Citigroup Reiterates Buy Rating for Honeywell with $260 Target
Citigroup maintains its buy stance on Honeywell, setting a price target of $260, a 15.92% upside from the current price.
Key Points
- Citigroup's analyst Andrew Kaplowitz reiterated a buy rating for Honeywell International Inc. (HON) with a price target of $260.
- Citigroup's $260 price target implies 15.92% upside from Honeywell International Inc.'s ($HON) current $224.30 share price.
- Shares of Honeywell traded near $224.3 on Wednesday, with a market cap of approximately $70.9 billion and a P/E ratio of 17.88.
- Several other analysts, including Deutsche Bank and Daiwa Capital, also maintain or upgrade their ratings, with targets ranging from $255 to $490.
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On July 1, 2026, Citigroup analyst Andrew Kaplowitz reiterated his buy rating for Honeywell International Inc. (NasdaqGS: HON) with a price target of $260. This reaffirmation underscores Citigroup's positive outlook on the conglomerate's prospects.
Citigroup vs. the S&P 500
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Honeywell International Inc. Stock Up 3.2%
Shares of Honeywell traded near $224.3 on Wednesday. The company boasts a market cap of about $70.9 billion and a P/E ratio of 17.88. Honeywell's stock has seen a 52-week low of $195.87 and a high of $260.28. The stock's 50-day moving average is $231.91, while the 200-day moving average stands at $224.59. Honeywell has a beta of 0.843, indicating relatively lower volatility compared to the market.
$HON price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Honeywell reported revenue of $37.66 billion, with a modest growth rate of 2.4%. The company has an EPS of $12.52, a net margin of 10.89%, and a return on equity of 24.26%. Investors can expect the next earnings release on July 23, 2026.
Dividend
The company offers an annual dividend rate of $9.52 per share, resulting in a yield of 4.25%. Honeywell's dividend payout ratio is 74.12%, reflecting a substantial return of profits to shareholders.
Insider Buying and Selling at Honeywell International Inc.
Recently, CEO Vimal Kapur was involved in multiple transactions. On June 1, 2026, he bought and sold shares, with one transaction involving 1,997 shares. Other insiders, such as Jillian Evanko and Craig Arnold, also made purchases, reflecting ongoing insider activity.
Analysts Set New Price Targets
Besides Citigroup, Deutsche Bank maintained its buy rating for Honeywell with a $263 target on June 30, 2026. Daiwa Capital upgraded the stock to buy with a $255 target on the same day. Meanwhile, Morgan Stanley maintained a hold rating with a much higher target of $490 on June 29, 2026. The consensus among 24 analysts is a buy rating, with a mean price target of $474.75.
About Honeywell International Inc.
Honeywell International Inc., headquartered in Charlotte, North Carolina, operates in the industrial automation, building automation, and energy solutions sectors. Led by CEO Vimal M. Kapur, the company employs approximately 101,000 people. Honeywell provides a wide range of products and services, including automation control, building optimization, and energy management solutions.
Bottom Line
Citigroup's reiterated buy rating for Honeywell highlights continued confidence in the company's future. While the stock market can be volatile, Honeywell's solid fundamentals and strategic position in its industry make it a company to watch. As always, 13F filings and analyst ratings are backward-looking and reflect past performance and opinions, not future results.
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