Royal Bank Of Canada Lowers Honeywell International (NASDAQ:HON) Price Target to $249.00

Honeywell International (NASDAQ:HON) had its price objective dropped by research analysts at Royal Bank Of Canada from $253.00 to $249.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The firm currently has an “outperform” rating on the conglomerate’s stock. Royal Bank Of Canada’s target price points to a potential upside of 15.80% from the company’s previous close.

Several other research analysts have also recently issued reports on HON. TD Cowen decreased their price objective on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a report on Monday, November 10th. Robert W. Baird cut their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Citigroup decreased their price target on Honeywell International from $267.00 to $262.00 and set a “buy” rating for the company in a research note on Monday. Wells Fargo & Company dropped their price objective on Honeywell International from $218.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group cut their price objective on Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average target price of $233.70.

Honeywell International Stock Performance

HON stock traded up $1.98 during trading on Thursday, reaching $215.02. 5,567,741 shares of the company’s stock were exchanged, compared to its average volume of 4,661,500. Honeywell International has a 1-year low of $169.21 and a 1-year high of $228.04. The firm has a market cap of $136.51 billion, a PE ratio of 22.66, a P/E/G ratio of 2.91 and a beta of 0.95. The company’s fifty day moving average price is $196.43 and its 200-day moving average price is $210.33. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. The business had revenue of $10.41 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.58 earnings per share. Honeywell International has set its FY 2025 guidance at 10.600-10.700 EPS and its Q4 2025 guidance at 2.520-2.620 EPS. On average, research analysts expect that Honeywell International will post 10.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently modified their holdings of HON. Chung Wu Investment Group LLC acquired a new position in Honeywell International in the 2nd quarter valued at $26,000. Holos Integrated Wealth LLC bought a new stake in Honeywell International during the fourth quarter valued at about $25,000. RMG Wealth Management LLC acquired a new stake in shares of Honeywell International in the second quarter valued at about $33,000. Howard Hughes Medical Institute acquired a new stake in shares of Honeywell International in the second quarter valued at about $33,000. Finally, Activest Wealth Management increased its stake in shares of Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Key Honeywell International News

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

• Positive Sentiment: Honeywell confirmed that Quantinuum plans a confidential submission of a draft S-1 to the SEC, signaling a formal path to an IPO. The move is being viewed as a step toward crystallizing value for Honeywell’s ~54% stake and could reduce the conglomerate discount if the spin or listing proceeds. Honeywell announces Quantinuum’s plan to file for IPO (Reuters)
• Positive Sentiment: Analyst/market commentary frames the Quantinuum IPO as a meaningful value-unlocking event (estimates include a potential ~$10B valuation), which could free up >$5B of implicit value, simplify Honeywell’s financials by removing a loss-making segment, and give management more capital flexibility. Honeywell: I View The Quantinuum IPO As A Decent Capital Raise (Seeking Alpha)
• Positive Sentiment: Citi reiterated a buy rating on HON, which supports investor confidence in the shares amid the IPO news and could provide buying support. Citi Sticks to Their Buy Rating for Honeywell International (Globe & Mail)
• Neutral Sentiment: Market write-ups note HON is outperforming a weaker tape today as investors digest the Quantinuum news and analyst moves; this is descriptive of price action but not new fundamental data. Honeywell International Inc. (HON) Gains As Market Dips: What You Should Know (MSN)
• Negative Sentiment: Company insiders sold roughly US$1.5M of HON shares recently, a flag some investors interpret as modest insider hesitancy; size is not large but can be read negatively in the short term. Honeywell International Insiders Sold US$1.5m Of Shares Suggesting Hesitancy (Yahoo Finance)
• Negative Sentiment: Citigroup trimmed its price target for HON to $262, which could cap upside in the near term even if the firm left its stance constructive. Citigroup Lowers Honeywell International Price Target to $262.00 (American Banking News)

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.