·	8.7%
ROIC	·	10.5%	·	8.5%	8.9%	7.6%	·	8.7%	8.1%	8.7%	·	8.4%	8.0%	7.5%	·	7.2%

Liquidity & Solvency 3

Quarterly Liquidity & Solvency data for HON
Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio	·	1.4	·	1.4	1.3	1.3	·	1.4	1.2	1.7	·	1.4	1.4	1.3	·	1.2
Quick Ratio	·	0.9	·	1.0	0.9	0.8	·	1.0	0.8	1.2	·	0.9	1.0	0.8	·	0.8
Debt / Equity	·	0.3	·	0.4	0.4	0.3	·	0.2	0.3	0.1	·	0.1	0.2	0.2	·	0.2

Efficiency 3

Quarterly Efficiency data for HON
Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover	·	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.2	0.1	0.1	·	0.1
Inventory Turnover	·	0.9	·	1.0	0.9	0.9	·	1.0	1.0	0.9	·	1.0	1.0	1.0	·	1.2
Receivables Turnover	·	1.1	·	1.2	1.2	1.2	·	1.2	1.2	1.2	·	1.2	1.2	1.2	·	1.3

Per Share 6

Quarterly Per Share data for HON
Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	·	$21.45	·	$26.43	$25.35	$27.17	·	$26.77	$26.08	$25.27	·	$26.14	$26.05	$25.42	·	$26.34
Revenue / Share	·	$14.32	·	$16.29	$16.15	$15.07	·	$14.87	$14.64	$13.87	·	$13.81	$13.65	$13.17	·	$13.17
Cash Flow / Share	·	$-1.02	·	·	·	$0.92	·	·	·	$0.68	·	·	·	$-1.16	·	·
Cash / Share	·	$18.90	·	$20.37	$16.30	$15.03	·	$16.37	$14.74	$18.05	·	$11.79	$12.99	$10.32	·	$11.08
Dividend Paid / Share	$2	$1	$1	$1	$2	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1
EPS (TTM)	$21.80	$6.42	·	$9.49	$8.79	$8.70	·	$9.02	$9.08	$8.79	·	$8.84	$8.41	$7.83	·	$7.56

Valuation (TTM) 14

Quarterly Valuation (TTM) data for HON
Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$38.06B	$37.66B	·	$36.85B	$36.23B	$35.48B	·	$34.76B	$35.09B	$35.38B	·	$36.17B	$35.91B	$35.14B	·	$34.75B
Net Income TTM	$8.21B	$4.10B	·	$6.13B	$5.72B	$5.69B	·	$5.93B	$6.01B	$5.86B	·	$5.95B	$5.69B	$5.34B	·	$5.20B
Market Cap	·	$143.24B	·	$125.96B	$139.35B	$128.27B	·	$126.68B	$130.76B	$125.97B	·	·	·	·	·	·
Enterprise Value	·	$135.48B	·	$119.48B	$134.95B	$123.96B	·	$118.89B	$125.50B	$115.79B	·	·	·	·	·	·
P/E	10.3	35.2	·	20.9	25.0	22.9	·	21.6	22.2	22.0	·	·	·	·	·	·
P/S	·	3.8	·	3.4	3.8	3.6	·	3.6	3.7	3.6	·	·	·	·	·	·
P/B	·	10.5	·	7.5	8.7	7.3	·	7.3	7.7	7.7	·	·	·	·	·	·
P / Cash Flow	·	-220.4	·	·	·	214.9	·	·	·	281.2	·	·	·	·	·	·
P / FCF	·	-164.1	·	·	·	370.7	·	·	·	585.9	·	·	·	·	·	·
EV / EBITDA	·	54.5	·	42.6	48.7	47.1	·	51.8	57.1	57.3	·	·	·	·	·	·
EV / FCF	·	-155.2	·	·	·	358.3	·	·	·	538.6	·	·	·	·	·	·
EV / Revenue	·	3.6	·	3.2	3.7	3.5	·	3.4	3.6	3.3	·	·	·	·	·	·
Earnings Yield	9.7%	2.8%	·	4.8%	4.0%	4.4%	·	4.6%	4.5%	4.5%	·	·	·	·	·	·
Payout Ratio	·	95.1%	·	·	·	50.5%	·	·	·	48.0%	·	·	·	52.0%	·	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$37.44B	$34.72B	$33.01B	$35.47B	$34.39B
Operating Margin %	21.7%	22.6%	—	—	—
Net Income	$4.73B	$5.71B	$5.66B	$4.97B	$5.54B
Diluted EPS	$7.36	$8.71	$8.47	$7.27	$7.91

Balance Sheet

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	0.4	0.2	0.1	0.2	0.2
Current Ratio	1.3	1.3	1.3	1.3	1.3
Quick Ratio	0.9	0.9	0.8	0.9	0.9

Cash Flow

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$5.42B	$4.93B	$4.30B	$4.51B	$5.14B

HON AI Analyst Panel — Bullish and Bearish Views 2026Q2 debate: Claude, Grok, Gemini, ChatGPT on the stock's prospects

Round 1 — Opening Takes

Grok NEUTRAL 0.75

↑ Bullish

I see Honeywell as a compelling hold into 2026Q2 because its profitability surge and defense tailwinds deliver reliable cash flow in a volatile world. ROE TTM hit 35.55%, up from 32.86% last quarter. That efficiency crushes most peers and stems from aero margins holding firm at 36.94%. EPS TTM rose to $9.49. For HON, this funds dividends and buybacks without straining liquidity, where current ratio stays comfy at 1.36. The March 25 $500M DoD deal cements multi-year revenue visibility.

↓ Bearish

Honeywell looks vulnerable because its sky-high leverage and fading market enthusiasm could amplify any industrial slowdown. Debt/Equity remains at 220.69. For a cyclical giant like HON, that means interest costs eat into profits if rates linger or recession hits. Market cap slipped to $123.9B from $137.8B in Q3 2025. Investors are pricing in conglomerate bloat ahead of the aero spin-off. Shares dropped 3.8% on March 22 debt payoff news, signaling balance sheet fears.

Claude NEUTRAL 0.62

↑ Bullish

Honeywell is trading at a structural discount to peers despite stronger profitability momentum. The P/E of 20.2 sits below MMM's 24.4, yet HON's net margin expanded to 15.07% and EPS grew year-over-year. The $500M DoD supplier agreement signals durable defense demand that Jim Currier says is not waning. At current multiples, you're paying for a conglomerate with real aerospace tailwinds and improving operational leverage, not a premium growth story.

↓ Bearish

The leverage story is the real problem here. A 220.69 debt-to-equity ratio means Honeywell is financing growth and shareholder returns on borrowed money, which inflates that 35.55% ROE into something less durable than it looks. The stock has already rallied 10% in seven weeks; the recent $7.6B debt paydown signals management sees valuation risk. If rates stay elevated or defense spending disappoints post-election, that leverage becomes a liability, not a feature.

Gemini NEUTRAL 0.70

↑ Bullish

Honeywell’s massive exposure to defense and aerospace creates a durable, high-margin revenue stream that the market is currently undervaluing. The company is generating a 35.55% ROE. This means they are exceptionally efficient at turning shareholder capital into actual profit, which is a rare feat for a diversified industrial player. With a P/E of 20.21, the stock is trading at a discount compared to its historical averages and broader industrial peers. This valuation gap suggests that investors are not yet fully pricing in the stability of their long-term government contracts, like the recent $500 million Department of War agreement.

