JP Morgan Cuts Honeywell International (HON) Price Target to $240

JP Morgan has reiterated its Overweight rating on Honeywell International Inc. (NasdaqGS: HON) on October 9, 2026, lowering its price target to $240 from $255. This change comes as the company's stock trades at a recent price of $211.80.

JP Morgan's Call on Honeywell

JP Morgan maintained its Overweight rating on Honeywell and set a new price target of $240. The previous target was $255. This reflects the firm's confidence in Honeywell's long-term prospects despite the adjustment in the target price.

Other Institutional Activity in Honeywell

Several other institutional investors have also been active with their positions in Honeywell. Blackrock Inc. reduced its holdings by 1,638,358 shares, bringing its total to 22,778,297 shares worth about $4.82 billion. Vanguard Capital Management LLC added 53,663 shares, ending with 20,693,284 shares valued at approximately $4.37 billion. State Street Corporation increased its stake by 2,874,528 shares, totaling 18,738,370 shares worth around $3.96 billion. Meanwhile, Newport Trust Company, LLC saw a significant increase, adding 6,432,598 shares to reach 12,865,197 shares valued at about $2.72 billion. Invesco Ltd. also grew its holdings by 689,552 shares, totaling 11,249,305 shares worth approximately $2.38 billion.

Honeywell International Inc. Stock Up 2.0%

Honeywell's shares are currently trading at $211.80, which is about 1.5% below its 50-day moving average of $215.11 and 8.1% below its 200-day average of $230.54. Additionally, the stock is approximately 18.6% below its 52-week high of $260.28, while it remains 8.1% above its 52-week low of $195.87. This positioning suggests that Honeywell is facing some headwinds in the market.

Recent Earnings

Honeywell reported trailing twelve-month revenue of approximately $38.06 billion, with a net margin of 21.6%. The company has a return on equity of 46.6%. Its next earnings report is expected on October 22, 2026, which could provide further insights into its financial performance.

Insider Buying and Selling at Honeywell International Inc.

Recent insider transactions include Kenneth J. West, an officer at Honeywell, who sold 17,032 shares on July 27, 2026, at an average price of $243.77, totaling about $4.15 million. He also sold 316 shares on August 3, 2026, for approximately $77,569 at an average price of $245.47. These transactions occurred before the recent analyst updates.

Analysts Set New Price Targets

On October 9, 2026, JP Morgan maintained its Overweight rating for Honeywell with a new price target of $240, down from $255. This follows a series of ratings from other firms, including RBC Capital, which maintained an Outperform rating with a target of $293 on August 18, and Morgan Stanley, which kept an Equal-Weight rating with a target of $250 on August 31. The consensus among analysts currently stands with a mean price target of $254.91 based on 23 opinions, with a recommendation key of 'buy'.

About Honeywell International Inc.

Honeywell International Inc. is a diversified technology and manufacturing company based in Charlotte, NC. It operates in sectors like industrial automation and building automation, providing solutions across the globe. The recent adjustments in analyst ratings reflect ongoing evaluations of its market performance amidst economic changes.

Bottom Line

Investors should keep an eye on Honeywell's upcoming earnings report on October 22, 2026, for further insights into its performance. The adjustments in analyst ratings and price targets highlight the evolving outlook for the company, particularly in light of current market conditions.