RBC Capital Cuts HON Price Target to $270
RBC Capital has reaffirmed its Outperform rating on Honeywell with a new price target of $270, a 27.48% upside from the current price.
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RBC Capital cut its price target on Honeywell International Inc. ($HON) to $270 from $293 on October 14, 2026, and rates the stock "Outperform".
Since the rating, $HON is up 1.8% to date (from the $207.61 close on Oct 14, 2026).
HON
Honeywell International Inc.
Key Points
- On October 14, 2026, RBC Capital reiterated its Outperform rating on Honeywell International Inc. with a price target of $270, down from $293.
- RBC Capital's $270 price target implies 27.48% upside from Honeywell International Inc.'s ($HON) current $211.80 share price.
- As of October 16, 2026, Honeywell shares were recently traded around $211.80, which is below the analysts' mean price target of about $254.91.
- Honeywell reported a revenue of $38.06 billion over the trailing twelve months, with a net margin of 21.6% and a return on equity of 46.6%.
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RBC Capital has reaffirmed its Outperform rating on Honeywell International Inc. (NasdaqGS: HON) with a price target of $270 on October 14, 2026. This target is a reduction from the previous $293. The company's recent stock price is $211.80 as of October 16, 2026.
RBC Capital vs. the S&P 500
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Other Institutional Activity in Honeywell
Several other institutional investors have made adjustments to their positions in Honeywell. State Street Corporation increased its holdings by 2,874,528 shares, bringing its total to 18,738,370 shares valued at about $3.96 billion. Conversely, Blackrock Inc. trimmed its stake by 1,638,358 shares, resulting in 22,778,297 shares worth approximately $4.82 billion. Vanguard Capital Management LLC slightly added 53,663 shares, totaling 20,693,284 shares valued at around $4.37 billion. Meanwhile, Newport Trust Company, LLC saw a significant increase of 6,432,598 shares, ending with 12,865,197 shares worth about $2.72 billion.
Honeywell International Inc. Stock Up 2.0%
Honeywell shares are currently trading below their 50-day moving average of $215.11 and 200-day average of $230.54. The stock is also about 18.6% below its 52-week high of $260.28 but remains 8.1% above its 52-week low of $195.87. As of now, the stock is trading approximately 16.9% lower than the analysts' mean price target of $254.91.
$HON price target
Honeywell International Inc. daily closes and this analyst's $270 target. Not advice.
Recent Earnings
Honeywell reported trailing twelve-month revenue of $38.06 billion with a net margin of 21.6% and a return on equity of 46.6%. The next earnings report is scheduled for October 22, 2026.
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 approximately $4.15 million. He also sold 316 shares on August 3, 2026, at an average price of $245.47, with a total value of around $77,569.
Analysts Set New Price Targets
On October 14, 2026, RBC Capital reiterated its Outperform rating for Honeywell with a price target of $270, down from $293. Earlier, on October 12, Citigroup maintained a Buy rating with a target of $270, while JP Morgan held its Overweight rating with a target of $240 on October 9. The consensus target price among analysts is about $254.91, with 23 opinions suggesting a buy recommendation.
About Honeywell International Inc.
Honeywell International Inc. operates in the industrial automation and building automation sectors, focusing on energy and sustainability solutions. It has a strong presence in the U.S., Europe, and globally, making it a key player in its industry. This recent analyst call comes in light of its solid financial performance, underscoring its growth potential.
Bottom Line
Investors should keep an eye on Honeywell's upcoming earnings report on October 22, 2026, and watch for any further updates from analysts as they reassess their positions in the company. RBC Capital's reiteration of its rating suggests ongoing confidence in Honeywell's business strategy despite the lowered price target.
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Source: RBC Capital's rating change on $HON (Oct 14, 2026). Written by software, not financial advice. How we make alerts