↓ Bearish

The company’s aggressive reliance on debt creates a fragile balance sheet that limits future flexibility. Their debt-to-equity ratio sits at 220.69. This indicates that Honeywell is significantly leveraged, meaning a large portion of their future cash flow must be diverted to interest payments rather than reinvestment or dividends. Furthermore, the market is rightfully skeptical of their growth trajectory, as evidenced by their declining market capitalization over the last few quarters. If the anticipated aerospace spin-off fails to unlock the efficiency gains management promises, the stock could face a sustained period of underperformance relative to the broader market.

Chatgpt NEUTRAL 0.58

↑ Bullish

I think HON can unlock upside if defense demand stays robust and a potential aerospace spin-off cleanly unlocks value. ROE TTM: 35.6%. That shows the company is turning equity into profits very efficiently, signaling durable returns to shareholders. Net profit margin TTM: 15.1%. This level indicates HON can translate revenue into solid profits, supporting free cash flow even if input costs move. P/E TTM: 20.2x. The multiple is not cheap, but it reflects solid earnings and the potential re-rating if the aerospace spin-off advances and defense demand holds.

↓ Bearish

I think HON faces downside risk if leverage remains high and near-term catalysts stall. Debt/Equity: 220.69. That high leverage makes earnings and capex highly sensitive to rate moves and debt service. Market cap around $124B, down versus the prior quarter. That signals valuation skepticism and potential multiple compression if growth remains uncertain. It’s also facing mixed sentiment in the news cycle—a March 27, 2026 piece labeled HON overvalued—which doesn’t help the near-term setup.

Round 2 — Responses & Rebuttals

Grok

Claude, I disagree that the $7.6B debt paydown signals management sees valuation risk — it's a smart preemptive strike to ease leverage pressure amid steady rates. That move on March 22 shores up the balance sheet without diluting shareholders, especially with ROE climbing to 35.55% on expanding net margins to 15.07%. For HON, this bolsters cash flexibility for the aero spin-off and DoD contracts, turning a bearish flag into a buy signal.

Claude

I think Grok is conflating two different things when he cites that 35.55% ROE as proof of efficiency. Yes, ROE is up from 32.86% last quarter—but that improvement came while debt-to-equity stayed flat at 220.69. That means Honeywell didn't earn its way to higher returns; it squeezed margins tighter while keeping the leverage constant. For a company this levered, margin expansion under stable debt loads is actually a warning flag, not a feature—it signals management is wringing every last basis point out of operations to service that 220-point D/E ratio. The real question is whether those margins stick if defense orders slow or rates spike, not whether current ROE looks impressive on paper.

Gemini

Claude, your point about the debt-to-equity ratio being a liability is spot on, but I think you are underestimating the strategic necessity of that leverage for a firm like Honeywell. Their debt-to-equity ratio of 220.69 reflects a massive, capital-intensive industrial footprint that requires significant borrowing to maintain its competitive edge in aerospace. This high leverage essentially acts as a forced discipline mechanism, compelling management to prioritize the high-margin, defense-linked projects that keep that 35.55% ROE elevated. Without this scale and debt-backed investment, they would lose the very pricing power that currently anchors their valuation.

Chatgpt

Claude, your point about leverage misses the real driver here: durable defense demand and cash flow visibility. ROE TTM is 35.55%, a metric that shows HON turns equity into profits at a high rate. That level supports generous cash returns to shareholders and helps fund debt service, even if rates stay higher. The $500M DoD framework with the U.S. War Department adds multi-year revenue visibility that could justify the current leverage if defense demand remains firm.

Round 3 — Final Rebuttals

G

Grok

Claude, I disagree that margin expansion under flat debt is a warning flag—it's Honeywell delivering operational leverage from aero and defense tailwinds. Net margin TTM climbed to 15.07% from 14.3% last quarter. That directly funds debt service and buybacks without added borrowing pressure. ROE hit 35.55%, crushing IEP's -19.72%. For this conglomerate, it signals sustainable profitability into 2026Q2, not fragility.

C

Claude

I want to push back on something ChatGPT and Grok both glossed over: the $7.6B debt paydown on March 22 wasn't preemptive discipline, it was a capitulation signal. When a company with a 220.69 debt-to-equity ratio — that's debt nearly 2.2 times larger than shareholder equity — suddenly rushes to pay down $7.6B in a single move, it's not confidence. It's management signaling they see refinancing risk or rate pressure ahead. Grok, you called it a buy signal; I read it as the opposite. If HON truly believed in that 35.55% ROE and defense tailwinds, they'd be deploying cash into the aerospace spin-off or M&A, not de-risking the balance sheet. The stock dropped 3.8% that day because the market read it the same way I do: fear, not strength.

G

Gemini

Grok, I disagree that the $7.6B debt paydown is a pure liquidity win; the market reaction on March 22 proves investors fear the interest expense is still cannibalizing growth. My read is that we are ignoring the macro regime shift: the strengthening dollar is a massive headwind for Honeywell given their global aerospace footprint. With a net margin of 15.07%, this is the percentage of revenue that actually hits the bottom line after all costs are paid. A stronger dollar makes their exports less competitive globally, which could easily erode those margins faster than any defense contract can offset.

C

Chatgpt

I think we should widen the frame to regulatory and competitive dynamics that could move HON in 2026Q2. Metric: the $500M DoD supplier framework agreement Honeywell Aerospace signed adds multi-year revenue visibility that anchors cash flow and supports a protective moat. Claude, your point on leverage is valid, but policy backdrop — DoD budget trajectories and export controls — could tilt orders either way. Grok, a rival RTX Collins Aerospace roadmap could pressure HON's cockpit-sensors niche if backlog shifts. This outside frame keeps the upside and risk balanced.

Price Forecasts

Model	3M Target	6M Target	Reasoning
G Grok	3M Target $235.00	6M Target $250.00	Reasoning I think Honeywell's operational leverage from defense tailwinds will re-rate the stock higher into 2026Q2, justifying targets above the recent $222 close. The key catalyst is the Q2 2026 earnings release around late July, where management should quantify aero spin-off timelines and $500M DoD contract ramp-up for multi-year visibility. The main risk is a Fed rate hike in September 2026 that spikes interest costs on the 220.69 debt/equity ratio, crimping net margins from 15.07%. At a forward P/E expanding to 22x on $9.49 EPS, this embeds aero purity without conglomerate drag.
C Claude	3M Target $215.00	6M Target $228.00	Reasoning Honeywell's margin expansion and defense tailwinds justify a modest re-rating, but leverage remains the binding constraint. My thesis: HON trades at a structural discount to peers because the market is pricing in refinancing risk from that 220.69 debt-to-equity ratio, not fundamental weakness. The catalyst: a clean aerospace spin-off announcement in Q2 2026 that separates high-margin defense from lower-return industrial segments, unlocking a 15–18% multiple expansion. The risk: if rates stay elevated through mid-2026, debt service costs erode that 15.07% net margin faster than defense orders can offset. At 20.2x trailing P/E on $9.49 EPS, you're paying for stability, not growth—fair value if the spin-off de-risks the balance sheet.
G Gemini	3M Target $195.00	6M Target $210.00	Reasoning My thesis is that Honeywell’s persistent defense demand will eventually outweigh investor anxiety regarding their debt load. The primary catalyst for a move toward my 210 dollar target is the upcoming Q2 earnings report, where I expect management to provide clarity on how the aerospace spin-off will specifically deleverage the balance sheet. The major risk is a sudden spike in long-term interest rates, which would force a sharp re-pricing of their high debt-to-equity ratio of 220.69. This ratio represents the total debt relative to shareholder equity, and at this level, it means Honeywell is highly sensitive to the cost of borrowing to fund its operations.
C Chatgpt	3M Target $194.00	6M Target $205.00	Reasoning I think HON can drift higher into 2026Q2 on durable defense demand and a clearer aerospace spin-off path, but high leverage caps upside. Catalyst: the Q2 earnings print with updated guidance and a concrete aerospace spin-off timeline, plus ongoing DoD revenue visibility. Risk: a sharper pullback in defense orders or persistently high rates that raise debt service could derail the setup. ROE around 35.6% shows HON turns equity into profits efficiently, supporting cash returns and debt service.

