Honeywell International Inc. (HON) is a global conglomerate focused on diversified technology and manufacturing operations. It specializes in aerospace systems, building automation, industrial automation, performance materials and security solutions. The company is headquartered in Charlotte, North Carolina. It has a market cap of $151.34 billion.

Over the past 52 weeks, shares of Honeywell have gained 23.7%. On the back of a record portfolio and strong guidance through 2026, the stock is up 22.9% year-to-date (YTD). Amid positive momentum, it hit a 52-week high of $240.95 on February 9 and has only marginally fallen from that level.

The S&P 500 ($SPX) is up 15.6% over the past 52 weeks and up 1.7% for the year. Therefore, the stock has outperformed the broad market during these periods. The State Street Industrial Select Sector SPDR ETF ( XLI ) is up 26.5% over the past 52 weeks, outperforming Honeywell, while up 12% YTD, underperforming the stock.

For the fourth quarter of fiscal 2025, Honeywell reported 6% year-over-year growth in its top line to $9.76 billion, while it posted 11% organic growth. However, the maximum number did not correspond to the estimates of Wall Street analysts. On an adjusted basis, the company’s sales grew 10% year over year. Honeywell’s adjusted EPS grew 17% from the year-ago period to $2.59, beating estimates.

The company exited 2025 with a record portfolio of more than $37 billion. It is also on track to spin off Honeywell Aerospace into an independent publicly traded company in the third quarter of 2026.

For the current quarter, Street analysts expect Honeywell’s profit to fall 7.6% year-over-year to $2.32 per diluted share, while for the current year, it is expected to rise 7.5% to $10.51 per diluted share, followed by 8.6% growth to $11.41 per diluted share next year. The company also has a strong track record of beating consensus estimates, beating them in each of the following four quarters.

Among the 23 Wall Street analysts covering Honeywell stock, the consensus is a “moderate buy.” It is based on 11 “Strong Buy”, one “Moderate Buy”, 10 “Hold” and one “Moderate Sell” ratings. The rating setup has become more bullish than a month ago, with the number of “Strong Buy” ratings increasing from 10 to 11.

Last month, analysts at JPMorgan upgraded the stock from “Neutral” to “Overweight” and raised their price target from $218 to $255. JPMorgan has been more bullish on Honeywell, citing a clear valuation discount. The stock trades below the sum of its parts, and analysts note a wide gap between the stock price and Honeywell’s underlying assets, particularly in its aerospace segment.

Honeywell’s average price target of $244.64 indicates a 2% upside from current market prices. Additionally, the Street price target of $273 implies a potential upside of 13.8%.

As of the date of publication, Anushka Dutta had no positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. This article was originally published on Barchart.com