How to Buy Honeywell International Stock
Honeywell International Inc
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide.
Honeywell International stock last closed at $229.95, down 1.28% from the previous day, and has increased 15.93% in one year. It has overperformed other stocks in the Conglomerates industry by 0.35 percentage points. Honeywell International stock is currently +21.24% from its 52-week low of $189.66, and -5.28% from its 52-week high of $242.77.
There are currently 650.25M HON shares outstanding. The market cap of HON is $149.52B. In the last 24 hours, 3.17M HON shares were traded.
How to Buy Honeywell International Stock
Wondering how to invest in Honeywell International stock? Here's how.
- Decide where to buy Honeywell International stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Honeywell International stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Pick your payment method and add your information.
- Research Honeywell International stock: The Honeywell International ticker symbol is HON. Is Honeywell International stock a good investment? Should you buy shares of HON? How do HON's underlying business fundamentals look? Do top analysts think Honeywell International is a good buy? Why has HON's stock price moved recently? (Hint: Our stock market research website can help you understand if HON is a good stock to buy).
- Place your HON purchase: Decide if you will purchase HON shares at the current market price or use a limit order to purchase HON stock at a specific price.
- Keep tabs on your investment in HON: Create a watchlist to monitor your new investment in Honeywell International shares.
Step 1: Decide where to buy Honeywell International stock
You need a brokerage account to access the NASDAQ market and buy HON stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen your brokerage, you need to fill out some personal information so you are able to buy HON stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start your new brokerage account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have opened your account on investing apps, you need to deposit funds:
Watch this video walkthrough if you need help transferring money into your investment account.
Step 4: Research Honeywell International stock
After you have selected the best place to buy Honeywell International stock, it's absolutely critical to evaluate their stock before you buy, so you truly wrap your head around the risk as well as the opportunity.
Honeywell International quick stats
Honeywell International Due Diligence Score
WallStreetZen was created to help part-time investors perform better fundamental analysis in less time.
You can view all of the due diligence checks on HON's stock page.
Is HON stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge HON's fair value.
Using relative valuations metrics:
- HON may be overvalued based on its P/E ratio of 26.43x, relative to Conglomerates industry P/E ratio of 17.18x
- HON could be overvalued based on its P/B ratio of 8.59x, relative to Conglomerates industry P/B ratio of 5.84x
- HON may be overvalued based on its PEG ratio of 2.39x
You can do additional valuation analysis on HON's stock here.
HON Financial Health
Positive Health Checks:
- HON earnings of $8.13B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the HON balance sheet.
- HON's operating cash flow of $6.77B allows it to safely service it's debt of $30.83B.
- HON profit margin has gone up from 14.9% to 15% in the past year.
Negative Health Checks:
- HON has a relatively high debt to equity ratio of 3.19.
- There are more long-term liabilities than short-term assets on the HON balance sheet.
- Total HON debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy Honeywell International stock
Out of 9 sell side analysts who give recommendations on HON, the consensus analyst rating on HON is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Most Recent HON Analyst Upgrades/Downgrades
Andy Kaplowitz, a top 1% analyst from Citigroup maintains HON with a strong buy rating and lowers their HON price target from $248.00 to $244.00, on Oct 25, 2024.
Stephen Tusa, a top 17% analyst from JP Morgan maintains HON with a hold rating and lowers their HON price target from $235.00 to $233.00, on Oct 25, 2024.
Peter Arment, a top 9% analyst from Baird downgrades HON to a hold rating and lowers their HON price target from $223.00 to $217.00, on Oct 25, 2024.
Chris Snyder, a top 18% analyst from Morgan Stanley initiates coverage on HON with a hold rating and announces their HON price target of $210.00, on Sep 6, 2024.
You can dive deeper into what analysts are projecting on the Honeywell International stock forecast page.
Metrics for Advanced HON Traders
HON Earnings
Last year, HON earnings were $5.68B. During the last 5 year, HON's earnings have grown by 0.07% per year. This was slower than the Conglomerates industry average of 1.02%.
Last year, HON revenue was $37.85B. Over the past 5 year, HON's revenue has increased by 0.49% per year. This was faster than the Conglomerates industry average of -0.02%.
You can analyze HON's earnings and revenue performance here.
Latest Insiders Trades at HON
In the past 12 months, insiders at HON have sold more shares than they have bought.
Kevin Burke, Director of HON, was the latest HON insider to sell. They sold $115,416.00 worth of HON shares on Nov 15, 2024.
Learn more about who owns HON stock here.
Does HON provide a stable income stream?
Honeywell International pays a dividend of 1.9%, compared to the Conglomerates industry's average dividend yield of 2.54%. If you owned $1,000 of HON stock, you would have received $19.00 in the past 12 months.
Honeywell International dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Honeywell International dividend yield and history here.
Get analysis from other traders
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your HON purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price, use a limit order.
Press the Open Trade button and eToro will execute the order.
If you require additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your investment in HON
Now that you own some HON shares, you'll want to stay up-to-date on your new shares.
Start a watchlist to track your HON stock.
HON Feed
How to Buy Stock in Honeywell International
To reiterate, here are the 6 steps you need to take to buy Honeywell International stock right now:
- Decide where to buy Honeywell International stock
- Create a brokerage account
- Fund your brokerage account
- Research Honeywell International stock
- Place your HON purchase
- Keep tabs on your investment in HON
If you require a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to monitor your investment in Honeywell International, hit the button below to create your watchlist.
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