Latest News Recent headlines mentioning this company

Honeywell Technologies (HON)’s First Earnings as a Standalone Company: Bull vs Bear Analysis Yahoo Finance · 2 weeks, 5 days ago
Morgan Stanley drops timely Honeywell stock opinion Yahoo Finance · 1 month, 1 week ago
Honeywell Stock Sinks After Officially Completing Aerospace Spin-Off Nasdaq · 1 month, 2 weeks ago
Honeywell Aerospace Completes Spin-off From Honeywell Technologies, To Begin Trading On Nasdaq Nasdaq · 1 month, 2 weeks ago
Honeywell Completes Spin Off Of Aerotech Business Nasdaq · 1 month, 3 weeks ago
Should You Buy the Honeywell Aerospace Spinoff? Nasdaq · 2 months ago
Honeywell CEO says AI will 'redefine automation' as labor shortages mount CNBC · 2 months, 1 week ago
Is The Newest Quantum Stock IPO a Buy? Nasdaq · 2 months, 1 week ago
Honeywell's Quantinuum raises $1.68 billion in US IPO as quantum computing heats up Yahoo Finance · 2 months, 2 weeks ago
Honeywell's Quantinuum targets $12.7 billion valuation in US IPO Yahoo Finance · 2 months, 3 weeks ago

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Institutional owners (13F) 458 filers · $2.5B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
3	2,546	24	94	—

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair. Change vs prior quarter not shown: filer coverage differs too much between these two quarters for a reliable comparison.

Institution	Value	Shares	% of tracked 13F	Type
Nuveen Asset Management, LLC	$243,039,151	1,075,918	9.81%	Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	$224,666,361	993,967	9.07%	Shares
CIBC WORLD MARKETS CORP	$219,787,223	1,126,594	8.88%	Shares
PineBridge Investments, L.P.	$117,244,711	556,982	4.73%	Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	$92,614,436	409,744	3.74%	Shares
Brandywine Global Investment Management, LLC	$88,286,224	452,541	3.57%	Shares
Asset Management One Co., Ltd.	$86,291,473	381,770	3.48%	Shares
WOLVERINE TRADING, LLC	$81,347,136	388,700	3.28%	Call option
Rathbones Group PLC	$74,945,313	322,748	3.03%	Shares
Stonegate Investment Group, LLC	$64,210,858	305,040	2.59%	Shares
MEYER HANDELMAN CO	$62,020,524	277,001	2.50%	Shares
TWO SIGMA ADVISERS, LP	$59,268,342	303,800	2.39%	Shares
VANGUARD GROUP INC	$51,689,681	264,953	2.09%	Shares
Glenview Trust Co	$39,657,415	175,452	1.60%	Shares
WOLVERINE TRADING, LLC	$36,289,152	173,400	1.47%	Put option
Cubist Systematic Strategies, LLC	$35,218,234	167,308	1.42%	Shares
DEPRINCE RACE & ZOLLO INC	$34,136,633	151,027	1.38%	Shares
Cardinal Capital Management, Inc.	$31,958,834	141,392	1.29%	Shares
Madison Investment Advisors, LLC	$30,885,036	136,726	1.25%	Shares
Rakuten Investment Management, Inc.	$29,449,747	131,778	1.19%	Shares
FineMark National Bank & Trust	$22,204,753	113,818	0.90%	Shares
TRUST CO OF VERMONT	$19,617,446	87,617	0.79%	Shares
Beacon Pointe Advisors, LLC	$19,462,710	86,107	0.79%	Shares
VANTAGE WEALTH	$18,482,241	94,737	0.75%	Shares
CWM, LLC	$18,166,909	80,374	0.73%	Shares
S.A.C. Capital Advisors (Hong Kong) Ltd.	$16,439,676	78,098	0.66%	Shares
EXENCIAL WEALTH ADVISORS, LLC	$15,843,504	81,211	0.64%	Shares
SYNOVUS FINANCIAL CORP	$14,849,302	70,543	0.60%	Shares
Buckingham Capital Management, Inc.	$14,241,829	63,048	0.58%	Shares
Annex Advisory Services, LLC	$13,885,776	61,433	0.56%	Shares
H D Vest Advisory Services	$12,590,727	54,065	0.51%	Shares
Leo Wealth, LLC	$12,354,717	54,660	0.50%	Shares
CLIFFORD SWAN INVESTMENT COUNSEL LLC	$11,545,612	51,080	0.47%	Shares
Carnick & Kubik Group, LLC	$11,311,032	53,417	0.46%	Shares
BOWEN HANES & CO INC	$11,107,792	49,143	0.45%	Shares
MIZUHO SECURITIES USA LLC	$11,024,764	52,065	0.45%	Shares
Talbot Financial, LLC	$10,901,892	48,691	0.44%	Shares
Orion Portfolio Solutions, LLC	$10,454,921	49,374	0.42%	Shares
WHITENER CAPITAL MANAGEMENT, INC.	$10,165,117	44,972	0.41%	Shares
Point72 (DIFC) Ltd	$9,448,095	44,884	0.38%	Shares
Congress Wealth Management LLC / DE /	$9,402,708	40,374	0.38%	Shares
WOLVERINE TRADING, LLC	$9,355,025	44,701	0.38%	Shares
Wallington Asset Management, LLC	$9,332,264	41,681	0.38%	Shares
Morningstar Investment Management LLC	$9,033,967	39,968	0.36%	Shares
TrinityPoint Wealth, LLC	$8,934,209	39,551	0.36%	Shares
Erste Asset Management GmbH	$8,639,605	37,206	0.35%	Shares
FARMERS TRUST CO	$7,946,537	35,157	0.32%	Shares
COMERICA BANK	$7,843,382	40,204	0.32%	Shares
Paradoxiom Capital L.P.	$7,324,009	34,588	0.30%	Shares
Toroso Investments, LLC	$7,049,577	36,135	0.28%	Shares
UNITED BANK	$6,994,041	36,749	0.28%	Shares
TEMA ETFS LLC	$6,920,232	35,472	0.28%	Shares
Kingsview Wealth Management, LLC	$6,500,177	28,758	0.26%	Shares
Brick & Kyle, Associates	$6,138,240	27,157	0.25%	Shares
Sonora Investment Management Group, LLC	$6,070,463	28,838	0.25%	Shares
Northeast Financial Consultants Inc	$5,914,687	25,398	0.24%	Shares
Exchange Capital Management, Inc.	$5,839,281	25,074	0.24%	Shares
World Investment Advisors	$5,737,525	25,384	0.23%	Shares
VALUEWORKS LLC	$5,610,486	25,058	0.23%	Shares
CCM INVESTMENT GROUP, LLC	$5,312,768	25,258	0.21%	Shares
Cubist Systematic Strategies, LLC	$5,073,050	24,100	0.20%	Put option
Avitas Wealth Management LLC	$5,001,430	22,141	0.20%	Shares
Corient Private Wealth LP	$4,689,748	20,946	0.19%	Shares
INDEPENDENT INVESTORS INC	$4,561,515	20,373	0.18%	Shares
Edge Capital Group, LLC	$4,555,848	12	0.18%	Shares
Cohen Klingenstein LLC	$4,547,409	20,310	0.18%	Shares
U.S. Capital Wealth Advisors, LLC	$4,520,660	20,000	0.18%	Shares
Shorepath Capital Management LLC	$4,244,704	18,227	0.17%	Shares
Glenmede Investment Management, LP	$4,227,892	20,085	0.17%	Shares
Fulton Bank, N.A.	$3,995,869	17,208	0.16%	Shares
Codex Capital Asset Management L.L.C.	$3,923,848	17,525	0.16%	Shares
Evelyn Partners Investment Management LLP	$3,897,887	17,245	0.16%	Shares
Advisors Asset Management, Inc.	$3,883,953	17,194	0.16%	Shares
Bard Financial Services, Inc.	$3,845,646	18,269	0.16%	Shares
IFP Advisors, Inc	$3,740,206	16,107	0.15%	Shares
MERITAGE PORTFOLIO MANAGEMENT	$3,725,634	19,097	0.15%	Shares
BROWN, LISLE/CUMMINGS, INC.	$3,638,631	16,098	0.15%	Shares
GERMAN AMERICAN BANCORP, INC.	$3,581,616	15,996	0.14%	Shares
CANANDAIGUA NATIONAL CORP	$3,400,169	15,043	0.14%	Shares
Point72 Asia (Singapore) Pte. Ltd.	$3,368,378	16,002	0.14%	Shares
CAPITAL INSIGHT PARTNERS, LLC	$3,349,696	17,170	0.14%	Shares
Proquility Private Wealth Partners, LLC	$3,199,331	15,109	0.13%	Shares
GRAND JEAN CAPITAL MANAGEMENT INC	$3,187,082	14,109	0.13%	Shares
Fayez Sarofim & Co	$3,176,116	14,185	0.13%	Shares
U S WEALTH GROUP, LLC.	$3,118,514	15,985	0.13%	Shares
Pathway Financial Advisors LLC	$3,115,522	13,554	0.13%	Shares
Chiron Investment Management, LLC	$3,029,637	13,412	0.12%	Shares
Fairhaven Wealth Management, LLC	$3,022,014	13,378	0.12%	Shares
Iowa State Bank	$3,007,175	13,516	0.12%	Shares
Enterprise Bank & Trust Co	$2,973,645	12,769	0.12%	Shares
Ransom Advisory, Ltd	$2,966,129	15,204	0.12%	Shares
CONNABLE OFFICE INC	$2,950,330	13,177	0.12%	Shares
Citizens National Bank Trust Department	$2,891,015	12,450	0.12%	Shares
Consolidated Investment Group LLC	$2,807,482	12,539	0.11%	Shares
FTB Advisors, Inc.	$2,771,946	11,902	0.11%	Shares
Hutchinson Financial Advisors, INC	$2,769,759	13,158	0.11%	Shares
Skopos Labs, Inc.	$2,757,697	12,201	0.11%	Shares
PRIVATE TRUST CO NA	$2,755,148	11,865	0.11%	Shares
SOUTHPORT MANAGEMENT, L.L.C.	$2,742,965	14,060	0.11%	Shares
Laird Norton Wetherby Wealth Management, LLC	$2,736,958	13,002	0.11%	Shares

