Royal Bank Of Canada Has Lowered Expectations for Honeywell International (NASDAQ:HON) Stock Price

Key Points

• Royal Bank of Canada lowered Honeywell’s price target from $293 to $270 while maintaining an “outperform” rating, implying 28.17% upside from the stock’s $210.65 price.
• Analyst sentiment is mixed: Honeywell has a consensus “Hold” rating and an average price target of $250, with 13 Buy, 12 Hold, and 1 Sell ratings.
• Honeywell’s latest quarterly results exceeded expectations, with EPS of $1.95 versus the $1.80 consensus estimate and revenue of $9.72 billion; institutional investors own approximately 75.91% of the company.

Honeywell International (NASDAQ:HON - Get Free Report) had its price target lowered by investment analysts at Royal Bank Of Canada from $293.00 to $270.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the conglomerate's stock. Royal Bank Of Canada's price objective indicates a potential upside of 28.17% from the stock's current price.

Other analysts have also recently issued research reports about the stock. Citigroup dropped their target price on shares of Honeywell International from $279.00 to $270.00 and set a "buy" rating for the company in a research report on Monday. Jefferies Financial Group initiated coverage on shares of Honeywell International in a report on Monday, August 17th. They issued a "hold" rating and a $255.00 target price on the stock. Wells Fargo & Company started coverage on Honeywell International in a report on Friday, September 25th. They set an "equal weight" rating and a $231.00 target price on the stock. Weiss Ratings downgraded Honeywell International from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, September 25th. Finally, Daiwa Securities Group upgraded Honeywell International from a "neutral" rating to an "outperform" rating and set a $255.00 price objective for the company in a research report on Tuesday, June 30th. Thirteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $250.00.

Honeywell International Stock Up 1.6%

NASDAQ HON opened at $210.65 on Wednesday. The stock's 50 day simple moving average is $215.90 and its 200 day simple moving average is $222.61. Honeywell International has a one year low of $196.59 and a one year high of $261.24. The firm has a market cap of $66.76 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.79 and a beta of 0.86. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.21 and a quick ratio of 0.93.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.15. The business had revenue of $9.72 billion for the quarter, compared to the consensus estimate of $5.03 billion. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.77 EPS. 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, sell-side analysts forecast that Honeywell International will post 8.27 earnings per share for the current fiscal year.

Insider Activity at Honeywell International

In other Honeywell International news, CEO Kenneth West sold 316 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $245.47, for a total value of $77,568.52. Following the transaction, the chief executive officer directly owned 2,004 shares of the company's stock, valued at $491,921.88. This represents a 13.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.15% of the company's stock.

Institutional Trading of Honeywell International

Hedge funds and other institutional investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC bought a new position in shares of Honeywell International in the second quarter worth $220,000. Atlantic Private Wealth LLC acquired a new position in Honeywell International during the second quarter valued at approximately $59,000. DMC Group LLC bought a new stake in Honeywell International during the second quarter worth $375,000. Studio Investment Management LLC acquired a new stake in shares of Honeywell International in the 2nd quarter valued at $2,578,000. Finally, Washington Trust Advisors Inc. acquired a new stake in Honeywell International in the second quarter valued at about $118,000. Institutional investors and hedge funds own 75.91% of the company's stock.

About Honeywell International

Honeywell International Inc is a diversified technology and manufacturing company that develops products and systems for the aerospace, building automation, industrial automation, and energy markets. Its offerings include aircraft engines and auxiliary power units, avionics, flight-safety and control systems, building-management and security technologies, industrial control systems, sensors, software, and workplace safety products.

The company serves commercial and defense aerospace customers, building owners and operators, manufacturers, utilities, and other industrial businesses.

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