HON Stock Is Undervalued Relative to Its Peers
Are you looking to invest in a stable and profitable company? Look no further than HON stock! Honeywell International, Inc. is a multinational conglomerate that operates in various industries including aerospace, building technologies, and performance materials. In this blog post, we’ll explore three reasons why investing in HON stock may be the right move for you. So sit back, relax, and read on to discover how HON can help boost your investment portfolio!
HON Has a Solid Dividend and Share Repurchase Program
HON is one of the oldest and most established companies in the Dow Jones Industrial Average, with a history dating back to 1885. The company has a strong dividend program, paying out dividends for more than 125 years. Currently, HON pays an annual dividend of $3.12 per share, yielding 3.2%.
In addition to its strong dividend program, HON also has an active share repurchase program. Since 2011, HON has repurchased more than $15 billion of its own stock. This share repurchase program has helped to drive shareholder value and support the stock price during periods of market volatility.
HON Is Positioned for Growth in Several Key Markets
HON is positioned for growth in several key markets. The company’s products are well-positioned in the market and its customer base is growing. In addition, HON has a strong financial position and is well-positioned to invest in new growth opportunities.
Commercial Aviation and Space Are Growth Drivers for HON
Commercial aviation and space are two of the most important growth drivers for Honeywell International Inc. (HON). The company provides a variety of products and services to both industries, including engines, avionics, and environmental control systems.
In the commercial aviation industry, Honeywell is a leading supplier of jet engines, turbochargers, and other engine components. The company is also a major provider of avionics, which are the electronic systems that control an aircraft. In addition, Honeywell produces environmental control systems that regulate an aircraft’s cabin temperature and pressure.
The space industry is another important growth driver for Honeywell. The company provides a range of products and services to the sector, including propulsion systems, spacecraft power management systems, and radiation-hardened electronics. Honeywell is also a leading provider of launch services, which are used to send satellites and other payloads into orbit.
HON Has a Proven Track Record of Outperformance
HON has consistently outperformed the market for over two decades. The company’s share price has quadrupled since it went public in 1995, while the S&P 500 has only doubled during that time period.
What’s even more impressive is that HON has handily outperformed its peers in the Dow Jones Industrial Average over the last 20 years. During that time, HON has returned an annualized 13% compared to just 8% for the Dow Jones Industrial Average.
There are a number of reasons for HON’s outperformance. First, the company has a strong competitive advantage thanks to its leading market position and world-class brands. Second, HON is extremely well-managed, with a long history of shareholder-friendly actions such as share repurchases and dividend increases.
HON is a great way to play the global growth story. The company generates over 60% of its revenue from outside the United States, and that percentage is only going to grow in the years ahead.