Honeywell International (NASDAQ:HON) Coverage Initiated by Analysts at Sanford C. Bernstein

Equities research analysts at Sanford C. Bernstein started coverage on shares of Honeywell International (NASDAQ:HON) in a report released on Wednesday. The firm set a “market perform” rating and a $233.00 price target on the conglomerate’s stock. Sanford C. Bernstein’s target price points to a potential upside of 8.02% from the stock’s previous close.

A number of other analysts also recently commented on HON. Argus increased their price target on Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Rothschild & Co Redburn decreased their price target on Honeywell International from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft decreased their price target on Honeywell International from $255.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Morgan Stanley increased their price target on Honeywell International from $235.00 to $245.00 and gave the company an “equal weight” rating in a research report on Thursday, March 12th. Finally, TD Cowen decreased their target price on Honeywell International from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $247.13.

Honeywell International Price Performance

Honeywell International stock opened at $215.70 on Wednesday. Honeywell International has a 52 week low of $186.76 and a 52 week high of $248.18. The company’s 50 day moving average price is $223.29 and its two-hundred day moving average price is $219.19. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.98. The stock has a market cap of $136.68 billion, a P/E ratio of 30.55, a P/E/G ratio of 3.02 and a beta of 0.85.

Honeywell International shares are set to reverse split before the market opens on Monday, June 29th. The 1-2 reverse split was announced on Friday, June 5th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, June 26th.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.13. The company had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.30 billion. Honeywell International had a return on equity of 42.29% and a net margin of 11.37%.Honeywell International’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business posted $2.21 earnings per share. 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. On average, equities analysts predict that Honeywell International will post 10.54 earnings per share for the current year.

Hedge Funds Weigh In On Honeywell International

A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its holdings in shares of Honeywell International by 3.1% in the first quarter. NewEdge Advisors LLC now owns 378,454 shares of the conglomerate’s stock worth $85,542,000 after acquiring an additional 11,353 shares during the period. Blue Edge Capital LLC bought a new stake in Honeywell International during the first quarter valued at $221,000. Caerus Investment Advisors LLC bought a new stake in Honeywell International during the first quarter valued at $412,000. First Nebraska Trust Co bought a new stake in Honeywell International during the first quarter valued at $7,352,000. Finally, Financial Solutions Advisory Group Inc. bought a new stake in Honeywell International during the first quarter valued at $362,000. 75.91% of the stock is owned by institutional investors.

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.