Honeywell International (NASDAQ:HON) Given New $270.00 Price Target at Citigroup

Honeywell International (NASDAQ:HON) had its price objective reduced by analysts at Citigroup from $279.00 to $270.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the conglomerate’s stock. Citigroup’s price target points to a potential upside of 28.79% from the stock’s current price.

HON has been the subject of a number of other research reports. Zacks Research upgraded Honeywell International from a “strong sell” rating to a “hold” rating in a report on Friday, September 4th. Royal Bank Of Canada decreased their target price on Honeywell International from $298.00 to $293.00 and set an “outperform” rating for the company in a research report on Tuesday, August 18th. Bank of America upgraded Honeywell International from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $205.00 to $265.00 in a report on Tuesday, July 28th. Wells Fargo & Company began coverage on Honeywell International in a research report on Friday, September 25th. They set an “equal weight” rating and a $231.00 price target on the stock. Finally, Melius Research downgraded Honeywell International from a “buy” rating to a “hold” rating and set a $190.00 price objective for the company. in a research note on Monday, September 14th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $250.92.

Honeywell International Trading Up 0.9%

Shares of NASDAQ:HON traded up $1.91 during mid-day trading on Monday, hitting $209.64. The stock had a trading volume of 1,666,879 shares, compared to its average volume of 3,907,031. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.93 and a current ratio of 1.21. The company has a market cap of $66.44 billion, a PE ratio of 8.10, a P/E/G ratio of 1.77 and a beta of 0.86. Honeywell International has a 12-month low of $196.59 and a 12-month high of $261.24. The company’s 50 day moving average is $217.48 and its 200-day moving average is $222.82.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 23rd. The conglomerate reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.15. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. The firm had revenue of $9.72 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same quarter last year, the business posted $1.77 EPS. The company’s revenue was up 3.4% on a year-over-year basis. 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. On average, sell-side analysts predict that Honeywell International will post 8.28 EPS for the current year.

Insiders Place Their Bets

In other Honeywell International news, CEO Kenneth West sold 17,032 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $243.77, for a total value of $4,151,890.64. Following the completion of the sale, the chief executive officer owned 2,132 shares in the company, valued at $519,717.64. This represents a 88.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors have recently modified their holdings of HON. J. Stern & Co. LLP boosted its position 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. Bank of New York Mellon Corp acquired a new position in Honeywell International in the 2nd quarter worth about $732,869,000. Diamant Asset Management Inc. acquired a new position in Honeywell International in the 1st quarter worth about $496,693,000. Public Employees Retirement System of Ohio raised its stake in shares of Honeywell International by 255.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 909,312 shares of the conglomerate’s stock worth $205,532,000 after purchasing an additional 653,249 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Honeywell International by 10.2% during the 4th quarter. Invesco Ltd. now owns 6,741,390 shares of the conglomerate’s stock worth $1,315,178,000 after purchasing an additional 625,436 shares in the last quarter. Institutional investors and hedge funds 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.