Honeywell International (NASDAQ:HON) Coverage Initiated by Analysts at Jefferies Financial Group

Key Points

• Jefferies initiated coverage of Honeywell International with a “hold” rating and a $255 price target, implying approximately 9.9% upside from the prior close.
• Analyst sentiment is mixed but leans neutral: 13 analysts rate the stock a Buy, 11 a Hold, and one a Sell, producing a consensus “Hold” rating and average target of $254.04.
• Honeywell shares traded at $232.09, while the company’s latest quarterly results exceeded expectations with EPS of $1.95 versus a $1.80 consensus estimate; revenue rose 3.4% year over year.

Stock analysts at Jefferies Financial Group assumed coverage on shares of Honeywell International (NASDAQ:HON - Get Free Report) in a research report issued to clients and investors on Monday. The brokerage set a "hold" rating and a $255.00 price target on the conglomerate's stock. Jefferies Financial Group's target price would suggest a potential upside of 9.87% from the company's previous close.

Several other equities analysts have also recently weighed in on HON. Citigroup boosted their price objective on Honeywell International from $260.00 to $279.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Mizuho lifted their price target on Honeywell International from $240.00 to $265.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. Zacks Research lowered Honeywell International from a "hold" rating to a "strong sell" rating in a report on Thursday, July 9th. TD Cowen reduced their price objective on Honeywell International from $240.00 to $230.00 and set a "buy" rating for the company in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Honeywell International from $250.00 to $263.00 and gave the stock a "buy" rating in a research note on Tuesday, June 30th. Thirteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $254.04.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $1.87 during trading hours on Monday, hitting $232.09. 72,024 shares of the stock were exchanged, compared to its average volume of 4,176,581. Honeywell International has a one year low of $196.59 and a one year high of $261.24. The company's 50 day moving average is $230.82 and its 200 day moving average is $229.78. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.21 and a quick ratio of 0.93. The firm has a market capitalization of $73.56 billion, a P/E ratio of 8.97, a P/E/G ratio of 5.24 and a beta of 0.89.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its 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 the consensus estimate of $5.03 billion. During the same quarter last year, the firm posted $1.77 EPS. The business'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, research analysts expect that Honeywell International will post 8.25 EPS for the current year.

Insider Buying and Selling

In related news, CEO Kenneth J. West sold 17,032 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer directly owned 2,132 shares of the company's stock, valued at $519,717.64. This trade represents a 88.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Honeywell International

A number of hedge funds have recently added to or reduced their stakes in HON. Caitlin John LLC increased its holdings in shares of Honeywell International by 138.9% in the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 75 shares in the last quarter. Ares Financial Consulting LLC bought a new position in Honeywell International in the 4th quarter valued at $26,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Honeywell International during the fourth quarter valued at $28,000. Finally, Strategic Wealth Advisors LLC bought a new position in Honeywell International in the fourth quarter valued at about $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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