Honeywell International (NASDAQ:HON) Given New $279.00 Price Target at Citigroup

Honeywell International (NASDAQ:HON) had its target price raised by Citigroup from $260.00 to $279.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the conglomerate’s stock.

Several other research analysts have also recently issued reports on HON. Rothschild & Co Redburn dropped their price target on Honeywell International from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Barclays decreased their target price on Honeywell International from $251.00 to $239.00 and set an “overweight” rating on the stock in a report on Wednesday, June 10th. Wells Fargo & Company cut their target price on Honeywell International from $235.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Honeywell International from $250.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Honeywell International in a report on Friday, June 5th. Thirteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $259.54.

Honeywell International Trading Down 1.3%

Shares of Honeywell International stock opened at $243.15 on Friday. The business has a fifty day simple moving average of $226.15 and a 200-day simple moving average of $226.62. Honeywell International has a fifty-two week low of $196.59 and a fifty-two week high of $261.24. The firm has a market cap of $77.04 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 5.55 and a beta of 0.90. The company has a quick ratio of 1.10, a current ratio of 1.21 and a debt-to-equity ratio of 1.39.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 23rd. The conglomerate reported $1.95 EPS 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 for the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the previous year, the business earned $1.77 earnings per share. Honeywell International’s revenue for the quarter was up 3.4% compared to the same quarter last year. 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. On average, equities analysts forecast that Honeywell International will post 8.2 EPS for the current fiscal year.

Honeywell International Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Honeywell International’s dividend payout ratio is presently 67.42%.

Institutional Trading of Honeywell International

A number of institutional investors have recently added to or reduced their stakes in the business. Verus Capital Partners LLC raised its position in shares of Honeywell International by 0.7% in the fourth quarter. Verus Capital Partners LLC now owns 6,658 shares of the conglomerate’s stock valued at $1,299,000 after purchasing an additional 44 shares during the period. Claro Advisors Inc. boosted its holdings in shares of Honeywell International by 0.3% during the 4th quarter. Claro Advisors Inc. now owns 13,930 shares of the conglomerate’s stock worth $2,718,000 after buying an additional 45 shares during the period. FSM Wealth Advisors LLC boosted its holdings in shares of Honeywell International by 1.1% during the 4th quarter. FSM Wealth Advisors LLC now owns 4,231 shares of the conglomerate’s stock worth $825,000 after buying an additional 46 shares during the period. Meridian Financial Partners LLC grew its stake in Honeywell International by 3.8% in the 4th quarter. Meridian Financial Partners LLC now owns 1,258 shares of the conglomerate’s stock valued at $245,000 after buying an additional 46 shares during the last quarter. Finally, Facet Wealth Inc. grew its stake in Honeywell International by 3.6% in the 4th quarter. Facet Wealth Inc. now owns 1,343 shares of the conglomerate’s stock valued at $291,000 after buying an additional 47 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Honeywell International

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

• Positive Sentiment: Honeywell beat Q2 expectations, reporting EPS of $1.95 and revenue of $9.72 billion, with organic sales up 4% and orders up 16%; management also highlighted stronger backlog and improving demand in automation and building systems. Honeywell Technologies Reports Second Quarter Results
• Positive Sentiment: Honeywell raised its full-year outlook and several analysts lifted price targets, including Citigroup to $279 and RBC to $298, signaling confidence in the company’s growth and margin outlook. Analyst price target updates
• Positive Sentiment: Management emphasized the next phase of Honeywell’s transformation toward a more focused automation company, which investors may view as a potential catalyst for higher margins and simpler execution. HON Q2 Earnings Call Highlights Automation Growth Push
• Neutral Sentiment: The board declared a quarterly dividend of CAD 0.70 per share, reinforcing Honeywell’s shareholder-return profile but not likely to move the stock on its own. Honeywell Technologies Announces Quarterly Dividend
• Neutral Sentiment: Short-interest data showed essentially no short interest, so this does not appear to be a meaningful trading factor for the stock right now.
• Negative Sentiment: Despite the upbeat quarter, Honeywell’s updated Q3 and Q4 EPS guidance came in below some Wall Street expectations, which may temper enthusiasm around the earnings beat. Honeywell earnings call and guidance details

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.