Honeywell International (NASDAQ:HON) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Honeywell International (NASDAQ:HON) had its target price decreased by JPMorgan Chase & Co. from $255.00 to $240.00 in a research note published on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the conglomerate’s stock.

Several other research analysts have also commented on the stock. Mizuho lifted their price target on shares of Honeywell International from $240.00 to $265.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Citigroup increased their price objective on shares of Honeywell International from $260.00 to $279.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Wells Fargo & Company assumed coverage on shares of Honeywell International in a report on Friday, September 25th. They issued an “equal weight” rating and a $231.00 target price on the stock. Daiwa Securities Group raised shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $255.00 target price on the stock in a report on Tuesday, June 30th. Finally, Morgan Stanley lifted their target price on Honeywell International from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, August 31st. Thirteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $251.28.

Honeywell International Stock Performance

Honeywell International stock opened at $207.73 on Friday. The company has a market cap of $65.84 billion, a PE ratio of 8.03, a P/E/G ratio of 1.77 and a beta of 0.86. The company has a fifty day moving average price of $217.48 and a two-hundred day moving average price of $222.82. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.21 and a quick ratio of 0.93. Honeywell International has a 12 month low of $196.59 and a 12 month 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 for the quarter, beating the consensus estimate of $1.80 by $0.15. The firm had revenue of $9.72 billion during the quarter, compared to analyst estimates of $5.03 billion. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. Research analysts expect that Honeywell International will post 8.28 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be given a $0.70 dividend. 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 dividend payout ratio (DPR) is currently 36.80%.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Kenneth West sold 316 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $245.47, for a total value of $77,568.52. Following the sale, the chief executive officer directly owned 2,004 shares in the company, valued at approximately $491,921.88. This trade represents a 13.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

Several institutional investors have recently modified their holdings of HON. J. Stern & Co. LLP grew its holdings in Honeywell International by 22,704.6% during the fourth quarter. J. Stern & Co. LLP now owns 53,209,042 shares of the conglomerate’s stock valued at $10,380,552,000 after purchasing an additional 52,975,716 shares during the last quarter. State Street Corp lifted its stake in shares of Honeywell International by 3.4% in the fourth quarter. State Street Corp now owns 31,677,082 shares of the conglomerate’s stock worth $6,179,882,000 after buying an additional 1,031,897 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Honeywell International by 0.3% in the first quarter. Bank of America Corp DE now owns 9,124,527 shares of the conglomerate’s stock worth $2,062,417,000 after buying an additional 31,551 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Honeywell International by 10.2% in the fourth quarter. Invesco Ltd. now owns 6,741,390 shares of the conglomerate’s stock worth $1,315,178,000 after buying an additional 625,436 shares during the last quarter. Finally, Nuveen LLC boosted its holdings in shares of Honeywell International by 21.5% during the 4th quarter. Nuveen LLC now owns 6,512,470 shares of the conglomerate’s stock worth $1,270,518,000 after buying an additional 1,153,931 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc is a diversified technology and manufacturing company that develops products and systems for the aerospace, building automation, industrial automation, and energy markets. Its offerings include aircraft engines and auxiliary power units, avionics, flight-safety and control systems, building-management and security technologies, industrial control systems, sensors, software, and workplace safety products.

The company serves commercial and defense aerospace customers, building owners and operators, manufacturers, utilities, and other industrial businesses.