Company insiders 82 insiders · 37 officers · 34 directors

Insider	Role	Last activity	Shares owned	Sells 12m	Net 12m
Kenneth J West	Pres/CEO Process Technologies	July 30, 2026 M	2,320	7	$-4,229,461
Vimal Kapur	Chief Executive Officer	July 28, 2026 M	2,206	0	$0
Lucian Boldea	President and CEO, PMT	Oct. 3, 2023 M	5,904	0	$0
James E Currier	President & CEO, Aerospace	Aug. 1, 2023 A	—	0	$0
George Koutsaftes	President and CEO, SPS	July 29, 2023 M	10,130	0	$0
Michael R Madsen	Former President & CEO, AEROF	July 29, 2023 M	44,458	0	$0
Kevin Dehoff	President and CEO, HCE	Feb. 14, 2023 M	14,405	0	$0
Doug Wright	President & CEO, HBT	July 30, 2022 M	2,409	0	$0
Que Dallara	President & CEO, HCE	Feb. 27, 2022 M	8,994	0	$0
John F. Waldron	President & CEO, SPS	Feb. 27, 2022 M	42,812	0	$0
Timothy O. Mahoney	President & CEO, Aerospace	July 31, 2019 M	186,420	0	$0
Gary S Michel	President & CEO, HBT	April 24, 2018 A	—	0	$0
Terrence Hahn	President and CEO, HBT	July 30, 2017 M	17,445	0	$0
Alexandre Ismail	Pres. & CEO, ACS	April 29, 2016 M	24,107	0	$0
Robert J Gillette	President & CEO, Aerospace	Aug. 28, 2009 A	72,681	0	$0
Nance K Dicciani	President & CEO, SM	March 28, 2008 A	—	0	$0
Robert D Johnson	President &CEO, Aerospace	Dec. 23, 2004 A	24,206	0	$0
GILLIGAN J KEVIN	President and CEO / ACS	Dec. 30, 2003 A	—	0	$0
Gregory P Lewis	SrVP & Chief Financial Officer	Oct. 3, 2023 M	49,279	0	$0
Thomas A Szlosek	SVP & Chief Financial Officer	Feb. 27, 2018 A	5,702	0	$0
David J Anderson	Sr. VP & CFO	April 4, 2014 A	126,510	0	$0
Richard F Wallman	Senior VP and CFO	Oct. 3, 2003 A	—	0	$0
Karen Mattimore	Former SrVP & Chief HR Officer	June 29, 2026 A	20,427	0	$0
Anne T Madden	SrVP and General Counsel	July 29, 2023 M	58,365	0	$0
Mark R. James	SVP-HR Security & Comms	Feb. 28, 2020 F	259,197	0	$0
John J Tus	Vice President and Controller	Jan. 15, 2019 M	145,452	0	$0
Krishna Mikkilineni	SrVP, Engineering, Ops & IT	Nov. 23, 2018 M	103,548	0	$0
Jennifer H Mak	Vice President and Controller	Feb. 27, 2018 A	1,876	0	$0
Katherine L. Adams	SVP and General Counsel	July 31, 2017 S	180,211	0	$0
Andreas Kramvis	Vice Chairman	Feb. 15, 2017 M	79,793	0	$0
Roger Fradin	Vice Chairman	Feb. 15, 2017 M	144,296	0	$0
Adam Matteo	Vice President & Controller	Feb. 25, 2016 A	4,475	0	$0
Kathleen A Winters	Vice President and Controller	Nov. 30, 2012 A	22,161	0	$0
KITTELBERGER LARRY E	SVP, Technology & Operations	April 9, 2010 A	132,594	0	$0
Adriane M Brown	SVP Energy Strategy	Aug. 28, 2009 A	40,819	0	$0
Peter M Kreindler	SVP, Gov. & Regulatory Affairs	April 24, 2009 A	30,574	0	$0
Thomas W Weidenkopf	Sr. VP, HR & Communications	Oct. 25, 2007 M	41,500	0	$0
Duncan Angove	Director	July 1, 2026 A	3,608	0	$0
Jillian C. Evanko	Director	June 1, 2026 A	—	0	$0
Marc Steinberg	Director	May 22, 2026 A	605	0	$0
William S Ayer	Director	May 22, 2026 A	11,968	0	$0
Craig Arnold	Director	May 22, 2026 A	359	0	$0
Indra K Nooyi	Director	May 22, 2026 A	256	0	$0
Robin Watson	Director	April 15, 2026 M	1,493	0	$0
Deborah Flint	Director	April 15, 2026 M	3,057	0	$0
Stephen Williamson	Director	April 15, 2026 M	789	0	$0
Grace Lieblein	Director	April 15, 2026 M	16,564	0	$0
Kevin Burke	Director	April 15, 2026 M	29,532	0	$0
Darius Adamczyk	Director	Nov. 22, 2023 M	180,453	0	$0
Robin L Washington	Director	Nov. 17, 2023 G	0	0	$0
Rose Lee	Director	Oct. 2, 2023 A	447	0	$0
George Paz	Director	Oct. 23, 2022 M	23,350	0	$0
Judd A. Gregg	Director	April 15, 2022 M	15,823	0	$0
Raymond T Odierno	Director	Oct. 8, 2021 M	828	0	$0
Linnet F Deily	Director	April 27, 2021 M	8,360	0	$0
Clive R Hollick	Director	April 27, 2021 M	18,350	0	$0
PARDO JAIME CHICO /FA	Director	April 24, 2020 M	932	0	$0
David M Cote	Director	March 9, 2018 F	986,728	0	$0
Bradley T Sheares	Director	Jan. 2, 2018 A	3,302	0	$0
Gordon M Bethune	Director	April 22, 2016 M	15,426	0	$0
WRIGHT MICHAEL W	Director	April 20, 2011 A	—	0	$0
STAFFORD JOHN R	Director	Jan. 4, 2010 A	23,441	0	$0
Eric K Shinseki	Director	Dec. 12, 2008 A	3,000	0	$0
HOWARD JAMES J	Director	April 1, 2008 A	—	0	$0
Ivan G Seidenberg	Director	Feb. 26, 2008 A	2,597	0	$0
Russell E Palmer	Director	Feb. 21, 2007 M	1,613	0	$0
KARATZ BRUCE	Director	Oct. 27, 2006 A	—	0	$0
Marshall N Carter	Director	April 19, 2005 D	—	0	$0
BECHERER HANS W	Director	April 1, 2005 A	1,810	0	$0
Robert P Luciano	Director	Feb. 23, 2004 M	7,975	0	$0
HONEYWELL INTERNATIONAL INC	10% owner	June 29, 2026 J	0	0	$0
James Masso	—	Aug. 3, 2026 A	1,259	0	$0
Billal Hammoud	—	Aug. 3, 2026 A	3,574	0	$0
Peter James Lau	—	Aug. 3, 2026 A	—	0	$0
Robert D. Mailloux	—	Aug. 3, 2026 A	4,803	2	$-2,415,721
Jennifer J Reilly	—	Aug. 1, 2026 M	427	0	$0
Michal Stepniak	—	Aug. 1, 2026 M	2,931	0	$0
Su Ping Lu	—	Aug. 1, 2026 M	5,541	0	$0
Michael W Lamach	—	May 22, 2026 A	2,278	0	$0
Scott D Davis	—	May 22, 2026 A	31,721	1	$-568,080
Rajeev Gautam	—	July 31, 2021 M	18,345	0	$0
Talia M Griep	—	July 17, 2009 A	2,388	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 7 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
