Wells Fargo & Company Upgrades Honeywell International (NASDAQ:HON) to Hold

by · The Markets Daily

Honeywell International (NASDAQ:HON – Get Free Report) was upgraded by equities research analysts at Wells Fargo & Company to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

Several other analysts have also issued reports on HON. Royal Bank Of Canada cut their price objective on Honeywell International from $298.00 to $293.00 and set an “outperform” rating for the company in a report on Tuesday, August 18th. Sanford C. Bernstein started coverage on Honeywell International in a research report on Wednesday, June 10th. They issued a “market perform” rating and a $233.00 target price on the stock. BMO Capital Markets raised their price target on Honeywell International from $253.00 to $276.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. The Goldman Sachs Group boosted their target price on shares of Honeywell International from $258.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Jefferies Financial Group started coverage on shares of Honeywell International in a research note on Monday, August 17th. They set a “hold” rating and a $255.00 price target on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.52.

Get Our Latest Stock Analysis on HON

Honeywell International Stock Performance

Shares of HON opened at $212.55 on Thursday. The company has a market capitalization of $67.37 billion, a PE ratio of 8.22, a PEG ratio of 3.55 and a beta of 0.87. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.93 and a current ratio of 1.21. The company’s 50 day moving average price is $223.22 and its 200 day moving average price is $224.38. Honeywell International has a 52 week low of $196.59 and a 52 week high of $261.24.

Honeywell International (NASDAQ:HON – Get Free Report) last issued 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. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. The company had revenue of $9.72 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same quarter last year, the business posted $1.77 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. 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 8.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Honeywell International news, CEO Kenneth West sold 316 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $245.47, for a total transaction of $77,568.52. Following the completion of the sale, the chief executive officer owned 2,004 shares of the company’s stock, valued at $491,921.88. This represents a 13.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

Institutional investors have recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Honeywell International in the second quarter valued at about $220,000. Atlantic Private Wealth LLC bought a new stake in Honeywell International during the 2nd quarter valued at approximately $59,000. DMC Group LLC bought a new stake in Honeywell International during the 2nd quarter valued at approximately $375,000. Studio Investment Management LLC acquired a new stake in Honeywell International in the 2nd quarter valued at approximately $2,578,000. Finally, Washington Trust Advisors Inc. acquired a new stake in Honeywell International in the 2nd quarter valued at approximately $118,000. Institutional investors own 75.91% of the company’s stock.

Key Honeywell International News

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

  • Positive Sentiment: The board declared a quarterly dividend of $0.70 per share, payable December 4 to shareholders of record November 13. The announcement reinforces Honeywell’s shareholder-return appeal. Honeywell Technologies Announces Quarterly Dividend
  • Positive Sentiment: Wells Fargo initiated coverage with an Equal Weight rating and a $231 price target, implying potential upside from recent trading levels. Although the rating is neutral, the target provides some support for the stock.
  • Positive Sentiment: Recent operating results were stronger than expected: Honeywell reported quarterly EPS of $1.95 versus the $1.80 consensus estimate, while revenue increased 3.4% year over year.
  • Neutral Sentiment: Honeywell will release third-quarter results before the market opens on October 22 and host an investor conference call afterward. Investors may remain focused on updated guidance and evidence of improving demand. Honeywell Technologies Third-Quarter Results Announcement
  • Neutral Sentiment: Industry research identifies Honeywell as a participant in phase-change-material markets expected to grow through 2032, but the reports do not provide company-specific revenue or earnings estimates. Advanced Phase Change Materials Market Forecast
  • Negative Sentiment: A comparison with 3M highlights Honeywell’s automation strengths but also cites process weakness, while 3M is viewed favorably for industrial momentum, shareholder returns and valuation. This may limit enthusiasm for HON despite its dividend and earnings performance. 3M vs. Honeywell Comparison

Honeywell International Company Profile

(Get Free Report)

Honeywell International Inc (NASDAQ:HON) is a diversified technology and manufacturing company that develops products and software for the aerospace, building, industrial and energy markets. Its offerings include aircraft engines and auxiliary power systems, avionics, safety and control systems, building automation technologies, industrial process controls, warehouse and supply-chain automation solutions, and environmental and energy-management systems.

The company serves commercial and defense aerospace customers, building owners and operators, manufacturers, logistics providers, and energy companies worldwide.

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