Honeywell International (NASDAQ:HON) Price Target Cut to $249.00 by Analysts at Royal Bank Of Canada

Honeywell International (NASDAQ:HON) had its price target decreased by equities research analysts at Royal Bank Of Canada from $253.00 to $249.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage currently has an “outperform” rating on the conglomerate’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 15.80% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group reduced their target price on Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Rothschild & Co Redburn reduced their price target on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. The Goldman Sachs Group lowered their price objective on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. BNP Paribas Exane started coverage on shares of Honeywell International in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 target price for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $233.70.

Honeywell International Trading Up 0.9%

HON stock traded up $1.98 during trading on Thursday, reaching $215.02. 5,567,741 shares of the stock were exchanged, compared to its average volume of 4,661,500. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The business has a 50 day moving average price of $196.43 and a 200-day moving average price of $210.33. Honeywell International has a 1 year low of $169.21 and a 1 year high of $228.04. The firm has a market capitalization of $136.51 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 2.91 and a beta of 0.95.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.25. The business had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.58 EPS. Honeywell International has set its FY 2025 guidance at 10.600-10.700 EPS and its Q4 2025 guidance at 2.520-2.620 EPS. On average, research analysts predict that Honeywell International will post 10.34 earnings per share for the current year.

Institutional Investors Weigh In On Honeywell International

Several institutional investors and hedge funds have recently made changes to their positions in the company. BTC Capital Management Inc. increased its position in Honeywell International by 23.0% in the fourth quarter. BTC Capital Management Inc. now owns 26,255 shares of the conglomerate’s stock worth $5,118,000 after buying an additional 4,912 shares during the period. Fifth Third Wealth Advisors LLC grew its position in shares of Honeywell International by 7.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 28,095 shares of the conglomerate’s stock worth $5,481,000 after acquiring an additional 2,013 shares during the last quarter. Rockland Trust Co. increased its holdings in shares of Honeywell International by 5.8% in the 4th quarter. Rockland Trust Co. now owns 127,647 shares of the conglomerate’s stock worth $24,903,000 after acquiring an additional 6,954 shares during the period. Royal Fund Management LLC bought a new stake in Honeywell International in the 4th quarter valued at about $320,000. Finally, Silver Oak Securities Incorporated lifted its position in Honeywell International by 6.9% in the 4th quarter. Silver Oak Securities Incorporated now owns 2,575 shares of the conglomerate’s stock valued at $506,000 after purchasing an additional 167 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

More Honeywell International News

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Honeywell confirmed that Quantinuum plans a confidential submission of a draft S-1 to the SEC, signaling a formal path to an IPO. The move is being viewed as a step toward crystallizing value for Honeywell’s ~54% stake and could reduce the conglomerate discount if the spin or listing proceeds. Honeywell announces Quantinuum’s plan to file for IPO (Reuters)
• Positive Sentiment: Analyst/market commentary frames the Quantinuum IPO as a meaningful value-unlocking event (estimates include a potential ~$10B valuation), which could free up >$5B of implicit value, simplify Honeywell’s financials by removing a loss-making segment, and give management more capital flexibility. Honeywell: I View The Quantinuum IPO As A Decent Capital Raise (Seeking Alpha)
• Positive Sentiment: Citi reiterated a buy rating on HON, which supports investor confidence in the shares amid the IPO news and could provide buying support. Citi Sticks to Their Buy Rating for Honeywell International (Globe & Mail)
• Neutral Sentiment: Market write-ups note HON is outperforming a weaker tape today as investors digest the Quantinuum news and analyst moves; this is descriptive of price action but not new fundamental data. Honeywell International Inc. (HON) Gains As Market Dips: What You Should Know (MSN)
• Negative Sentiment: Company insiders sold roughly US$1.5M of HON shares recently, a flag some investors interpret as modest insider hesitancy; size is not large but can be read negatively in the short term. Honeywell International Insiders Sold US$1.5m Of Shares Suggesting Hesitancy (Yahoo Finance)
• Negative Sentiment: Citigroup trimmed its price target for HON to $262, which could cap upside in the near term even if the firm left its stance constructive. Citigroup Lowers Honeywell International Price Target to $262.00 (American Banking News)

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.