Honeywell International (NASDAQ:HON) Price Target Raised to $298.00

Honeywell International (NASDAQ:HON) had its price objective hoisted by Royal Bank Of Canada from $272.00 to $298.00 in a report issued on Friday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the conglomerate’s stock.

A number of other brokerages have also issued reports on HON. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Honeywell International from $250.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Rothschild & Co Redburn lowered their target price on shares of Honeywell International from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Daiwa Securities Group upgraded shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $255.00 target price for the company in a research report on Tuesday, June 30th. Wolfe Research raised shares of Honeywell International to a “hold” rating in a research note on Monday, June 29th. Finally, Morgan Stanley cut their target price on shares of Honeywell International from $490.00 to $245.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. Thirteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $259.54.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $243.15 on Friday. The company has a market capitalization of $77.06 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 5.49 and a beta of 0.90. The company has a quick ratio of 0.93, a current ratio of 1.21 and a debt-to-equity ratio of 1.39. The stock’s 50-day simple moving average is $226.15 and its 200-day simple moving average is $226.80. Honeywell International has a 52 week low of $196.59 and a 52 week high of $261.24.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.15. The firm had revenue of $9.72 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Honeywell International had a return on equity of 34.00% and a net margin of 23.90%.The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $1.77 earnings per share. Honeywell International has set its Q3 2026 guidance at 2.050-2.200 EPS and its Q4 2026 guidance at 2.280-2.430 EPS. As a group, analysts expect that Honeywell International will post 8.19 earnings per share for the current fiscal year.

Honeywell International Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.80 dividend on an annualized basis and a yield of 1.2%. Honeywell International’s payout ratio is presently 36.80%.

Institutional Trading of Honeywell International

Several hedge funds have recently modified their holdings of HON. Caitlin John LLC raised its stake in Honeywell International by 138.9% during the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 75 shares in the last quarter. Ares Financial Consulting LLC purchased a new position in shares of Honeywell International in the 4th quarter worth $26,000. Hilton Head Capital Partners LLC bought a new stake in shares of Honeywell International in the 4th quarter worth about $28,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Honeywell International in the 4th quarter worth about $28,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at about $31,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International News Roundup

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Honeywell beat Q2 expectations, reporting EPS of $1.95 and revenue of $9.72 billion, with organic sales up 4% and orders up 16%; management also highlighted stronger backlog and improving demand in automation and building systems. Honeywell Technologies Reports Second Quarter Results
• Positive Sentiment: Honeywell raised its full-year outlook and several analysts lifted price targets, including Citigroup to $279 and RBC to $298, signaling confidence in the company’s growth and margin outlook. Analyst price target updates
• Positive Sentiment: Management emphasized the next phase of Honeywell’s transformation toward a more focused automation company, which investors may view as a potential catalyst for higher margins and simpler execution. HON Q2 Earnings Call Highlights Automation Growth Push
• Neutral Sentiment: The board declared a quarterly dividend of CAD 0.70 per share, reinforcing Honeywell’s shareholder-return profile but not likely to move the stock on its own. Honeywell Technologies Announces Quarterly Dividend
• Neutral Sentiment: Short-interest data showed essentially no short interest, so this does not appear to be a meaningful trading factor for the stock right now.
• Negative Sentiment: Despite the upbeat quarter, Honeywell’s updated Q3 and Q4 EPS guidance came in below some Wall Street expectations, which may temper enthusiasm around the earnings beat. Honeywell earnings call and guidance details

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.