#9 - Honeywell (NASDAQ:HON)
Honeywell (NYSE: HON) - Honeywell typically delights investors with their track record of under promising and over delivering. But rather than being a case of simply creating low expectations, Honeywell's forecasts are based on their investment in what they call their breakthrough initiatives that are looking like they are ready to start delivering results, particularly in the aerospace sector. Honeywell has recently completed a period of intense investment in those growth initiatives and is now taking aggressive steps to meet their capital deployment goals. In the coming years, Honeywell expects to deliver more free cash flow (FCF) conversion from net income and they have plans to realize an increase in organic growth as a result of higher earnings and cash flow. Honeywell is another dividend aristocrat, paying out an increasingly high dividend for over 20 years. In 2017, they raised their dividend by 12%. With a current stock price of over $165, Honeywell is trading at a robust P/E ratio of 38. However, analysts project that they will be trading at just 13.6 times earnings and FCF in 2022.
About Honeywell International
Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.
Read More - Current Price
- $205.97
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $215.71 (4.7% Upside)
