5 Set-It-and-Forget-It Stocks to Buy Right Now

3. Honeywell International Inc. (NASDAQ:HON)

Honeywell International Inc. (NASDAQ:HON) ranks among the best set-it-and-forget-it stocks to buy right now. Following the company’s investor day event, which featured panels, presentations, and meetings with the management team, Mizuho reaffirmed an Outperform rating on Honeywell International Inc. (NASDAQ:HON) with a $240 price target on June 12. Notably, the company announced its three-year financial targets at the event, which include 4% to 6% organic growth and over 60 basis points in annual margin growth.

Mizuho observed that the investor day’s tone was optimistic and self-assured, emphasizing physical AI momentum, portfolio change, and a business strategy focused on developing and refining the existing base.

However, the firm stated that management must demonstrate increased development following weak performance in recent years, notably in the Industrial Automation and Process Automation & Technology segments. According to Mizuho, if the expected 3-4% like-for-like pricing impact is achieved over the coming three years, the base volume estimates appear cautious considering the low levels across several divisions.

Honeywell International Inc. (NASDAQ:HON) operates across multiple business areas, including industrial automation, aerospace technologies, building automation, and energy and sustainable solutions. The company operates across Europe, the United States, and other international markets.