Melius Research Downgrades Honeywell International (NASDAQ:HON) to Hold

Honeywell International (NASDAQ:HON) was downgraded by Melius Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday, Briefing.com reports. They currently have a $190.00 target price on the conglomerate’s stock. Melius Research’s target price points to a potential downside of 6.11% from the company’s previous close.

HON has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Honeywell International from $250.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. The Goldman Sachs Group lifted their price objective on shares of Honeywell International from $258.00 to $276.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Weiss Ratings lowered shares of Honeywell International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $262.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, August 14th. Finally, Wolfe Research upgraded Honeywell International to a “hold” rating in a research note on Monday, June 29th. Thirteen equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $251.48.

Honeywell International Price Performance

Honeywell International stock opened at $202.36 on Monday. Honeywell International has a fifty-two week low of $196.59 and a fifty-two week high of $261.24. The firm has a market capitalization of $64.14 billion, a PE ratio of 7.82, a P/E/G ratio of 3.39 and a beta of 0.87. The company’s 50-day moving average is $226.52 and its 200-day moving average is $226.67. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.21 and a quick ratio of 0.93.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 23rd. The conglomerate reported $1.95 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the previous year, the company posted $1.77 EPS. The firm’s revenue for the quarter 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. Sell-side analysts anticipate that Honeywell International will post 8.29 earnings per share for the current year.

Insider Transactions at Honeywell International

In other news, CEO Kenneth West sold 17,032 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 2,132 shares in the company, valued at approximately $519,717.64. The trade was a 88.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC grew its position in shares of Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after buying an additional 1,582 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Honeywell International by 145.7% during the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock valued at $937,000 after purchasing an additional 2,629 shares during the period. Schnieders Capital Management LLC. boosted its position in shares of Honeywell International by 18.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock worth $1,844,000 after purchasing an additional 1,223 shares in the last quarter. Nebula Research & Development LLC boosted its position in shares of Honeywell International by 3.1% during the 2nd quarter. Nebula Research & Development LLC now owns 5,901 shares of the conglomerate’s stock worth $1,374,000 after purchasing an additional 176 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its stake in shares of Honeywell International by 4.4% in the 2nd quarter. Main Street Financial Solutions LLC now owns 4,488 shares of the conglomerate’s stock valued at $1,045,000 after buying an additional 188 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

About Honeywell International

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.