Honeywell International (NASDAQ:HON) Price Target Raised to $276.00

Honeywell International (NASDAQ:HON) had its price objective increased by stock analysts at The Goldman Sachs Group from $258.00 to $276.00 in a research note issued on Wednesday,MarketScreener reports. The brokerage presently has a “buy” rating on the conglomerate’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 17.23% from the company’s current price.

A number of other brokerages have also commented on HON. Argus increased their price target on Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Weiss Ratings downgraded Honeywell International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Morgan Stanley increased their target price on shares of Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a report on Thursday, March 12th. Citigroup cut their target price on shares of Honeywell International from $265.00 to $257.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $268.00 price target on shares of Honeywell International in a report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and an average target price of $248.04.

Honeywell International Price Performance

Shares of Honeywell International stock traded up $0.21 during trading on Wednesday, reaching $235.44. 458,036 shares of the stock traded hands, compared to its average volume of 4,218,392. The company has a market capitalization of $149.19 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 3.38 and a beta of 0.85. The business has a fifty day simple moving average of $223.75 and a two-hundred day simple moving average of $218.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.39 and a quick ratio of 1.10. Honeywell International has a 52-week low of $186.76 and a 52-week high of $248.18.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.13. The firm had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $9.30 billion. Honeywell International had a net margin of 11.37% and a return on equity of 42.29%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.21 EPS. Honeywell International has set its FY 2026 guidance at 10.350-10.650 EPS and its Q2 2026 guidance at 2.350-2.450 EPS. Sell-side analysts expect that Honeywell International will post 10.53 EPS for the current year.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors have recently modified their holdings of the business. Verus Capital Partners LLC raised its position in shares of Honeywell International by 0.7% in the fourth quarter. Verus Capital Partners LLC now owns 6,658 shares of the conglomerate’s stock valued at $1,299,000 after buying an additional 44 shares during the last quarter. Claro Advisors Inc. boosted its position in Honeywell International by 0.3% during the fourth quarter. Claro Advisors Inc. now owns 13,930 shares of the conglomerate’s stock worth $2,718,000 after acquiring an additional 45 shares during the last quarter. FSM Wealth Advisors LLC grew its stake in Honeywell International by 1.1% during the 4th quarter. FSM Wealth Advisors LLC now owns 4,231 shares of the conglomerate’s stock valued at $825,000 after acquiring an additional 46 shares in the last quarter. Meridian Financial Partners LLC grew its stake in Honeywell International by 3.8% during the 4th quarter. Meridian Financial Partners LLC now owns 1,258 shares of the conglomerate’s stock valued at $245,000 after acquiring an additional 46 shares in the last quarter. Finally, Facet Wealth Inc. raised its holdings in Honeywell International by 3.6% in the 4th quarter. Facet Wealth Inc. now owns 1,343 shares of the conglomerate’s stock valued at $291,000 after acquiring an additional 47 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

About Honeywell International

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.