Summary: Honeywell is one of the largest public companies in the United States and a veteran of the aerospace and engineering industries. To buy Honeywell stock, investors can register a trading account at an online stock trading platform such as eToro.
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About Honeywell
Honeywell (NASDAQ: HON) is a multinational conglomerate operating in a number of industries, most notably aerospace, which is responsible for almost a third of the company’s overall profit. Honeywell is headquartered in Charlotte, North Carolina, and as a Dow Jones Industrial Average (DJIA) component, it is one of the largest and most profitable publicly traded companies in the United States.
How to buy Honeywell stock: Step-by-step
Blue Origin is a public company listed on the NASDAQ under the ticker symbol HON. It is also a Dow Jones Industrial Average (DJIA), NASDAQ-100, S&P 100, and S&P 500 component, meaning it’s got a spot among the 30 largest public companies in the United States.
To invest in Honeywell, investors can take the following steps:
Step 1: Choose a broker
To begin investing in Honeywell, the first step is to find the right stock broker. With many options out there, it’s important to choose one that not only aligns with your financial goals but also provides you with access to the Honeywell stock.
How to choose an online broker:
- Compare the commission fees and account maintenance charges;
- Ensure the platform has a user-friendly interface;
- Evaluate the strength of the platform’s cybersecurity protocols and verify if it has been licensed by reputable financial institutions like the Financial Industry Regulatory Authority (FINRA);
- Test the responsiveness of customer support;
- Read user reviews to see what other investors think;
- Take into account additional trading features such as research tools, educational resources, chart patterns, etc.
Our go-to broker is eToro, a regulated multi-asset brokerage with a user-friendly interface, social trading features, and other features, such as:
- Commission-free stock trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Step 2: Register and fund your brokerage account
Next, you can create an account with your preferred brokerage and deposit funds. The registration process is typically simple, as all you have to do is supply some personal and banking information and a valid identification document. However, remember that the approval process may take a few days, depending on your chosen broker.
Account funding methods usually include:
- Bank account and wire transfers;
- Third-party payment systems such as PayPal;
- Transfers from other accounts.
Note
Step 3: Place your order
Once you have funded your account, you can invest in Honeywell. To do so, you can:
- Find the Honeywell stock by looking up its ticker symbol (i.e., HOM) or looking up the company name;
- Specify the number of shares you want to buy or the dollar amount you want to invest;
- Choose the order type, i.e., limit, stop-loss, etc.;
- Double-check all details;
- Click or tap on the Buy or Trade button.
Honeywell stock price today
How to buy Honeywell stock safely
Investing is inherently risky, so you must take some precautions to make your investing experience as smooth as possible. For starters, you can try avoiding some common investing mistakes new investors make, such as:
- Not doing your own research before investing;
- Hoping to get rich overnight instead of realizing that investing in stocks is a long-term strategy;
- Letting emotions drive your investment choices;
- Investing without having an emergency fund or while being in debt.
- Making hasty decisions;
- Investing in low-priced, high-risk penny stocks;
- Not spreading diversifying your portfolio;
- Investing in Unfamiliar Industries;
- Etc.
Pros and cons of investing in Honeywell
Pros
- The company has a rising profit margin;
- A diverse portfolio of assets (the company has also been making some acquisitions in the past few years, buying, for example, Rocky Research, a thermal energy and power management company, and Sine Group, a software-as-a-service (SaaS) company providing supply chain solutions);
- Long-standing presence in the aerospace sector.
Cons
- High debt-to-equity ratio;
- Not many short-term possibilities;
- The company is largely dependent on the commercial airline industry and its success;
- Low dividend yield.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Honeywell stock
How to buy Honeywell stock?
To buy Honeywell stock, register an account at a stock trading platform such as eToro.
Is Honeywell stock a good buy?
Honeywell has a solid balance sheet and a diverse portfolio of assets. However, all investments are risky by definition, so caution is mandatory.
What is the Honeywell ticker symbol?
Honeywell is traded on the NASDAQ under the ticker symbol HON.
Can I buy Honeywell stock directly from the company?
Honeywell offers share purchasing through EQ Shareowner Services.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
