TD Cowen Lowers Honeywell International (NASDAQ:HON) Price Target to $230.00

Key Points

• TD Cowen cut its price target on Honeywell to $230 (from $240) while keeping a "buy" rating, implying roughly an 8.9% upside from the current share price.
• Honeywell's Q1 adjusted EPS of $2.45 topped estimates but revenue of $9.14B missed expectations; the company set FY2026 guidance of 10.35–10.65 EPS and Q2 guidance of 2.35–2.45 EPS, and the stock traded down to about $211.31 (‑1.4%).
• Management is pursuing value‑unlocking moves — including the sale of its Warehouse & Workflow Solutions business, an aerospace spin‑off (expected late June) and a potential Quantinuum IPO — while analysts remain mixed but the consensus rating is a "Moderate Buy" with an average target of $250.21.

Honeywell International (NASDAQ:HON - Get Free Report) had its target price cut by research analysts at TD Cowen from $240.00 to $230.00 in a research report issued on Friday,MarketScreener reports. The firm currently has a "buy" rating on the conglomerate's stock. TD Cowen's price objective indicates a potential upside of 8.85% from the company's current price.

A number of other research firms have also issued reports on HON. Royal Bank Of Canada lifted their price objective on shares of Honeywell International from $249.00 to $268.00 and gave the company an "outperform" rating in a research note on Friday, January 30th. Wells Fargo & Company lowered their price target on shares of Honeywell International from $235.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday. Robert W. Baird lifted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Friday, January 30th. BNP Paribas Exane upped their price objective on shares of Honeywell International from $195.00 to $215.00 and gave the company a "neutral" rating in a research report on Monday, February 2nd. Finally, Evercore raised their target price on Honeywell International from $255.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, January 30th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $250.21.

Honeywell International Trading Down 1.4%

Shares of HON stock traded down $3.03 on Friday, reaching $211.31. 312,544 shares of the stock were exchanged, compared to its average volume of 4,197,288. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The stock has a market cap of $133.90 billion, a P/E ratio of 26.47, a price-to-earnings-growth ratio of 3.19 and a beta of 0.93. The firm has a 50 day moving average of $233.35 and a two-hundred day moving average of $215.37. Honeywell International has a 1-year low of $186.59 and a 1-year high of $248.18.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $2.45 EPS for the quarter, beating the consensus estimate of $2.32 by $0.13. The firm had revenue of $9.14 billion for the quarter, compared to analyst estimates of $9.30 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. Honeywell International's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.21 earnings per share. Honeywell International has set its FY 2026 guidance at 10.350-10.650 EPS and its Q2 2026 guidance at 2.350-2.450 EPS. On average, research analysts anticipate that Honeywell International will post 10.5 EPS for the current year.

Insider Buying and Selling at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president directly owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director D Scott Davis sold 2,367 shares of the business's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director directly owned 31,081 shares of the company's stock, valued at approximately $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 18,190 shares of company stock valued at $4,244,287. 0.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Holos Integrated Wealth LLC acquired a new stake in shares of Honeywell International during the 4th quarter valued at approximately $25,000. Caitlin John LLC boosted its holdings in Honeywell International by 138.9% in the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate's stock worth $25,000 after purchasing an additional 75 shares during the period. Ares Financial Consulting LLC bought a new stake in Honeywell International during the fourth quarter valued at $26,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $28,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Honeywell International during the fourth quarter worth $28,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International News Summary

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Adjusted Q1 EPS beat and underlying strength — Honeywell reported adjusted EPS of $2.45 (up ~11% y/y), orders rose ~7% and backlog sits near $38B, showing resilient demand in aerospace and building/automation despite headwinds. Honeywell Q1 2026 Earnings Call Highlights
• Positive Sentiment: Strategic asset sales and spin‑offs to sharpen the business — Honeywell signed a definitive sale of its Warehouse & Workflow Solutions (WWS) business to American Industrial Partners and reiterated the Aerospace spin‑off timing (late June), moves that could simplify the company and free capital. AIP to Acquire Honeywell WWS
• Neutral Sentiment: Quantinuum IPO filing could unlock value later — Honeywell’s majority‑owned quantum unit has confidentially filed for a U.S. IPO, a potential longer‑term catalyst but not an immediate earnings driver. Quantinuum Confidentially Files for IPO
• Neutral Sentiment: Reporting/segment changes — Honeywell realigned segment disclosures and automation reporting, which may improve transparency but adds short‑term comparability noise. Segment Realignment Announcement
• Negative Sentiment: Revenue miss, weaker Q2 outlook and cash‑flow downgrade — Q1 revenue of $9.14B missed estimates, the company gave Q2 EPS/revenue guidance below consensus and trimmed operating cash‑flow expectations, prompting investor concern about near‑term growth and liquidity. Revenue Miss and Cash‑Flow Cut
• Negative Sentiment: Geopolitical supply‑chain risk — Management flagged Middle East tensions as a near‑term headwind to Q2 activity and supply chains, increasing uncertainty for sales and timing of industrial projects. Middle East Conflict Hits Q2 Outlook

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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