Honeywell International (NASDAQ:HON) Upgraded at Bank of America

Bank of America upgraded shares of Honeywell International (NASDAQ:HON) from an underperform rating to a neutral rating in a research note issued to investors on Tuesday, Marketbeat.com reports. Bank of America currently has $265.00 price target on the conglomerate’s stock, up from their previous price target of $205.00.

Several other research firms have also issued reports on HON. Weiss Ratings lowered Honeywell International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Morgan Stanley lowered their price objective on Honeywell International from $490.00 to $245.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Royal Bank Of Canada increased their price objective on Honeywell International from $272.00 to $298.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. cut their target price on shares of Honeywell International from $260.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Finally, Citigroup lifted their target price on shares of Honeywell International from $260.00 to $279.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Thirteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $254.25.

Honeywell International Stock Performance

Honeywell International stock opened at $241.91 on Tuesday. The firm has a fifty day simple moving average of $228.15 and a two-hundred day simple moving average of $227.92. The company has a quick ratio of 0.93, a current ratio of 1.21 and a debt-to-equity ratio of 1.39. Honeywell International has a twelve month low of $196.59 and a twelve month high of $261.24. The company has a market capitalization of $76.67 billion, a PE ratio of 9.35, a P/E/G ratio of 5.40 and a beta of 0.90.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.15. The firm had revenue of $9.72 billion for 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 for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $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. Research analysts expect that Honeywell International will post 8.25 EPS for the current year.

Honeywell International Cuts Dividend

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

Insider Activity at Honeywell International

In related news, CEO Kenneth J. West sold 17,032 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer owned 2,132 shares of the company’s stock, valued at $519,717.64. This trade represents a 88.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Caitlin John LLC increased its position in shares of Honeywell International by 138.9% during the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock valued at $25,000 after buying an additional 75 shares during the period. Ares Financial Consulting LLC bought a new position in Honeywell International in the fourth quarter worth about $26,000. Hilton Head Capital Partners LLC purchased a new stake in Honeywell International in the fourth quarter worth about $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Honeywell International in the fourth quarter worth about $28,000. Finally, JPL Wealth Management LLC bought a new stake in Honeywell International during the 3rd quarter valued at approximately $31,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

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.