Undisclosed reporting person	Feb. 20, 2004	—	Initial filing	—	SEC
	Dec. 19, 2003	—	Initial filing	—	SEC
HONEYWELL INTERNATIONAL INC. ×5 filings	Dec. 5, 2003	—	Initial filing	—	SEC
Undisclosed reporting person	Dec. 23, 2002	—	Initial filing	M&A / sale	SEC
	Dec. 9, 2002	—	Initial filing	—	SEC
Undisclosed reporting person	Sept. 26, 2001	—	Initial filing	—	SEC
Undisclosed reporting person, Undisclosed reporting person	June 26, 2001	—	Initial filing	Passive investment	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 222 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
LBAY · Tidal Trust I	4.91%	3,638 NS	May 31, 2026	N-PORT
FMCE · Northern Lights Fund Trust IV	4.44%	12,607 NS	May 31, 2026	N-PORT
FMCX · Northern Lights Fund Trust IV	4.41%	21,837 NS	May 31, 2026	N-PORT
CAMX · ADVISORS' INNER CIRCLE FUND	4.05%	12,500 NS	April 30, 2026	N-PORT
ASLV · ALLSPRING EXCHANGE-TRADED FUNDS TRU…	2.80%	29,127 NS	April 30, 2026	N-PORT
DJIA · Global X Funds	2.68%	21,113 NS	April 30, 2026	N-PORT
DYLG · Global X Funds	2.66%	732 NS	April 30, 2026	N-PORT
MADE · iShares Trust	2.20%	5,872 SH	Aug. 8, 2026	Daily
FLV · AMERICAN CENTURY ETF TRUST	2.12%	31,424 NS	May 31, 2026	N-PORT
DDM · ProShares Trust	2.06%	45,367 NS	May 31, 2026	N-PORT
FDIV · EA Series Trust	2.03%	6,888 NS	April 30, 2026	N-PORT
SPHD · Invesco Exchange-Traded Fund Trust …	1.97%	274,148 SH	Aug. 8, 2026	Daily
FIDU · FIDELITY COVINGTON TRUST	1.95%	188,303 NS	April 30, 2026	N-PORT
RUNN · Strategic Trust	1.92%	27,871 NS	May 31, 2026	N-PORT
UFO · Procure ETF Trust II	1.91%	66,827 NS	April 30, 2026	N-PORT
DJD · Invesco Exchange-Traded Fund Trust	1.90%	38,450 SH	Aug. 8, 2026	Daily
BMVP · Invesco Exchange-Traded Fund Trust	1.87%	8,009 SH	Aug. 8, 2026	Daily
DRIV · Global X Funds	1.87%	37,417 NS	May 31, 2026	N-PORT
MFSV · MFS Active Exchange Traded Funds Tr…	1.82%	36,230 NS	May 31, 2026	N-PORT
DUSL · Direxion Shares ETF Trust	1.76%	4,458 NS	April 30, 2026	N-PORT
UXI · ProShares Trust	1.75%	2,097 NS	May 31, 2026	N-PORT
FOWF · Pacer Funds Trust	1.65%	1,141 NS	April 30, 2026	N-PORT
RSHO · Tema ETF Trust	1.61%	18,585 NS	May 31, 2026	N-PORT
UDOW · ProShares Trust	1.58%	55,656 NS	May 31, 2026	N-PORT
SNSR · Global X Funds	1.51%	15,955 NS	May 31, 2026	N-PORT
QNXT · iShares Trust	1.42%	1,658 SH	Aug. 8, 2026	Daily
BOBP · EXCHANGE TRADED CONCEPTS TRUST	1.40%	117 NS	April 30, 2026	N-PORT
ITAN · EA Series Trust	1.32%	4,955 NS	May 29, 2026	N-PORT
ROPE · EA Series Trust	1.32%	472 NS	May 29, 2026	N-PORT
RSPN · Invesco Exchange-Traded Fund Trust	1.31%	57,678 SH	Aug. 8, 2026	Daily
BKDV · BNY Mellon ETF Trust II	1.05%	67,389 NS	April 30, 2026	N-PORT
SNPV · DBX ETF Trust	1.03%	9,930 NS	May 29, 2026	N-PORT
ARKX · ARK ETF Trust	1.00%	41,467 NS	April 30, 2026	N-PORT
VIS · VANGUARD WORLD FUND	0.95%	385,930 SH	Aug. 8, 2026	Daily
IYJ · iShares Trust	0.89%	72,179 SH	Aug. 8, 2026	Daily
QQQE · Direxion Shares ETF Trust	0.87%	49,425 NS	April 30, 2026	N-PORT
DUHP · Dimensional ETF Trust	0.82%	433,251 NS	April 30, 2026	N-PORT
ACLC · AMERICAN CENTURY ETF TRUST	0.76%	9,894 NS	May 31, 2026	N-PORT
BSCQ · Invesco Exchange-Traded Self-Indexe…	0.75%	26,574,000	Aug. 8, 2026	Daily
EXI · iShares Trust	0.73%	44,524 SH	Aug. 8, 2026	Daily
CRTC · DBX ETF Trust	0.70%	3,834 NS	May 31, 2026	N-PORT
QCLR · Global X Funds	0.70%	130 NS	April 30, 2026	N-PORT
CGUS · Capital Group Core Equity ETF	0.70%	319,487 NS	May 31, 2026	N-PORT
FYEE · Fidelity Greenwood Street Trust	0.69%	5,349 NS	April 30, 2026	N-PORT
QYLD · Global X Funds	0.69%	266,404 NS	April 30, 2026	N-PORT
FDRR · FIDELITY COVINGTON TRUST	0.68%	21,922 NS	April 30, 2026	N-PORT
QRMI · Global X Funds	0.68%	519 NS	April 30, 2026	N-PORT
OUSA · ALPS ETF Trust	0.67%	21,075 NS	May 31, 2026	N-PORT
AKAF · ETF Series Solutions	0.67%	83 NS	May 31, 2026	N-PORT
FBUF · Fidelity Greenwood Street Trust	0.67%	590 NS	April 30, 2026	N-PORT
QYLG · Global X Funds	0.67%	4,407 NS	April 30, 2026	N-PORT
PTNQ · Pacer Funds Trust	0.66%	38,436 NS	April 30, 2026	N-PORT
QTR · Global X Funds	0.66%	89 NS	April 30, 2026	N-PORT
FHEQ · Fidelity Greenwood Street Trust	0.65%	25,063 NS	April 30, 2026	N-PORT
IIGD · Invesco Exchange-Traded Self-Indexe…	0.62%	190,000	Aug. 8, 2026	Daily
QSIX · Pacer Funds Trust	0.60%	507 NS	April 30, 2026	N-PORT
FDLO · FIDELITY COVINGTON TRUST	0.57%	36,912 NS	April 30, 2026	N-PORT
IQQQ · ProShares Trust	0.56%	10,196 NS	May 31, 2026	N-PORT
GQQQ · EA Series Trust	0.55%	3,364 NS	May 29, 2026	N-PORT
MFSG · MFS Active Exchange Traded Funds Tr…	0.53%	7,713 NS	May 31, 2026	N-PORT
DFVX · Dimensional ETF Trust	0.53%	12,053 NS	April 30, 2026	N-PORT
FVAL · FIDELITY COVINGTON TRUST	0.53%	30,070 NS	April 30, 2026	N-PORT
EVUS · iShares Trust	0.49%	7,671 SH	Aug. 8, 2026	Daily
SCHV · SCHWAB STRATEGIC TRUST	0.49%	319,931 NS	May 31, 2026	N-PORT
HUSV · First Trust Exchange-Traded Fund III	0.48%	1,639 NS	April 30, 2026	N-PORT
SPLV · Invesco Exchange-Traded Fund Trust …	0.48%	141,077 SH	Aug. 8, 2026	Daily
FWD · AB Active ETFs, Inc.	0.47%	57,443 NS	May 31, 2026	N-PORT
HAPI · Harbor ETF Trust	0.46%	10,141 NS	April 30, 2026	N-PORT
