Honeywell International (NASDAQ:HON) Stock Rating Raised to “Hold” at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Honeywell International (NASDAQ:HON) to a hold rating in a research note published on Thursday,Zacks reports.

HON has been the topic of several other research reports. Jefferies Financial Group assumed coverage on Honeywell International in a report on Monday, August 17th. They issued a “hold” rating and a $255.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price target on Honeywell International from $250.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. BMO Capital Markets lifted 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. Royal Bank Of Canada lowered their price objective on Honeywell International from $298.00 to $293.00 and set an “outperform” rating for the company in a research report on Tuesday, August 18th. Finally, Bank of America upgraded Honeywell International from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $205.00 to $265.00 in a research report on Tuesday, July 28th. Thirteen investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.52.

Honeywell International Price Performance

HON stock opened at $212.55 on Thursday. The firm has a market cap of $67.37 billion, a P/E ratio of 8.22, a P/E/G ratio of 3.55 and a beta of 0.87. The firm’s fifty day moving average is $223.22 and its 200 day moving average is $224.38. Honeywell International has a 52 week low of $196.59 and a 52 week high of $261.24. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.93 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.15. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. The business had revenue of $9.72 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the previous year, the firm posted $1.77 earnings per share. The firm’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 predict that Honeywell International will post 8.29 earnings per share for the current year.

Honeywell International Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 14th were issued a dividend of $0.70 per share. This is a decrease from Honeywell International’s previous quarterly dividend of $1.19. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 14th. Honeywell International’s dividend payout ratio (DPR) is currently 36.80%.

Insider Activity

In related news, CEO Kenneth West sold 316 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $245.47, for a total transaction of $77,568.52. Following the transaction, the chief executive officer owned 2,004 shares in the company, valued at $491,921.88. The trade was a 13.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is owned by insiders.

Institutional Investors Weigh In On Honeywell International

Several institutional investors and hedge funds have recently bought and sold shares of the business. CYBER HORNET ETFs LLC bought a new position in Honeywell International in the 2nd quarter worth $220,000. Atlantic Private Wealth LLC bought a new stake in shares of Honeywell International during the 2nd quarter valued at about $59,000. DMC Group LLC bought a new stake in shares of Honeywell International during the 2nd quarter valued at about $375,000. Studio Investment Management LLC purchased a new position in shares of Honeywell International during the second quarter valued at about $2,578,000. Finally, Washington Trust Advisors Inc. purchased a new position in shares of Honeywell International during the second quarter valued at about $118,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Key Stories Impacting Honeywell International

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

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.