Honeywell International (NASDAQ:HON) Price Target Lowered to $255.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Honeywell’s price target from $262 to $255 while maintaining an “overweight” rating, implying approximately 8.9% upside from the stock’s reported $234.14 price.
• Analyst sentiment remains mixed: Honeywell has a consensus “Hold” rating and an average price target of $254.46, based on 13 Buy, 11 Hold, and one Sell rating.
• Honeywell exceeded quarterly earnings expectations, reporting $1.95 in adjusted EPS versus the $1.80 consensus estimate, while revenue reached $9.72 billion and rose 3.4% year over year.

Honeywell International (NASDAQ:HON - Get Free Report) had its price target decreased by equities research analysts at JPMorgan Chase & Co. from $262.00 to $255.00 in a report released on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the conglomerate's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 8.91% from the company's current price.

Several other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Honeywell International from $250.00 to $263.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Daiwa Securities Group upgraded shares of 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. Wolfe Research upgraded shares of Honeywell International to a "hold" rating in a research note on Monday, June 29th. Zacks Research lowered shares of Honeywell International from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 9th. Finally, Jefferies Financial Group set a $265.00 price target on shares of Honeywell International in a research report on Tuesday, July 28th. Thirteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $254.46.

Honeywell International Stock Up 0.1%

Shares of HON traded up $0.15 during midday trading on Friday, hitting $234.14. The company had a trading volume of 576,257 shares, compared to its average volume of 4,189,043. The company's 50-day simple moving average is $230.42 and its 200-day simple moving average is $229.69. The firm has a market capitalization of $74.21 billion, a P/E ratio of 9.05, a P/E/G ratio of 5.27 and a beta of 0.89. Honeywell International has a 1 year low of $196.59 and a 1 year high of $261.24. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.93 and a current ratio of 1.21.

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 for the quarter, topping analysts' consensus estimates of $1.80 by $0.15. The company had revenue of $9.72 billion for the quarter, compared to analysts' expectations of $5.03 billion. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $1.77 earnings per share. 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 expect that Honeywell International will post 8.25 EPS for the current year.

Insider Activity at Honeywell International

In related news, CEO Kenneth J. West sold 316 shares of the stock in a transaction on Monday, August 3rd. The stock was 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 approximately $491,921.88. This trade represents a 13.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Honeywell International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitlin John LLC boosted its stake in 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 acquiring an additional 75 shares during the period. Ares Financial Consulting LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $26,000. Hilton Head Capital Partners LLC acquired a new position in Honeywell International during the 4th quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Honeywell International in the fourth quarter worth $28,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth about $29,000. Institutional investors own 75.91% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source