With a short percentage of shares outstanding of 2.18%, Honeywell International Inc. (NASDAQ:HON) is among the 7 Best Fusion Energy Development Stocks to Buy.
On June 30, Daiwa upgraded Honeywell International Inc. (NASDAQ:HON) to Outperform from Neutral and raised its price target to $255 from $240 following the successful completion of the company’s aerospace spin-off on June 29
The firm believes the separation leaves Honeywell with a more focused portfolio and stronger strategic positioning, creating greater leverage for operational execution and capital allocation. Daiwa also cited the remaining company’s solid earnings growth potential, arguing that its streamlined business mix should enable management to better capitalize on attractive opportunities across industrial automation, energy, and advanced technologies. Earlier, on June 11, Barron’s identified Honeywell International Inc. (NASDAQ:HON) as an attractively valued investment, arguing that the market continues to value the company as a traditional conglomerate rather than recognizing the worth of its individual businesses.
The publication stated that the corporate separation will provide investors with a pure-play aerospace company benefiting from high-margin aftermarket revenue and favorable long-term trends in commercial aviation and defense. Barron’s also suggested that Honeywell’s standalone automation business could command a higher valuation while highlighting the company’s ownership stake in quantum computing company Quantinuum as an additional source of upside that may not yet be fully reflected in the share price. Founded in 1906 and headquartered in Charlotte, North Carolina, Honeywell International Inc. (NASDAQ:HON) is a diversified industrial technology company that develops software, aerospace systems, industrial automation solutions, and advanced building technologies.