Honeywell International (NASDAQ:HON) Announces Earnings Results, Beats Estimates By $0.02 EPS

29 Jan 2026, 17:20 by Sarita Garza · The Markets Daily

Honeywell International (NASDAQ:HON – Get Free Report) released its earnings results on Thursday. The conglomerate reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.02, Briefing.com reports. The company had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.47 EPS.

Here are the key takeaways from Honeywell International’s conference call:

Honeywell beat expectations in 4Q25 with orders up 23%, backlog above $37 billion and adjusted EPS of $2.59, driven by strong aerospace and building automation performance.
2026 guidance targets sales of $38.8B–$39.8B (3%–6% organic growth), adjusted EPS $10.35–$10.65 (up 6%–9%), segment margins of 22.7%–23.1%, and free cash flow of $5.3B–$5.6B, implying continued top‑ and bottom‑line expansion.
Portfolio moves continue: Solstice has spun off, Honeywell plans an aerospace spin in Q3 2026 and intends to sell Productivity Solutions & Services and Warehouse & Workflow businesses in H1 2026, with Investor Days for aerospace and automation in June.
Quantinuum raised ~$840M at a $10B pre‑money valuation and launched the Helios quantum computer, but Honeywell expects ~30 basis points of margin headwind in 2026 from incremental Quantinuum investments (~$100M YoY) while retaining long‑term upside.
Process Automation showed strong long‑cycle order strength (LNG/refining backlog set to convert in H2 2026), but ESS catalyst shipments remain weak short‑term, creating mixed near‑term revenue dynamics.

Honeywell International Stock Performance

NASDAQ:HON traded up $9.43 during trading hours on Thursday, reaching $226.07. The stock had a trading volume of 2,613,245 shares, compared to its average volume of 4,838,361. The stock has a 50 day simple moving average of $200.95 and a 200 day simple moving average of $208.99. Honeywell International has a 12-month low of $169.21 and a 12-month high of $228.04. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The stock has a market cap of $143.53 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95.

Trending Headlines about Honeywell International

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

Positive Sentiment: Q4 results beat expectations — adjusted EPS $2.59 and adjusted sales ~ $10.1B, above Street estimates; revenue was up year-over-year, supporting the upside reaction. Read More.
Positive Sentiment: Raised 2026 outlook and strong backlog — company issued 2026 adjusted EPS guidance of $10.35–$10.65 and reported orders up 23% with backlog > $37B, indicating continued revenue visibility. Read More.
Positive Sentiment: Aerospace spinoff accelerated — management now expects the Honeywell Aerospace separation in Q3 2026, a corporate-breakup step investors often view as value-unlocking. Read More.
Positive Sentiment: Unusual bullish options flow — 11,704 call contracts traded (≈+39% vs. average), suggesting some traders positioned for further upside following the print.
Neutral Sentiment: CEO media appearance — CEO Vimal Kapur discussed Q4 results and AI opportunities on Squawk on the Street, reinforcing management’s messaging but not adding new financial detail. Read More.
Neutral Sentiment: Analyst/press reaction — several outlets and forecasters updated estimates and previews heading into the print; coverage highlights strong aerospace aftermarket strength and quantum/AI initiatives but contains varied takeaways. Read More.
Negative Sentiment: One-time charges reduced GAAP profit — Q4 GAAP EPS was impacted by settlement-related charges (Flexjet), which lowered reported profit despite strong adjusted results. Read More.

Institutional Investors Weigh In On Honeywell International

Several hedge funds have recently added to or reduced their stakes in HON. Marshall Wace LLP boosted its holdings in shares of Honeywell International by 130.0% during the third quarter. Marshall Wace LLP now owns 1,845,032 shares of the conglomerate’s stock worth $388,379,000 after purchasing an additional 1,042,972 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Honeywell International by 424.3% during the third quarter. Two Sigma Investments LP now owns 1,153,754 shares of the conglomerate’s stock valued at $242,865,000 after purchasing an additional 933,694 shares during the last quarter. Boston Partners increased its holdings in shares of Honeywell International by 21.6% during the third quarter. Boston Partners now owns 3,535,270 shares of the conglomerate’s stock valued at $744,054,000 after acquiring an additional 626,960 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in Honeywell International by 1,457.7% in the third quarter. Voloridge Investment Management LLC now owns 663,830 shares of the conglomerate’s stock worth $139,736,000 after buying an additional 621,213 shares during the last quarter. Finally, Unisphere Establishment boosted its stake in Honeywell International by 8.1% during the 2nd quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock valued at $931,520,000 after purchasing an additional 300,000 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HON shares. Citigroup decreased their price target on shares of Honeywell International from $267.00 to $262.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $218.00 to $215.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Finally, The Goldman Sachs Group reduced their price target on Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $237.67.

Read Our Latest Stock Report on HON

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.