Honeywell International Inc

HON: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$122.00	Pqls	Yhhrwxgln

Honeywell Earnings: Double-Digit Aerospace Growth Paves Way for Strong Quarter

Jul 25, 2024

Wide-moat Honeywell's second-quarter sales of $9.6 billion came in at the high end of management's guidance, while adjusted EPS of $2.49 was above guidance. However, management lowered its full-year outlook due to industrial sector weakness, sending shares down more than 4% in intraday trading on July 25. We've lowered our fair value estimate to $226 per share from $238 to reflect muted near-term expectations as Honeywell integrates three acquisitions representing over $8.6 billion in aggregate spending.

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