Honeywell International (NASDAQ:HON – Free Report) had its target price increased by Citigroup from $270.00 to $271.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the conglomerate’s stock.
Several other research firms also recently commented on HON. Weiss Ratings downgraded shares of Honeywell International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, September 25th. Mizuho dropped their price target on Honeywell International from $265.00 to $255.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Morgan Stanley boosted their price objective on Honeywell International from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Monday, August 31st. Melius Research cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $190.00 price objective on the stock. in a research report on Monday, September 14th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Honeywell International from $250.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Thirteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus price target of $249.96.
Get Our Latest Stock Report on Honeywell International
Honeywell International Stock Performance
Shares of HON stock opened at $221.15 on Friday. The company has a 50 day moving average of $211.82 and a 200-day moving average of $221.86. The company has a quick ratio of 0.82, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. Honeywell International has a 12-month low of $196.59 and a 12-month high of $261.24. The firm has a market cap of $70.18 billion, a P/E ratio of 9.95, a PEG ratio of 1.61 and a beta of 0.86.
Honeywell International (NASDAQ:HON – Get Free Report) last released its earnings results on Thursday, October 22nd. The conglomerate reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.10. The business had revenue of $4.99 billion during the quarter, compared to the consensus estimate of $5.01 billion. Honeywell International had a return on equity of 25.62% and a net margin of 24.36%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the business posted $2.82 earnings per share. Sell-side analysts anticipate that Honeywell International will post 8.46 earnings per share for the current year.
Honeywell International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.80 annualized dividend and a yield of 1.3%. Honeywell International’s payout ratio is 32.12%.
Insider Transactions at Honeywell International
In other news, CEO Kenneth West sold 316 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $245.47, for a total value of $77,568.52. Following the completion of the transaction, the chief executive officer directly owned 2,004 shares in the company, valued at approximately $491,921.88. This represents a 13.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.15% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Honeywell International
Several institutional investors have recently modified their holdings of HON. Bank of New York Mellon Corp bought a new stake in shares of Honeywell International in the 2nd quarter worth approximately $732,869,000. Diamant Asset Management Inc. purchased a new position in shares of Honeywell International during the first quarter valued at approximately $496,693,000. Public Employees Retirement System of Ohio raised its holdings in shares of Honeywell International by 255.1% during the first quarter. Public Employees Retirement System of Ohio now owns 909,312 shares of the conglomerate’s stock valued at $205,532,000 after acquiring an additional 653,249 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Honeywell International by 103.4% during the first quarter. Bank of Nova Scotia now owns 1,003,413 shares of the conglomerate’s stock valued at $226,802,000 after acquiring an additional 510,208 shares in the last quarter. Finally, Rokos Capital Management LLP bought a new position in shares of Honeywell International during the first quarter valued at approximately $93,781,000. 75.91% of the stock is currently owned by institutional investors.
Key Honeywell International News
Here are the key news stories impacting Honeywell International this week:
- Positive Sentiment: Honeywell reported third-quarter adjusted EPS of $2.27, ahead of the $2.17 analyst consensus. Organic sales growth reached 7%, supported by stronger automation orders, energy projects and data-center demand. HON Q3 Earnings Beat on Automation Strength, Outlook Raised
- Positive Sentiment: Honeywell raised its 2026 EPS outlook to $8.40-$8.45, above the $8.29 consensus, while also increasing its expectations for organic sales and cash flow. Fourth-quarter EPS guidance of $2.42-$2.47 is modestly above estimates. HON Q3 Earnings Call Highlights Higher Outlook and Energy Demand
- Positive Sentiment: Citigroup raised its price target to $271 and initiated a “buy” rating, while JPMorgan increased its target to $241 and maintained an “overweight” rating. The revisions indicate analysts see additional upside from margin improvement and segment growth.
- Positive Sentiment: Honeywell launched Forge Cognition, an AI and simulation platform developed with NVIDIA and Dell Technologies to improve industrial reliability, energy efficiency and facility operations. The company is also targeting fire-prevention and security products at battery installations and data centers. Honeywell Unveils Forge Cognition
- Neutral Sentiment: Third-quarter revenue of $4.99 billion was slightly below the $5.01 billion consensus, and full-year revenue guidance of $20.0-$20.1 billion trails the $20.2 billion estimate.
- Neutral Sentiment: RBC trimmed its price target to $269 but kept an “outperform” rating, while Morgan Stanley maintained a “hold” view, signaling that valuation and execution remain potential constraints.
Honeywell International Company Profile
Honeywell International Inc is a diversified industrial technology company that develops products and systems for the aerospace, building automation, energy and industrial sectors. Its offerings include aircraft engines and avionics, industrial automation and control systems, building management technologies, fire and security products, personal protective equipment, and specialty materials and chemicals.
The company serves commercial aerospace, defense, airlines, building owners, manufacturers, energy producers and other industrial customers.
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