Morgan Stanley Issues Positive Forecast for Honeywell International (NASDAQ:HON) Stock Price

Key Points

• Morgan Stanley raised Honeywell’s price target from $245 to $250 while maintaining an “equal weight” rating, implying roughly 17% upside from the reported $213.66 share price.
• Analyst sentiment remains mixed: 13 analysts rate the stock a Buy, 11 Hold, and one Sell, resulting in a consensus “Hold” rating and average price target of $254.04.
• Honeywell exceeded quarterly earnings expectations, reporting $1.95 EPS versus the $1.80 consensus estimate, while revenue rose 3.4% year over year to $9.72 billion; CEO Kenneth J. West subsequently sold 17,032 shares.

Honeywell International (NASDAQ:HON - Get Free Report) had its price objective boosted by Morgan Stanley from $245.00 to $250.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the conglomerate's stock. Morgan Stanley's price objective suggests a potential upside of 17.01% from the stock's current price.

A number of other brokerages have also recently commented on HON. BMO Capital Markets increased their price target on Honeywell International from $253.00 to $276.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Wolfe Research raised Honeywell International to a "hold" rating in a report on Monday, June 29th. Rothschild & Co Redburn dropped their target price 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. Daiwa Securities Group raised Honeywell International from a "neutral" rating to an "outperform" rating and set a $255.00 price target on the stock in a research note on Tuesday, June 30th. Finally, Zacks Research cut Honeywell International from a "hold" rating to a "strong sell" rating in a report on Thursday, July 9th. Thirteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $254.04.

Honeywell International Price Performance

Shares of HON stock traded down $3.77 on Monday, reaching $213.66. The company had a trading volume of 286,021 shares, compared to its average volume of 4,081,502. The business's 50-day moving average is $230.53 and its 200 day moving average is $229.11. Honeywell International has a one year low of $196.59 and a one year 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 market capitalization of $67.72 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 4.87 and a beta of 0.89.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $5.03 billion. During the same period in the prior year, the company earned $1.77 EPS. The firm's quarterly revenue 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. Equities research analysts forecast that Honeywell International will post 8.25 EPS for the current fiscal year.

Insider Activity

In other Honeywell International news, CEO Kenneth J. West sold 17,032 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 2,132 shares in the company, valued at approximately $519,717.64. This represents a 88.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.15% of the company's stock.

Hedge Funds Weigh In On Honeywell International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitlin John LLC grew its position in Honeywell International by 138.9% in the 4th quarter. Caitlin John LLC now owns 129 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 75 shares during the period. Hilton Head Capital Partners LLC purchased a new position in Honeywell International in the fourth quarter worth $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Honeywell International during the 4th quarter valued at $28,000. JPL Wealth Management LLC bought a new stake in shares of Honeywell International during the 3rd quarter worth $31,000. Finally, Strategic Wealth Advisors LLC bought a new stake in shares of Honeywell International during the 4th quarter worth $29,000. Institutional investors own 75.91% of the company's stock.

About Honeywell International

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.

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