Royal Bank Of Canada Issues Pessimistic Forecast for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its price target decreased by equities researchers at Royal Bank Of Canada from $293.00 to $270.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the conglomerate’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 28.17% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Citigroup cut their target price on Honeywell International from $279.00 to $270.00 and set a “buy” rating on the stock in a research report on Monday. Wells Fargo & Company initiated coverage on Honeywell International in a report on Friday, September 25th. They issued an “equal weight” rating and a $231.00 price target on the stock. Rothschild & Co Redburn decreased their price target on shares of Honeywell International from $237.00 to $234.00 and set a “neutral” rating for the company in a research note on Friday, September 25th. Daiwa Securities Group raised shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $255.00 target price for the company in a research report on Tuesday, June 30th. Finally, Zacks Research upgraded Honeywell International from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. Thirteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $250.00.

Honeywell International Price Performance

HON stock opened at $210.65 on Wednesday. The company has a market capitalization of $66.76 billion, a P/E ratio of 8.16, a PEG ratio of 1.79 and a beta of 0.86. The company has a fifty day moving average price of $215.90 and a 200-day moving average price of $222.61. 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 has a 52-week low of $196.59 and a 52-week high of $261.24.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.15. The business had revenue of $9.72 billion during the quarter, compared to the consensus estimate of $5.03 billion. Honeywell International had a return on equity of 34.00% and a net margin of 23.90%. Honeywell International’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $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. As a group, equities analysts expect that Honeywell International will post 8.27 EPS for the current year.

Insider Buying and Selling at Honeywell International

In related news, CEO Kenneth West sold 17,032 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $243.77, for a total value of $4,151,890.64. Following the sale, the chief executive officer directly owned 2,132 shares in the company, valued at approximately $519,717.64. The trade was a 88.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

A number of large investors have recently made changes to their positions in the stock. Studio Investment Management LLC acquired a new position in Honeywell International during the 2nd quarter worth $2,578,000. Azimuth Capital Investment Management LLC acquired a new stake in shares of Honeywell International in the 2nd quarter valued at $1,448,000. Syon Capital LLC purchased a new stake in shares of Honeywell International during the 2nd quarter worth $1,320,000. Allen Mooney & Barnes Investment Advisors LLC acquired a new stake in Honeywell International in the second quarter valued at $7,202,000. Finally, Rogco LP purchased a new stake in Honeywell International during the 2nd quarter worth about $640,000. 75.91% of the stock is owned by institutional investors.

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.