Royal Bank Of Canada Issues Pessimistic Forecast for Honeywell International (NASDAQ:HON) Stock Price

Key Points

• Royal Bank of Canada lowered Honeywell’s price target from $298 to $293 but maintained an “outperform” rating, implying 27.7% potential upside from the prior close.
• Honeywell reported quarterly EPS of $1.95, exceeding the $1.80 consensus estimate, while revenue rose 3.4% year over year to $9.72 billion.
• Analyst sentiment remains mixed: 13 firms rate the stock a Buy, 11 a Hold and one a Sell, resulting in a consensus “Hold” rating and average price target of $253.83.

Honeywell International (NASDAQ:HON - Get Free Report) had its price objective decreased by stock analysts at Royal Bank Of Canada from $298.00 to $293.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the conglomerate's stock. Royal Bank Of Canada's price objective would suggest a potential upside of 27.70% from the company's previous close.

Several other equities research analysts also recently weighed in on the company. Weiss Ratings downgraded Honeywell International from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 4th. The Goldman Sachs Group upped their price target on Honeywell International from $258.00 to $276.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Zacks Research lowered shares of Honeywell International from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 9th. Morgan Stanley reduced their target price on shares of Honeywell International from $490.00 to $245.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company decreased their target price on shares of Honeywell International from $235.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, April 24th. Thirteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of "Hold" and an average target price of $253.83.

Honeywell International Trading Down 1.9%

NASDAQ HON opened at $229.45 on Tuesday. The firm has a market capitalization of $72.72 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 5.24 and a beta of 0.89. 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 has a one year low of $196.59 and a one year high of $261.24. The company's 50 day moving average price is $231.17 and its 200 day moving average price is $229.84.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, July 23rd. The conglomerate reported $1.95 EPS for the quarter, beating 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 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 revenue for the quarter 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. On average, sell-side analysts predict that Honeywell International will post 8.25 EPS for the current year.

Insider Buying and Selling at Honeywell International

In other news, CEO Kenneth J. West sold 316 shares of the company's 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 sale, the chief executive officer owned 2,004 shares in the company, valued at approximately $491,921.88. This represents a 13.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.15% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. J. Stern & Co. LLP boosted its holdings in Honeywell International by 22,704.6% in the fourth quarter. J. Stern & Co. LLP now owns 53,209,042 shares of the conglomerate's stock worth $10,380,552,000 after purchasing an additional 52,975,716 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Honeywell International during the second quarter valued at approximately $732,869,000. Diamant Asset Management Inc. acquired a new position in Honeywell International during the 1st quarter worth $496,693,000. Mizuho Markets Americas LLC grew its position in Honeywell International by 921.0% in the 4th quarter. Mizuho Markets Americas LLC now owns 2,042,000 shares of the conglomerate's stock valued at $398,374,000 after buying an additional 1,842,000 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in Honeywell International during the 4th quarter valued at $248,040,000. 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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