RBC Capital Cuts Honeywell Aerospace (HONA) Price Target to $210

RBC Capital keeps an Outperform rating on Honeywell Aerospace while adjusting its target price down to $210, a 24.35% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 5:15 PM EDT · Updated Oct 16, 2026, 8:15 PM EDT

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RBC Capital cut its price target on Honeywell Aerospace Inc. ($HONA) to $210 from $250 on October 15, 2026, and rates the stock "Outperform".

Since the rating, $HONA is up 3.0% to date (from the $163.11 close on Oct 15, 2026).

HONA Honeywell Aerospace Inc.

$168.09 -19.33% past 3 months

Daily close · Oct 16, 2026

Key Points

RBC Capital reiterated its Outperform rating on Honeywell Aerospace on October 15, 2026, while lowering its price target from $250 to $210.
RBC Capital's $210 price target implies 24.35% upside from Honeywell Aerospace Inc.'s ($HONA) current $168.88 share price.
Honeywell Aerospace shares recently traded around $168.88, sitting below the consensus target mean price of $199.20.
Major institutions like Blackrock Inc. and Vanguard Capital Management hold substantial positions in the aerospace manufacturer.

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RBC Capital maintained its positive stance on Honeywell Aerospace Inc. (NasdaqGS: HONA) on October 15, 2026, keeping an Outperform rating on the stock while trimming its price target. The firm adjusted its target down to $210 from $250. Honeywell Aerospace closed at $163.11 on the day of the announcement.

Analyst rating track record

RBC Capital vs. the S&P 500

YTD return -1.24% hypothetical

All-time return -1.24% S&P 500 +0.29%

vs. S&P 500 -1.53% behind the index

Hypothetical returns from RBC Capital's disclosed trades, not real profit or advice. How we model this.

RBC Capital's Call on Honeywell Aerospace

On October 15, 2026, RBC Capital issued a research note keeping its Outperform rating intact while reducing the price target to $210 from the previous target of $250. Wall Street firms issue ratings as forward-looking views on how a company will perform. The updated target suggests the firm still sees room for the stock to run despite shifting market conditions.

Other Institutional Activity in Honeywell Aerospace

Large money managers actively adjusted their holdings in Honeywell Aerospace during recent reporting periods. Blackrock Inc. grew its holdings by 11,881,087 shares, ending with 23,762,174 shares worth about $3.99 billion. Vanguard Capital Management LLC grew its holdings by 10,346,583 shares, ending with 20,693,166 shares worth about $3.48 billion. State Street Corporation grew its holdings by 6,660,585 shares, ending with 13,321,170 shares worth about $2.24 billion. Invesco Ltd. grew its holdings by 6,442,218 shares, ending with 12,884,435 shares worth about $2.17 billion. Morgan Stanley grew its holdings by 4,643,406 shares, ending with 9,286,812 shares worth about $1.56 billion.

Honeywell Aerospace Inc. Stock Up 3.5%

HONEX recently traded around $168.88 as of October 16, 2026, up about 3.5% from its event-day close of $163.11. The stock sits about 5.4% above its 50-day moving average of $160.18, though it remains below its 200-day moving average of $186.10. The company carries a market capitalization of roughly $53.28 billion and a trailing P/E ratio of 51.25, with a forward P/E of 18.83.

12-month forecast

$HONA price target

Honeywell Aerospace Inc. daily closes and this analyst's $210 target. Not advice.

Recent Earnings

Honeywell Aerospace generated trailing-twelve-month revenue of $17.92 billion alongside basic earnings of $3.28 per share. The company posted a net profit margin of 10.9% and year-over-year revenue growth of 5.4%. Investors look ahead to the next earnings report scheduled for October 28, 2026.

Dividend

The company reports a dividend payout ratio of 0.0% and a dividend yield of 0.0%.

Insider Buying and Selling at Honeywell Aerospace Inc.

Director Craig Arnold bought 6,400 shares on September 1, 2026, at an average price of $156.00 for a total value of $998,400.

Analysts Set New Price Targets

Morgan Stanley maintained an Overweight rating with a target of $205 on August 19, 2026. Susquehanna initiated coverage with a Positive rating and a $190 target on September 17, 2026. Goldman Sachs initiated coverage with a Neutral rating and a $190 target on October 7, 2026. TD Cowen maintained a Hold rating while lowering its target from $180 to $170 on October 9, 2026. Overall, the stock has a consensus buy rating and an average price target of $199.20 across 15 analyst opinions.

About Honeywell Aerospace

Honeywell Aerospace Inc. manufactures aircraft components, avionics, engines, and systems for commercial airlines, military customers, business aviation, and space markets. Based in Phoenix, Arizona, the company supplies critical hardware across the global aerospace sector as demand shifts across commercial and defense lines.

Bottom Line

Investors will watch the upcoming earnings release on October 28, 2026, for fresh details on operational execution. The recent round of analyst updates and institutional moves highlights ongoing adjustments in valuation expectations across the sector.