GVUS · Goldman Sachs ETF Trust	0.44%	7,677 NS	May 31, 2026	N-PORT
SFGV · EA Series Trust	0.43%	20,712 NS	May 29, 2026	N-PORT
XOEF · iShares Trust	0.42%	398 SH	Aug. 8, 2026	Daily
QLD · ProShares Trust	0.41%	251,826 NS	May 31, 2026	N-PORT
EGLE · Global X Funds	0.39%	37 NS	April 30, 2026	N-PORT
BSMT · Invesco Exchange-Traded Self-Indexe…	0.39%	1,010,000	Aug. 8, 2026	Daily
ACVF · ETF Opportunities Trust	0.39%	2,626 NS	April 30, 2026	N-PORT
SPXT · ProShares Trust	0.38%	4,248 NS	May 31, 2026	N-PORT
PEVC · Pacer Funds Trust	0.37%	40 NS	April 30, 2026	N-PORT
OALC · Unified Series Trust	0.37%	3,752 NS	May 31, 2026	N-PORT
DGRO · iShares Trust	0.36%	658,750 SH	Aug. 8, 2026	Daily
ACIO · ETF Series Solutions	0.36%	38,376 NS	April 30, 2026	N-PORT
ADME · ETF Series Solutions	0.36%	4,428 NS	April 30, 2026	N-PORT
BSMS · Invesco Exchange-Traded Self-Indexe…	0.35%	1,045,000	Aug. 8, 2026	Daily
XMAG · Tidal Trust II	0.35%	2,079 NS	May 31, 2026	N-PORT
QQQ · Invesco QQQ Trust, Series 1	0.34%	6,719,887 SH	Aug. 8, 2026	Daily
QQQM · Invesco Exchange-Traded Fund Trust …	0.34%	1,424,594.50 SH	Aug. 8, 2026	Daily
GINX · RBB Fund, Inc.	0.34%	1,349 NS	May 31, 2026	N-PORT
MGV · VANGUARD WORLD FUND	0.33%	199,137 SH	Aug. 8, 2026	Daily
ONEQ · Fidelity Commonwealth Trust	0.33%	149,910 NS	May 31, 2026	N-PORT
VIG · VANGUARD SPECIALIZED FUNDS	0.31%	1,789,911 SH	Aug. 8, 2026	Daily
QRFT · Exchange Listed Funds Trust	0.31%	212 NS	April 30, 2026	N-PORT
LDRX · RBB Fund, Inc.	0.30%	3,175 NS	May 31, 2026	N-PORT
PFIG · Invesco Exchange-Traded Fund Trust …	0.30%	378,000	Aug. 8, 2026	Daily
VYM · VANGUARD WHITEHALL FUNDS	0.29%	1,266,841 SH	Aug. 8, 2026	Daily
FNDX · SCHWAB STRATEGIC TRUST	0.29%	305,753 NS	May 31, 2026	N-PORT
JUST · Goldman Sachs ETF Trust	0.28%	6,712 NS	May 31, 2026	N-PORT
IWX · iShares Trust	0.28%	46,710 SH	Aug. 8, 2026	Daily
PFM · Invesco Exchange-Traded Fund Trust	0.27%	9,019 SH	Aug. 8, 2026	Daily
SZNE · Pacer Funds Trust	0.27%	171 NS	April 30, 2026	N-PORT
DSPY · Tema ETF Trust	0.27%	10,158 NS	May 31, 2026	N-PORT
VTV · VANGUARD INDEX FUNDS	0.27%	3,013,395 SH	Aug. 8, 2026	Daily
SPXN · ProShares Trust	0.27%	886 NS	May 31, 2026	N-PORT
DIVB · iShares Trust	0.27%	19,566 SH	Aug. 8, 2026	Daily
FNDB · SCHWAB STRATEGIC TRUST	0.26%	14,694 NS	May 31, 2026	N-PORT
BSMU · Invesco Exchange-Traded Self-Indexe…	0.26%	650,000	Aug. 8, 2026	Daily
IVE · iShares Trust	0.25%	524,843 SH	Aug. 8, 2026	Daily
SPXV · ProShares Trust	0.25%	427 NS	May 31, 2026	N-PORT
CHRI · Global X Funds	0.25%	60 NS	April 30, 2026	N-PORT
FDVV · FIDELITY COVINGTON TRUST	0.24%	103,157 NS	April 30, 2026	N-PORT
IUSV · iShares Trust	0.24%	275,578 SH	Aug. 8, 2026	Daily
VOOV · VANGUARD ADMIRAL FUNDS	0.24%	72,959 SH	Aug. 8, 2026	Daily
VALQ · AMERICAN CENTURY ETF TRUST	0.24%	3,505 NS	May 31, 2026	N-PORT
SPXE · ProShares Trust	0.24%	847 NS	May 31, 2026	N-PORT
GSUS · Goldman Sachs ETF Trust	0.24%	31,705 NS	May 31, 2026	N-PORT
ESGU · iShares Trust	0.24%	179,304 SH	Aug. 8, 2026	Daily
ONOF · Global X Funds	0.23%	1,393 NS	May 31, 2026	N-PORT
GXLC · Global X Funds	0.23%	44 NS	May 31, 2026	N-PORT
BSCU · Invesco Exchange-Traded Self-Indexe…	0.23%	6,808,000	Aug. 8, 2026	Daily
XTR · Global X Funds	0.23%	38 NS	April 30, 2026	N-PORT
XCLR · Global X Funds	0.22%	34 NS	April 30, 2026	N-PORT
XRMI · Global X Funds	0.22%	511 NS	April 30, 2026	N-PORT
XYLD · Global X Funds	0.22%	32,452 NS	April 30, 2026	N-PORT
BSCR · Invesco Exchange-Traded Self-Indexe…	0.22%	10,373,500	Aug. 8, 2026	Daily
BSMQ · Invesco Exchange-Traded Self-Indexe…	0.22%	590,000	Aug. 8, 2026	Daily
ILCV · iShares Trust	0.22%	12,397 SH	Aug. 8, 2026	Daily
RSP · Invesco Exchange-Traded Fund Trust	0.22%	886,310 SH	Aug. 8, 2026	Daily
PTLC · Pacer Funds Trust	0.22%	33,008 NS	April 30, 2026	N-PORT
SCHX · SCHWAB STRATEGIC TRUST	0.22%	673,417 NS	May 31, 2026	N-PORT
TOV · EA Series Trust	0.22%	2,324 NS	April 30, 2026	N-PORT
GEW · EA Series Trust	0.22%	1,286 NS	May 29, 2026	N-PORT
BBUS · J.P. Morgan Exchange-Traded Fund Tr…	0.22%	80,213 NS	April 30, 2026	N-PORT
BKLC · BNY Mellon ETF Trust	0.22%	53,636 NS	April 30, 2026	N-PORT
VOTE · TCW ETF Trust	0.22%	10,559 NS	April 30, 2026	N-PORT
XYLG · Global X Funds	0.22%	649 NS	April 30, 2026	N-PORT
DFVE · DoubleLine ETF Trust	0.22%	262 NS	March 31, 2026	N-PORT
GSEW · Goldman Sachs ETF Trust	0.22%	16,059 NS	May 31, 2026	N-PORT
GUSA · Goldman Sachs ETF Trust II	0.22%	21,363 NS	May 31, 2026	N-PORT
SCHK · SCHWAB STRATEGIC TRUST	0.21%	51,387 NS	May 31, 2026	N-PORT
USCA · DBX ETF Trust	0.21%	29,157 NS	May 29, 2026	N-PORT
AQLT · iShares Trust	0.21%	2,673 SH	Aug. 8, 2026	Daily
VOXP · Advisors Series Trust	0.21%	54 NS	April 30, 2026	N-PORT
SCHB · SCHWAB STRATEGIC TRUST	0.21%	376,390 NS	May 31, 2026	N-PORT
DFUS · Dimensional ETF Trust	0.21%	190,294 NS	April 30, 2026	N-PORT
IWD · iShares Trust	0.20%	704,433 SH	Aug. 8, 2026	Daily
APUE · Trust for Professional Managers	0.20%	21,647 NS	May 31, 2026	N-PORT
TQQQ · ProShares Trust	0.20%	337,503 NS	May 31, 2026	N-PORT
SPUU · Direxion Shares ETF Trust	0.20%	2,131 NS	April 30, 2026	N-PORT
