Honeywell International (NASDAQ:HON) Lowered to "Hold" Rating by Melius Research

Key Points

• Melius Research downgraded Honeywell International to “Hold” from “Buy” and set a $190 price target, implying 6.11% downside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $251.48, despite 13 Buy and 13 Hold ratings.
• Honeywell recently exceeded quarterly earnings expectations, reporting $1.95 in EPS versus a $1.80 estimate, while CEO Kenneth West sold 17,032 shares worth approximately $4.15 million.

Honeywell International (NASDAQ:HON - Get Free Report) was downgraded by stock analysts at Melius Research from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Monday, Briefing.com reports. They presently have a $190.00 price objective on the conglomerate's stock. Melius Research's price target would indicate a potential downside of 6.11% from the company's previous close.

Several other analysts have also weighed in on the stock. BMO Capital Markets boosted their target price on shares of Honeywell International from $253.00 to $276.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Daiwa Securities Group raised Honeywell International from a "neutral" rating to an "outperform" rating and set a $255.00 target price on the stock in a research report on Tuesday, June 30th. Royal Bank Of Canada reduced their target price on shares of Honeywell International from $298.00 to $293.00 and set an "outperform" rating for the company in a research note on Tuesday, August 18th. Barclays cut their target price on Honeywell International from $251.00 to $239.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 10th. Finally, Bank of America upgraded shares of Honeywell International from an "underperform" rating to a "neutral" rating and increased their target price for the company from $205.00 to $265.00 in a research report on Tuesday, July 28th. Thirteen equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $251.48.

Honeywell International Stock Performance

NASDAQ:HON opened at $202.36 on Monday. Honeywell International has a 52-week low of $196.59 and a 52-week high of $261.24. The company has a quick ratio of 0.93, a current ratio of 1.21 and a debt-to-equity ratio of 1.39. The stock has a fifty day simple moving average of $226.52 and a 200-day simple moving average of $226.67. The company has a market capitalization of $64.14 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 3.39 and a beta of 0.87.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The conglomerate reported $1.95 EPS for the quarter, beating 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 business had revenue of $9.72 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same period in the prior year, the business earned $1.77 earnings per share. The company's quarterly revenue 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. On average, equities research analysts expect that Honeywell International will post 8.29 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of Honeywell International

Several institutional investors and hedge funds have recently added to or reduced their stakes in HON. Caitlin John LLC boosted its holdings in Honeywell International by 138.9% during the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate's stock worth $25,000 after buying an additional 75 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in shares of Honeywell International in the fourth quarter valued at about $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Honeywell International during the fourth quarter worth about $28,000. Titan Wealth CI Ltd bought a new position in shares of Honeywell International during the fourth quarter worth about $31,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Honeywell International in the third quarter valued at approximately $31,000. 75.91% of the stock is owned by institutional investors.

About Honeywell International

Honeywell International Inc NASDAQ: HON is a diversified technology and manufacturing company that develops products and software for the aerospace, building, industrial and energy markets. Its offerings include aircraft engines and auxiliary power systems, avionics, safety and control systems, building automation technologies, industrial process controls, warehouse and supply-chain automation solutions, and environmental and energy-management systems.

The company serves commercial and defense aerospace customers, building owners and operators, manufacturers, logistics providers, and energy companies worldwide.

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