Honeywell International (NASDAQ:HON) Price Target Lowered to $293.00 at Royal Bank Of Canada

Honeywell International (NASDAQ:HON) had its target price decreased by analysts at Royal Bank Of Canada from $298.00 to $293.00 in a report released on Tuesday,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 27.70% from the company’s current price.

A number of other brokerages also recently commented on HON. JPMorgan Chase & Co. lowered their target price on Honeywell International from $262.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday. Morgan Stanley lowered their price target on Honeywell International from $490.00 to $245.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. Wolfe Research raised shares of Honeywell International to a “hold” rating in a research report on Monday, June 29th. Bank of America raised shares of Honeywell International from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $205.00 to $265.00 in a research report on Tuesday, July 28th. Finally, Mizuho upped their price objective on shares of Honeywell International from $240.00 to $265.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Thirteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus price target of $253.83.

Honeywell International Trading Down 1.9%

Shares of NASDAQ HON opened at $229.45 on Tuesday. The firm has a market capitalization of $72.72 billion, a PE ratio of 8.87, a PEG ratio of 5.24 and a beta of 0.89. Honeywell International has a one year low of $196.59 and a one year high of $261.24. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 1.39. The business has a 50-day moving average price of $231.17 and a two-hundred day moving average price of $229.84.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 23rd. The conglomerate reported $1.95 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 the consensus estimate of $5.03 billion. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm 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, analysts predict that Honeywell International will post 8.25 earnings per share for the current fiscal year.

Insider Transactions at Honeywell International

In other news, CEO Kenneth J. West sold 316 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $245.47, for a total transaction of $77,568.52. Following the completion of the transaction, the chief executive officer owned 2,004 shares of the company’s stock, valued at approximately $491,921.88. This represents a 13.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is owned by corporate insiders.

Institutional Trading of Honeywell International

Institutional investors and hedge funds have recently modified their holdings of the company. Caitlin John LLC increased its holdings in Honeywell International by 138.9% in the 4th 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 acquired a new position in Honeywell International in the fourth quarter worth about $26,000. Hilton Head Capital Partners LLC bought a new position in Honeywell International during the fourth quarter worth about $28,000. University of Texas Texas AM Investment Management Co. bought a new position in Honeywell International during the fourth quarter worth about $28,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in Honeywell International during the fourth quarter valued at approximately $29,000. 75.91% of the stock is currently owned by 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.