Honeywell International Inc. (HON)
Industrials · Conglomerates · Data as of 2026-10-22
Bottom line
HON is trading near its usual valuation, in the middle of its recent price range, and recent volume suggests money flowing in. The picture is mixed, so it may be worth watching rather than acting on. Past patterns are not a guarantee of future results.
Valuation — Cheap-looking, with quality flags (Yellow)
HON trades at 9.9× earnings, below its own 5-year average of 13× and below similar industrials companies we track (28×, 74 peers). Historically this has been on the cheaper side for the stock. Its free-cash-flow yield is about 2.5%. Growth is slower than its 3-year pace, which deserves some caution. Its current multiple sits around the 8th percentile of its own last five years — toward the low end of its own range.
Quality check: only about 24% of reported earnings arrived as free cash over the last year — a gap that often traces to working capital absorbing cash.
Price zones — In the middle of its recent range (Yellow)
At $218.31, the stock sits between its recent support and resistance levels. Over the past year HON has traded between $195.87 and $260.28; its historical support zone sits near $212.56 and resistance near $230.67. It is above one of its moving averages and below the other — a mixed trend picture.
52-week range $195.87–$260.28 · 50-day average $212.56 · 200-day average $230.67
Money flow — Money is flowing in (Green)
Recent trading in HON shows more volume on rising days than falling days, a pattern often described as accumulation. Volume on up days has been about 1.7× volume on down days over the last 30 sessions.
Dividends & company facts
HON paid $3.90 a share in dividends over the past year — 1.8% of today's price — and has raised it in each of the last five years. It also paid a $1.25 special dividend in November 2025. It returned more through buybacks: $3.6 billion in fiscal 2025, about 5.2% of its market value.
- Dividend yield (12 months)
- 1.78%
- Paid over 12 months
- $3.90 a share
- Payout ratio
- 55.5%
- Buybacks
- 5.16% (fiscal 2025)
- Shares, past year
- -0.1%
- Revenue, 12 months
- $30.7B
- Profit, 12 months
- $7.1B
- Employees
- 101,000
- CEO
- Vimal Kapur
- Headquarters
- Charlotte, NC
- Listed since
- 2001 · NASDAQ
About the company
Honeywell International Inc. functions as a global leader in diversified technology and manufacturing. Its Aerospace division furnishes a comprehensive array of products and services for the aviation and space industries.
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一句话结论
HON 估值接近其惯常水平，处于近期价格区间的中部，近期成交量显示资金正在流入。整体情况好坏参半，也许更适合先观察，而不是急于行动。过去的形态并不能保证未来的结果。
估值 — 看似便宜，但有质量警示
HON 目前的市盈率为 9.9×，低于其自身 5 年平均的 13×，并且低于我们追踪的同类Industrials公司（28×，74 家）。从历史来看，这属于该股较便宜的一侧。其自由现金流收益率约为 2.5%。增速已慢于其 3 年的平均步伐，这一点值得留意。它当前的估值倍数大约位于自身过去五年分布的第 8 百分位——处于自身区间的偏低位置。
质量核对：过去一年，报告利润中只有约 24% 转化为自由现金——这样的差距常常源于营运资金占用了现金。
价格区间 — 处于近期区间的中部
目前价格为 $218.31，位于其近期的支撑位与阻力位之间。过去一年 HON 的价格在 $195.87 到 $260.28 之间波动；其历史支撑区在 $212.56 附近，阻力区在 $230.67 附近。它位于其中一条均线上方、另一条下方——趋势信号并不一致。
资金流向 — 资金正在流入
HON 近期上涨日的成交量高于下跌日，这种形态常被称为吸筹。过去 30 个交易日，上涨日的成交量约为下跌日的 1.7×。
股息与公司概况
HON 过去一年每股派息 3.90 美元，相当于当前股价的 1.8%，过去五年每年都有上调。它还在 2025年11月派发了每股 1.25 美元的特别股息。它通过回购返还了更多：2025 财年回购 35.7亿美元，约占市值的 5.2%。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.