Royal Bank Of Canada Issues Positive Forecast for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its price target boosted by Royal Bank Of Canada from $272.00 to $298.00 in a report published on Friday,Benzinga reports. They currently have an outperform rating on the conglomerate’s stock.

A number of other equities analysts have also weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of 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. Weiss Ratings cut shares of Honeywell International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Sanford C. Bernstein began coverage on shares of Honeywell International in a report on Wednesday, June 10th. They issued a “market perform” rating and a $233.00 target price on the stock. Citigroup dropped their price target on shares of Honeywell International from $269.40 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Finally, Zacks Research downgraded shares of Honeywell International from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Thirteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $259.54.

Honeywell International Stock Performance

Shares of HON stock opened at $243.15 on Friday. The stock’s 50-day moving average price is $226.15 and its 200 day moving average price is $226.62. The company has a quick ratio of 1.10, a current ratio of 1.21 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $77.04 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 5.55 and a beta of 0.90. Honeywell International has a 52-week low of $196.59 and a 52-week high of $261.24.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.15. Honeywell International had a return on equity of 34.00% and a net margin of 23.90%.The company had revenue of $9.72 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period last year, the firm earned $1.77 EPS. The firm’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, equities research analysts forecast that Honeywell International will post 8.2 EPS for the current year.

Honeywell International Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, August 14th. This represents a $2.80 annualized dividend and a dividend yield of 1.2%. Honeywell International’s dividend payout ratio (DPR) is 67.42%.

Hedge Funds Weigh In On Honeywell International

Several institutional investors have recently added to or reduced their stakes in the business. Caitlin John LLC boosted its position in shares of Honeywell International by 138.9% in the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Ares Financial Consulting LLC purchased a new position in Honeywell International during the fourth quarter worth approximately $26,000. Hilton Head Capital Partners LLC purchased a new position in Honeywell International during the fourth quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Honeywell International in the 4th quarter valued at $28,000. Finally, Strategic Wealth Advisors LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at $29,000. 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.