Honeywell International (NASDAQ:HON) Stock Price Expected to Rise, Argus Analyst Says

Honeywell International (NASDAQ:HON) had its price objective increased by stock analysts at Argus from $225.00 to $250.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has a “buy” rating on the conglomerate’s stock. Argus’ target price would indicate a potential upside of 14.85% from the company’s current price.

A number of other research firms also recently issued reports on HON. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Mizuho lowered their price target on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Evercore ISI began coverage on shares of Honeywell International in a research report on Monday, December 15th. They issued an “outperform” rating and a $255.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Finally, TD Cowen decreased their price objective on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $237.67.

Honeywell International Stock Up 1.2%

Shares of NASDAQ:HON opened at $217.68 on Wednesday. The firm has a market capitalization of $138.20 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 2.41 and a beta of 0.95. Honeywell International has a 1 year low of $169.21 and a 1 year high of $228.04. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The firm’s 50-day moving average is $198.08 and its two-hundred day moving average is $209.54.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, October 23rd. The conglomerate reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the firm posted $2.58 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Honeywell International has set its FY 2025 guidance at 10.600-10.700 EPS and its Q4 2025 guidance at 2.520-2.620 EPS. Analysts predict that Honeywell International will post 10.34 EPS for the current year.

Institutional Trading of Honeywell International

A number of institutional investors have recently made changes to their positions in HON. Chung Wu Investment Group LLC acquired a new stake in Honeywell International in the second quarter worth approximately $26,000. Holos Integrated Wealth LLC acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $25,000. RMG Wealth Management LLC acquired a new stake in Honeywell International during the second quarter valued at approximately $33,000. Howard Hughes Medical Institute bought a new stake in Honeywell International during the second quarter worth approximately $33,000. Finally, Activest Wealth Management lifted its position in shares of Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.