Honeywell International (NASDAQ:HON) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Honeywell International (NASDAQ:HON) had its target price boosted by research analysts at The Goldman Sachs Group from $258.00 to $276.00 in a research note issued to investors on Wednesday,MarketScreener reports. The firm presently has a “buy” rating on the conglomerate’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 17.23% from the company’s current price.

Several other brokerages have also issued reports on HON. Rothschild & Co Redburn reduced their price objective on shares of Honeywell International from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Weiss Ratings lowered shares of Honeywell International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 13th. Wolfe Research reissued an “outperform” rating and issued a $275.00 price target on shares of Honeywell International in a research note on Friday, May 29th. Citigroup decreased their price objective on shares of Honeywell International from $265.00 to $257.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Finally, Argus lifted their target price on shares of Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Honeywell International has an average rating of “Moderate Buy” and an average target price of $248.04.

Honeywell International Trading Up 0.1%

Honeywell International stock traded up $0.21 during mid-day trading on Wednesday, hitting $235.44. The company’s stock had a trading volume of 458,036 shares, compared to its average volume of 4,218,392. The stock’s fifty day moving average is $223.75 and its two-hundred day moving average is $218.21. The company has a current ratio of 1.39, a quick ratio of 1.10 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $149.19 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 3.38 and a beta of 0.85. Honeywell International has a 1 year low of $186.76 and a 1 year high of $248.18.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, April 23rd. The conglomerate reported $2.45 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $9.30 billion. During the same quarter in the previous year, the business earned $2.21 earnings per share. The company’s revenue for the quarter 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, analysts anticipate that Honeywell International will post 10.53 EPS for the current year.

Hedge Funds Weigh In On Honeywell International

Several hedge funds and other institutional investors have recently made changes to their positions in HON. Holos Integrated Wealth LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth approximately $25,000. Caitlin John LLC lifted its stake in Honeywell International by 138.9% in the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Ares Financial Consulting LLC acquired a new position in Honeywell International during the 4th quarter worth approximately $26,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at approximately $28,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Honeywell International in the 4th quarter valued at approximately $28,000. Hedge funds and other 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.