Honeywell International (NASDAQ:HON) Price Target Raised to $250.00

Honeywell International (NASDAQ:HON) had its target price lifted by Morgan Stanley from $245.00 to $250.00 in a research report sent to investors on Monday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the conglomerate’s stock.

Several other equities research analysts have also recently issued reports on the stock. Zacks Research cut shares of Honeywell International from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Rothschild & Co Redburn dropped their price target on Honeywell International from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Jefferies Financial Group initiated coverage on Honeywell International in a report on Monday, August 17th. They issued a “hold” rating and a $255.00 price target for the company. The Goldman Sachs Group raised their price objective on shares of Honeywell International from $258.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Wolfe Research raised shares of Honeywell International to a “hold” rating in a research note on Monday, June 29th. Thirteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $254.04.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $206.07 on Monday. The firm has a market cap of $65.31 billion, a PE ratio of 7.97, a PEG ratio of 3.52 and a beta of 0.88. The firm has a fifty day moving average of $229.56 and a 200 day moving average of $228.43. 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 one year low of $196.59 and a one year high of $261.24.

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 the consensus estimate of $1.80 by $0.15. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. The firm had revenue of $9.72 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the prior year, the firm earned $1.77 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. 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, research analysts predict that Honeywell International will post 8.29 EPS for the current fiscal year.

Honeywell International Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. Honeywell International’s dividend payout ratio (DPR) is currently 36.80%.

Insider Transactions at Honeywell International

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

Institutional Trading of Honeywell International

Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System purchased a new stake in Honeywell International during the 2nd quarter worth approximately $28,209,206,000. J. Stern & Co. LLP boosted its position in Honeywell International by 22,704.6% in the 4th quarter. J. Stern & Co. LLP now owns 53,209,042 shares of the conglomerate’s stock valued at $10,380,552,000 after buying an additional 52,975,716 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Honeywell International in the second quarter worth $732,869,000. Diamant Asset Management Inc. acquired a new position in shares of Honeywell International in the first quarter worth $496,693,000. Finally, Mizuho Markets Americas LLC increased its position in shares of Honeywell International by 921.0% during the fourth quarter. Mizuho Markets Americas LLC now owns 2,042,000 shares of the conglomerate’s stock worth $398,374,000 after acquiring an additional 1,842,000 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

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.