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HON

Honeywell International Inc

NASDAQ: HON · INDUSTRIALS · CONGLOMERATES

$214.33
+1.92% today

Updated 2026-04-30

Market cap
$135.81B
P/E ratio
34.18
P/S ratio
3.61x
EPS (TTM)
$6.27
Dividend yield
2.21%
52W range
$186 – $248
Volume
3.8M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Honeywell International Inc (HON) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$214.33
Consensus
$252.23
+17.68%
2030 Target
$1,009.58
+371.04%
DCF
—
—
13 analysts:
7 Buy3 Hold3 Sell

Management guidance

Honeywell management has not publicly disclosed specific revenue targets for 2026-2030 in the available research data. However, CEO Vimal Kapur has emphasized the company's focus on defense/aerospace growth, AI-powered building automation, and the planned Q3 2026 separation of Honeywell Aerospace, which is expected to unlock value and accelerate growth trajectories for both business units post-split.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,674.99
$52.8B Rev × 20x P/S
Base case (2030)
$1,009.58
$52.8B Rev × 12x P/S
Bear case (2030)
$665.41
$52.8B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$36.7B$34.7B$37.4B$40.0B$42.3B$45.3B$48.9B$52.8B
Revenue growth—-5.3%7.8%6.8%5.9%7.0%7.9%8.0%
EPS$9.17$9.79$10.67$10.64$11.62$12.80$14.10$15.65
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$757.19$803.08$848.97$917.80$1,009.58

Catalysts & risks

Growth catalysts
+ Honeywell Aerospace spin-off completion (Q3 2026) — unlocks separate growth profiles for defense-focused aerospace unit and automation/building tech unit
+ Defense spending surge — $16B aerospace bond offering, Department of War partnership for weapons production quadrupling, Iran conflict driving defense budget increases
+ AI-powered building automation expansion — Rhombus partnership launching AI security platform; LenelS2 integration driving recurring SaaS revenue
+ Commercial aviation aftermarket recovery — organic aerospace revenue growth accelerating; commercial fleet expansion and aging fleet modernization driving Parts & Services demand
+ Sustainable aviation fuel (SAF) technology — Phelan Green selected Honeywell UOP Ecofining for South Africa facility; global SAF mandate adoption driving technology licensing and equipment sales
Key risks
- Aerospace spin-off execution risk — separation could create near-term disruption; market may re-rate both entities as standalone companies with different risk profiles
- Geopolitical uncertainty — Iran conflict and escalating Middle East tensions could impact supply chains and demand from commercial aviation; military spending upside offset by commercial aviation downside
- Valuation compression post-spin — current P/E of 32.9x is elevated; market may reprice both entities lower than sum-of-parts analysis suggests
- Interest rate sensitivity — $34.6B total debt; rising rates increase borrowing costs; aerospace spin financing could dilute earnings
- Competitive intensity in building automation — traditional HVAC/controls market facing margin pressure; AI security competition from Rhombus, Johnson Controls, Schneider Electric

Methodology

Honeywell International Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 13 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.