Honeywell's Stock Is About as Cheap as It's Been Since 2020. 1 Thing to Know Before You Buy.
Honeywell International (NASDAQ: HON) has exposure to a lot of high-growth areas, but you wouldn't know it from the share price. The company today trades at 24 times earnings, about the same valuation as 2020 and 30% below the company's multiple in 2021. The stock has been largely flat during that time.Management is aware of the disconnect, and has big plans to address it.Honeywell is a conglomerate focused on manufacturing highly engineered components for high-growth industrial end markets. But the business has been stuck in neutral. In February, Honeywell guided for first-quarter and full-year earnings significantly below Wall Street expectations.Continue reading
Honeywell International (NASDAQ: HON) has exposure to a lot of high-growth areas, but you wouldn't know it from the share price. The company today trades at 24 times earnings, about the same valuation as 2020 and 30% below the company's multiple in 2021. The stock has been largely flat during that time.
Management is aware of the disconnect, and has big plans to address it.
Honeywell is a conglomerate focused on manufacturing highly engineered components for high-growth industrial end markets. But the business has been stuck in neutral. In February, Honeywell guided for first-quarter and full-year earnings significantly below Wall Street expectations.
