Honeywell International (NASDAQ:HON) Price Target Raised to $271.00

Key Points

• Honeywell International has had its price target raised by Deutsche Bank from $268.00 to $271.00, indicating a potential upside of 27.85% from the current stock price.
• The company reported better-than-expected quarterly earnings of $2.75 per share, surpassing the consensus estimate of $2.66, with revenue increasing by 8.1% year-over-year.
• Institutional investors hold a significant portion of the stock, with recent transactions showing increased stakes from multiple investment firms, reflecting ongoing interest in the company.

Honeywell International (NASDAQ:HON - Get Free Report) had its price objective boosted by analysts at Deutsche Bank Aktiengesellschaft from $268.00 to $271.00 in a report released on Thursday,MarketScreener reports. The firm presently has a "buy" rating on the conglomerate's stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 27.85% from the company's current price.

A number of other equities analysts also recently commented on HON. Wells Fargo & Company cut their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. Royal Bank Of Canada cut their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Morgan Stanley increased their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Citigroup upped their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Barclays boosted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $254.79.

Honeywell International Stock Up 0.9%

Shares of NASDAQ:HON opened at $211.97 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The firm has a 50 day simple moving average of $216.20 and a 200-day simple moving average of $217.34. The company has a market capitalization of $134.58 billion, a PE ratio of 24.11, a P/E/G ratio of 2.38 and a beta of 1.06. Honeywell International has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the prior year, the firm posted $2.49 earnings per share. Honeywell International's revenue for the quarter was up 8.1% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. On average, equities analysts predict that Honeywell International will post 10.34 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Honeywell International

Institutional investors have recently added to or reduced their stakes in the company. Chung Wu Investment Group LLC acquired a new position in Honeywell International in the second quarter worth approximately $26,000. RMG Wealth Management LLC purchased a new stake in shares of Honeywell International in the 2nd quarter valued at approximately $33,000. Howard Hughes Medical Institute purchased a new stake in Honeywell International in the 2nd quarter worth about $33,000. Activest Wealth Management increased its holdings in shares of Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate's stock valued at $33,000 after purchasing an additional 115 shares during the period. Finally, Pandora Wealth Inc. acquired a new stake in shares of Honeywell International during the first quarter worth approximately $33,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

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