Honeywell International (NASDAQ:HON) Price Target Raised to $279.00

Honeywell International (NASDAQ:HON) had its price objective increased by Citigroup from $260.00 to $279.00 in a research report sent to investors on Friday morning,Benzinga reports. Citigroup currently has a buy rating on the conglomerate’s stock.

A number of other brokerages have also recently weighed in on HON. Zacks Research cut shares of Honeywell International from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. The Goldman Sachs Group raised their target price on Honeywell International from $258.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Weiss Ratings cut shares of Honeywell International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Wells Fargo & Company decreased their price objective on Honeywell International from $235.00 to $230.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Finally, Jefferies Financial Group dropped their price target on Honeywell International from $245.00 to $240.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $259.54.

Honeywell International Stock Performance

HON opened at $243.15 on Friday. Honeywell International has a one year low of $196.59 and a one year high of $261.24. The business’s 50 day moving average price is $226.15 and its 200 day moving average price is $226.80. The stock has a market capitalization of $77.06 billion, a PE ratio of 9.40, a P/E/G ratio of 5.49 and a beta of 0.90. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.93 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.15. The business 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 company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.77 EPS. 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, equities research analysts expect that Honeywell International will post 8.19 EPS for the current year.

Honeywell International Cuts Dividend

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

Institutional Trading of Honeywell International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vaquero Private Wealth Ltd. purchased a new stake in shares of Honeywell International in the second quarter valued at $172,000. LifeSteps Financial Inc. acquired a new position in Honeywell International in the second quarter valued at $109,000. Larry Mathis Financial Planning LLC purchased a new position in Honeywell International during the second quarter worth about $313,000. Mcrae Capital Management Inc. lifted its position in Honeywell International by 160.1% during the second quarter. Mcrae Capital Management Inc. now owns 27,085 shares of the conglomerate’s stock worth $6,071,000 after buying an additional 16,673 shares during the period. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in Honeywell International in the 2nd quarter worth about $285,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

More Honeywell International News

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

Honeywell International Company Profile

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.