Royal Bank Of Canada Cuts Honeywell International (NASDAQ:HON) Price Target to $293.00

21 Aug 2026, 05:54 by Danessa Lincoln · The Markets Daily

Honeywell International (NASDAQ:HON – Free Report) had its target price trimmed by Royal Bank Of Canada from $298.00 to $293.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the conglomerate’s stock.

A number of other brokerages have also weighed in on HON. TD Cowen dropped their target price on shares of Honeywell International from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Jefferies Financial Group began coverage on shares of Honeywell International in a research note on Monday. They issued a “hold” rating and a $255.00 price target on the stock. Bank of America raised shares of Honeywell International from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $205.00 to $265.00 in a report on Tuesday, July 28th. Daiwa Securities Group upgraded Honeywell International from a “neutral” rating to an “outperform” rating and set a $255.00 price objective for the company in a research report on Tuesday, June 30th. Finally, Wells Fargo & Company reduced their target price on Honeywell International from $235.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Thirteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus price target of $253.83.

View Our Latest Analysis on Honeywell International

Honeywell International Stock Down 1.5%

Shares of HON opened at $218.32 on Tuesday. The business’s 50 day moving average is $231.72 and its 200 day moving average is $229.82. The company has a market capitalization of $69.19 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 4.97 and a beta of 0.89. Honeywell International has a 12-month low of $196.59 and a 12-month high of $261.24. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 1.39.

Honeywell International (NASDAQ:HON – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The conglomerate reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.15. Honeywell International had a return on equity of 34.00% and a net margin of 23.90%.The company had revenue of $9.72 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the previous year, the firm earned $1.77 EPS. The firm’s revenue 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. Research analysts expect that Honeywell International will post 8.25 earnings per share for the current fiscal year.

Honeywell International Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. Honeywell International’s dividend payout ratio is presently 36.80%.

Insider Buying and Selling

In other Honeywell International news, CEO Kenneth J. West sold 17,032 shares of Honeywell International stock in a transaction on Monday, July 27th. The shares were sold at an average price of $243.77, for a total value of $4,151,890.64. Following the completion of the transaction, the chief executive officer directly owned 2,132 shares of the company’s stock, valued at $519,717.64. This trade represents a 88.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.15% of the stock is owned by company insiders.

Institutional Trading of Honeywell International

Several hedge funds have recently made changes to their positions in HON. Caitlin John LLC increased its stake in Honeywell International by 138.9% during the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Ares Financial Consulting LLC bought a new stake in shares of Honeywell International in the 4th quarter valued at approximately $26,000. Hilton Head Capital Partners LLC purchased a new position in shares of Honeywell International in the 4th quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Honeywell International in the 4th quarter worth approximately $28,000. Finally, JPL Wealth Management LLC bought a new position in shares of Honeywell International during the 3rd quarter valued at approximately $31,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Honeywell International

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

Positive Sentiment: Morgan Stanley upgraded Honeywell Aerospace to Buy from Hold, indicating that analyst Kristine Liwag believes the aerospace shares have fallen far enough to offer attractive value. The upgrade could support sentiment toward Honeywell’s aerospace operations and future growth prospects. Honeywell Aerospace Stock Has Fallen Far Enough. Morgan Stanley Says It’s Time to Buy.

About Honeywell International

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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.