Honeywell International (NASDAQ:HON) Coverage Initiated by Analysts at Sanford C. Bernstein

Stock analysts at Sanford C. Bernstein began coverage on shares of Honeywell International (NASDAQ:HON) in a report issued on Wednesday. The brokerage set a “market perform” rating and a $233.00 price target on the conglomerate’s stock. Sanford C. Bernstein’s price target suggests a potential upside of 8.02% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Argus upped their target price on Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Weiss Ratings cut Honeywell International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Citigroup lowered their target price on Honeywell International from $265.00 to $257.00 and set a “buy” rating for the company in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered their target price on Honeywell International from $255.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $275.00 price target on shares of Honeywell International in a research report on Friday, May 29th. Thirteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $247.13.

Honeywell International Price Performance

Honeywell International stock opened at $215.70 on Wednesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.10 and a current ratio of 1.39. Honeywell International has a 52 week low of $186.76 and a 52 week high of $248.18. The stock has a market capitalization of $136.68 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 3.02 and a beta of 0.85. The stock has a fifty day moving average of $223.29 and a 200-day moving average of $219.19.

Honeywell International shares are going to reverse split on Monday, June 29th. The 1-2 reverse split was announced on Friday, June 5th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, June 26th.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.13. Honeywell International had a return on equity of 42.29% and a net margin of 11.37%.The company had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.30 billion. During the same quarter in the previous year, the firm earned $2.21 EPS. Honeywell International’s revenue was up 2.4% on a year-over-year basis. 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, sell-side analysts expect that Honeywell International will post 10.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Honeywell International

Several institutional investors and hedge funds have recently made changes to their positions in HON. Cardinal Capital Management Inc. raised its stake in shares of Honeywell International by 6.1% in the fourth quarter. Cardinal Capital Management Inc. now owns 138,726 shares of the conglomerate’s stock worth $27,064,000 after purchasing an additional 7,929 shares during the last quarter. Douglas Lane & Associates LLC boosted its position in shares of Honeywell International by 56.1% during the fourth quarter. Douglas Lane & Associates LLC now owns 72,783 shares of the conglomerate’s stock valued at $14,199,000 after buying an additional 26,162 shares during the last quarter. Exencial Wealth Advisors LLC raised its position in Honeywell International by 36.6% in the 4th quarter. Exencial Wealth Advisors LLC now owns 81,211 shares of the conglomerate’s stock valued at $15,844,000 after buying an additional 21,770 shares during the last quarter. Valley Wealth Managers Inc. raised its position in Honeywell International by 33.9% in the 4th quarter. Valley Wealth Managers Inc. now owns 114,016 shares of the conglomerate’s stock valued at $22,243,000 after buying an additional 28,875 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Honeywell International by 3.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,683,119 shares of the conglomerate’s stock valued at $329,788,000 after buying an additional 57,441 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

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.