Morgan Stanley Has Lowered Expectations for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its target price reduced by stock analysts at Morgan Stanley from $490.00 to $245.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the conglomerate’s stock. Morgan Stanley’s price target points to a potential upside of 10.24% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Honeywell International in a research note on Friday, June 5th. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $235.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Jefferies Financial Group dropped their target price on shares of Honeywell International from $245.00 to $240.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Wolfe Research upgraded Honeywell International to a “hold” rating in a report on Monday, June 29th. Finally, Zacks Research downgraded Honeywell International from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Thirteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $257.79.

Honeywell International Trading Down 1.8%

Shares of Honeywell International stock opened at $222.25 on Tuesday. Honeywell International has a 12-month low of $196.59 and a 12-month high of $261.24. The stock has a market cap of $70.42 billion, a P/E ratio of 15.74, a P/E/G ratio of 4.05 and a beta of 0.90. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.98. The business’s 50 day moving average is $223.48 and its 200-day moving average is $224.66.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.13. The business had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.30 billion. Honeywell International had a net margin of 11.37% and a return on equity of 42.29%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $2.21 earnings per share. 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. Equities research analysts predict that Honeywell International will post 8.29 earnings per share for the current fiscal year.

Institutional Trading of Honeywell International

A number of hedge funds have recently modified their holdings of the stock. Verus Capital Partners LLC lifted its position in Honeywell International by 0.7% during the fourth quarter. Verus Capital Partners LLC now owns 6,658 shares of the conglomerate’s stock worth $1,299,000 after acquiring an additional 44 shares during the last quarter. Claro Advisors Inc. increased its stake in shares of Honeywell International by 0.3% during the fourth quarter. Claro Advisors Inc. now owns 13,930 shares of the conglomerate’s stock worth $2,718,000 after purchasing an additional 45 shares during the period. FSM Wealth Advisors LLC increased its stake in shares of Honeywell International by 1.1% during the fourth quarter. FSM Wealth Advisors LLC now owns 4,231 shares of the conglomerate’s stock worth $825,000 after purchasing an additional 46 shares during the period. Meridian Financial Partners LLC lifted its holdings in Honeywell International by 3.8% during the 4th quarter. Meridian Financial Partners LLC now owns 1,258 shares of the conglomerate’s stock worth $245,000 after purchasing an additional 46 shares during the last quarter. Finally, Facet Wealth Inc. lifted its holdings in Honeywell International by 3.6% during the 4th quarter. Facet Wealth Inc. now owns 1,343 shares of the conglomerate’s stock worth $291,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds 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.