Royal Bank Of Canada Forecasts Strong Price Appreciation for Honeywell International (NASDAQ:HON) Stock

Honeywell International (NASDAQ:HON) had its target price raised by Royal Bank Of Canada from $272.00 to $298.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the conglomerate’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 22.56% from the stock’s current price.

Several other research firms also recently weighed in on HON. Rothschild & Co Redburn decreased their price target on shares of Honeywell International from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Morgan Stanley cut their price objective 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. Jefferies Financial Group reduced their target price on Honeywell International from $245.00 to $240.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Citigroup decreased their target price on Honeywell International from $269.40 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. dropped their price target on Honeywell International from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Thirteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $259.54.

Honeywell International Stock Performance

Shares of HON stock opened at $243.15 on Friday. The firm has a 50 day moving average of $226.15 and a 200-day moving average of $226.62. The company has a market cap of $77.04 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 5.48 and a beta of 0.90. The company has a quick ratio of 1.10, a current ratio of 1.21 and a debt-to-equity ratio of 1.39. Honeywell International has a 52 week low of $196.59 and a 52 week high of $261.24.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.15. The company had revenue of $9.72 billion for the quarter, compared to the consensus estimate of $5.03 billion. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. Honeywell International’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.77 EPS. 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, equities analysts forecast that Honeywell International will post 8.19 earnings per share for the current year.

Institutional Investors Weigh In On Honeywell International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Honeywell International by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 63,161,731 shares of the conglomerate’s stock worth $12,322,222,000 after purchasing an additional 1,027,413 shares in the last quarter. J. Stern & Co. LLP lifted its holdings in shares of 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 valued at $10,380,552,000 after purchasing an additional 52,975,716 shares in the last quarter. State Street Corp boosted its position in shares of Honeywell International by 3.4% during the fourth quarter. State Street Corp now owns 31,677,082 shares of the conglomerate’s stock valued at $6,179,882,000 after buying an additional 1,031,897 shares during the last quarter. Morgan Stanley boosted its position in shares of Honeywell International by 4.7% during the fourth quarter. Morgan Stanley now owns 19,425,421 shares of the conglomerate’s stock valued at $3,789,706,000 after buying an additional 879,309 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Honeywell International by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 15,716,647 shares of the conglomerate’s stock worth $3,066,520,000 after buying an additional 120,929 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Trending Headlines about Honeywell International

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

• Positive Sentiment: Honeywell beat Q2 expectations, reporting EPS of $1.95 and revenue of $9.72 billion, with organic sales up 4% and orders up 16%; management also highlighted stronger backlog and improving demand in automation and building systems. Honeywell Technologies Reports Second Quarter Results
• Positive Sentiment: Honeywell raised its full-year outlook and several analysts lifted price targets, including Citigroup to $279 and RBC to $298, signaling confidence in the company’s growth and margin outlook. Analyst price target updates
• Positive Sentiment: Management emphasized the next phase of Honeywell’s transformation toward a more focused automation company, which investors may view as a potential catalyst for higher margins and simpler execution. HON Q2 Earnings Call Highlights Automation Growth Push
• Neutral Sentiment: The board declared a quarterly dividend of CAD 0.70 per share, reinforcing Honeywell’s shareholder-return profile but not likely to move the stock on its own. Honeywell Technologies Announces Quarterly Dividend
• Neutral Sentiment: Short-interest data showed essentially no short interest, so this does not appear to be a meaningful trading factor for the stock right now.
• Negative Sentiment: Despite the upbeat quarter, Honeywell’s updated Q3 and Q4 EPS guidance came in below some Wall Street expectations, which may temper enthusiasm around the earnings beat. Honeywell earnings call and guidance details

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.