VONV · VANGUARD SCOTTSDALE FUNDS	0.20%	191,594 SH	Aug. 8, 2026	Daily
QDPL · Pacer Funds Trust	0.20%	14,486 NS	April 30, 2026	N-PORT
ISPY · ProShares Trust	0.20%	10,786 NS	May 31, 2026	N-PORT
DFSU · Dimensional ETF Trust	0.20%	19,049 NS	April 30, 2026	N-PORT
GDE · WisdomTree Trust	0.20%	4,906 NS	May 31, 2026	N-PORT
DFAU · Dimensional ETF Trust	0.19%	100,693 NS	April 30, 2026	N-PORT
SPXD · DBX ETF Trust	0.19%	53 NS	May 31, 2026	N-PORT
BSMR · Invesco Exchange-Traded Self-Indexe…	0.18%	615,000	Aug. 8, 2026	Daily
IOO · iShares Trust	0.18%	71,385 SH	Aug. 8, 2026	Daily
TILT · FlexShares Trust	0.18%	16,940 NS	April 30, 2026	N-PORT
KOKU · DBX ETF Trust	0.18%	6,021 NS	May 29, 2026	N-PORT
DFAC · Dimensional ETF Trust	0.17%	356,372 NS	April 30, 2026	N-PORT
DCOR · Dimensional ETF Trust	0.16%	22,439 NS	April 30, 2026	N-PORT
SPXL · Direxion Shares ETF Trust	0.16%	42,950 NS	April 30, 2026	N-PORT
SFY · Tidal Trust I	0.15%	4,319 NS	May 31, 2026	N-PORT
SSO · ProShares Trust	0.15%	53,835 NS	May 31, 2026	N-PORT
IUS · Invesco Exchange-Traded Self-Indexe…	0.15%	5,838 SH	Aug. 8, 2026	Daily
PRF · Invesco Exchange-Traded Fund Trust	0.15%	60,831 SH	Aug. 8, 2026	Daily
MSLC · MORGAN STANLEY PATHWAY FUNDS	0.15%	24,647 NS	May 31, 2026	N-PORT
DXUV · Dimensional ETF Trust	0.14%	2,642 NS	April 30, 2026	N-PORT
ESMV · iShares Trust	0.14%	46 SH	Aug. 8, 2026	Daily
TOPC · iShares Trust	0.14%	182 SH	Aug. 8, 2026	Daily
AVLC · AMERICAN CENTURY ETF TRUST	0.14%	7,227 NS	May 31, 2026	N-PORT
QVML · Invesco Exchange-Traded Fund Trust …	0.14%	8,527 SH	Aug. 8, 2026	Daily
AVUS · AMERICAN CENTURY ETF TRUST	0.14%	76,244 NS	May 31, 2026	N-PORT
IWL · iShares Trust	0.13%	12,564 SH	Aug. 8, 2026	Daily
MGC · VANGUARD WORLD FUND	0.13%	63,375 SH	Aug. 8, 2026	Daily
EQL · ALPS ETF Trust	0.12%	7,200 NS	May 31, 2026	N-PORT
PBP · Invesco Exchange-Traded Fund Trust	0.12%	1,803 SH	Aug. 8, 2026	Daily
PBUS · Invesco Exchange-Traded Fund Trust …	0.12%	56,123 SH	Aug. 8, 2026	Daily
RWL · Invesco Exchange-Traded Fund Trust …	0.12%	46,871 SH	Aug. 8, 2026	Daily
IVV · iShares Trust	0.12%	4,294,150 SH	Aug. 8, 2026	Daily
GLOV · Goldman Sachs ETF Trust	0.11%	8,274 NS	May 31, 2026	N-PORT
ILCB · iShares Trust	0.11%	6,220 SH	Aug. 8, 2026	Daily
OMFL · Invesco Exchange-Traded Self-Indexe…	0.11%	22,264 SH	Aug. 8, 2026	Daily
VOO · VANGUARD INDEX FUNDS	0.11%	8,229,988 SH	Aug. 8, 2026	Daily
VV · VANGUARD INDEX FUNDS	0.11%	370,021 SH	Aug. 8, 2026	Daily
IYY · iShares Trust	0.11%	13,605 SH	Aug. 8, 2026	Daily
IWB · iShares Trust	0.11%	220,053 SH	Aug. 8, 2026	Daily
USCL · iShares Trust	0.11%	12,546 SH	Aug. 8, 2026	Daily
UPRO · ProShares Trust	0.10%	24,438 NS	May 31, 2026	N-PORT
EBI · RBB Fund Trust	0.10%	2,838 NS	May 31, 2026	N-PORT
IWV · iShares Trust	0.10%	86,252 SH	Aug. 8, 2026	Daily
ITOT · iShares Trust	0.10%	411,482 SH	Aug. 8, 2026	Daily
VTI · VANGUARD INDEX FUNDS	0.10%	10,059,868 SH	Aug. 8, 2026	Daily
VONE · VANGUARD SCOTTSDALE FUNDS	0.10%	52,581 SH	Aug. 8, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.10%	26,721 SH	Aug. 8, 2026	Daily
EUSA · iShares, Inc.	0.10%	7,813 SH	Aug. 8, 2026	Daily
PHDG · Invesco Actively Managed Exchange-T…	0.10%	252 SH	Aug. 8, 2026	Daily
SIZE · iShares Trust	0.09%	1,719 SH	Aug. 8, 2026	Daily
HDUS · Lattice Strategies Trust	0.09%	789 NS	April 30, 2026	N-PORT
GSLC · Goldman Sachs ETF Trust	0.09%	61,091 NS	May 31, 2026	N-PORT
TOK · iShares Trust	0.09%	943 SH	Aug. 8, 2026	Daily
HCMT · Direxion Shares ETF Trust	0.09%	2,253 NS	April 30, 2026	N-PORT
AUSF · Global X Funds	0.09%	3,056 NS	May 31, 2026	N-PORT
URTH · iShares, Inc.	0.08%	28,576 SH	Aug. 8, 2026	Daily
VCIT · VANGUARD SCOTTSDALE FUNDS	0.08%	53,635,000 PA	Aug. 8, 2026	Daily
VTC · VANGUARD SCOTTSDALE FUNDS	0.08%	1,720,000 PA	Aug. 8, 2026	Daily
ACWI · iShares Trust	0.07%	100,125 SH	Aug. 8, 2026	Daily
DEUS · DBX ETF Trust	0.07%	772 NS	May 29, 2026	N-PORT
VT · VANGUARD INTERNATIONAL EQUITY INDEX…	0.06%	264,925 SH	Aug. 8, 2026	Daily
ROUS · Lattice Strategies Trust	0.06%	1,550 NS	April 30, 2026	N-PORT
BIV · VANGUARD BOND INDEX FUNDS	0.03%	15,598,000 PA	Aug. 8, 2026	Daily
VCLT · VANGUARD SCOTTSDALE FUNDS	0.03%	3,450,000 PA	Aug. 8, 2026	Daily
EQAL · Invesco Exchange-Traded Fund Trust …	0.02%	778 SH	Aug. 8, 2026	Daily
VCSH · VANGUARD SCOTTSDALE FUNDS	0.02%	10,408,000 PA	Aug. 8, 2026	Daily
AVSU · AMERICAN CENTURY ETF TRUST	0.02%	326 NS	May 31, 2026	N-PORT
BLV · VANGUARD BOND INDEX FUNDS	0.01%	1,295,000 PA	Aug. 8, 2026	Daily
BSV · VANGUARD BOND INDEX FUNDS	0.01%	6,472,000 PA	Aug. 8, 2026	Daily
BND · VANGUARD BOND INDEX FUNDS	0.01%	63,014,000 PA	Aug. 8, 2026	Daily
VUSB · VANGUARD BOND INDEX FUNDS	0.01%	500,000 PA	Aug. 8, 2026	Daily
BAB · Invesco Exchange-Traded Fund Trust …	0.01%	85,000	Aug. 8, 2026	Daily
BNDW · VANGUARD SCOTTSDALE FUNDS	0.00%	163,452 PA	Aug. 8, 2026	Daily
GTO · Invesco Actively Managed Exchange-T…	0.00%	1,000	Aug. 8, 2026	Daily
BNDX · VANGUARD CHARLOTTE FUNDS	0.00%	1,000,000 PA	Aug. 8, 2026	Daily
CLSE · Trust for Professional Managers	-0.28%	-7,342 NS	May 31, 2026	N-PORT

