Valued at a market cap of $144.9 billion, Honeywell International Inc. (HON) is a diversified global technology and manufacturing company headquartered in Charlotte, North Carolina. It provides a broad range of products and services, including aircraft engines and avionics, building control systems, industrial automation solutions, and energy-efficient technologies.

Companies worth $10 billion or more are typically classified as “large-cap stocks,” and HON fits the label perfectly, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the conglomerates industry. The company’s strengths stem from its diversified business model, global presence, and strong focus on innovation and technology. It benefits from multiple revenue streams and is resilient to market fluctuations, boasting a long-standing reputation for engineering excellence and reliability backed by significant investments in research and development.

This diversified-technology company is currently trading 7.1% below its 52-week high of $242.77, reached on Nov. 12, 2024. HON has gained 5.9% over the past three months, outpacing the Dow Jones Industrial Average’s ($DOWI) 3.5% fall during the same time frame.

In the longer term, HON has rallied 11.5% over the past 52 weeks, outperforming DOWI’s 9.4% return over the same time frame. On the other hand, shares of HON are down marginally on a YTD basis, in line with DOWI. 

To confirm its bullish trend, HON has been trading above its 200-day moving average since early May, and has remained above its 50-day moving average since late April. 

On Apr. 29, shares of HON surged 5.4% after its Q1 earnings release. The company’s revenue improved 7.9% year-over-year to $9.8 billion, primarily driven by strong growth in its aerospace technologies and building automation segments. However, this growth was partially offset by a 4% decline in revenue from the industrial automation segment. On the earnings front, its adjusted EPS of $2.51 advanced 7.3% from the year-ago quarter and topped the consensus estimates by 13.6%. 

Adding to the uptick, HON raised its fiscal 2025 adjusted EPS guidance to a range of $10.20 to $10.50, reflecting a 3% to 6% growth compared to fiscal 2024. This upward revision came despite acknowledging potential headwinds such as tariffs, mitigation actions, and global demand uncertainty. The company expects its full-year revenue to be between $39.6 billion and $40.5 billion.

HON has considerably lagged behind its rival, 3M Company (MMM), which gained 46.2% over the past 52 weeks and 13.4% on a YTD basis. 

Looking at HON’s recent outperformance relative to the Dow, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy” from the 22 analysts covering it, and the mean price target of $241.60 suggests a 7.1% premium to its current price levels.