About Honeywell International Inc. - Common Stock Company overview from Wikipedia

History

1906 Honeywell Heating Specialty Company founded

1922–1934 Mergers and acquisitions

1934–1941 International growth

World War II

1950–1970s

Honeywell Information Systems

1985–1999 integrations

Aerospace and defense

Home and building controls

Industrial control

1999–2002 merger, takeovers

AlliedSignal and Pittway

General Electric Company

2002–2014 acquisitions and further expansion

2015–present

COVID-19 pandemic

Business groups

Corporate governance

Acquisitions since 2002

Environmental issues

Leadership

President

Chairman of the Board

HON Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

HON Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

Moving averages & overlays

Volume

Oscillators

Momentum & trend

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

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HON Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

HON AI Analyst Panel — Bullish and Bearish Views 2026Q2 debate: Claude, Grok, Gemini, ChatGPT on the stock's prospects

Round 1 — Opening Takes

Round 2 — Responses & Rebuttals

Round 3 — Final Rebuttals

Price Forecasts

Latest News Recent headlines mentioning this company

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

My Metrics Your personal watchlist — selected rows from Full Fundamentals

Institutional owners (13F) 458 filers · $2.5B total · As of June 30, 2026

Company insiders 82 insiders · 37 officers · 34 directors

Activists & 5%+ owners 7 positions

ETF ownership Held by 222 ETFs