Citigroup Cuts Honeywell International (HON) Price Target to $270

Citigroup has reiterated its Buy rating on Honeywell and adjusted the price target to $270, a 27.48% upside from the current price.

By TradeTexts Research Desk · Published Oct 16, 2026, 2:05 PM EDT

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Citigroup cut its price target on Honeywell International Inc. ($HON) to $270 from $279 on October 12, 2026, and rates the stock "Buy".

Since the rating, $HON is up 0.8% to date (from the $209.64 close on Oct 12, 2026).

HON Honeywell International Inc.

$211.41 +4.30% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Citigroup maintained its Buy rating on Honeywell International Inc. (HON) and set a new price target of $270, down from $279.
Citigroup's $270 price target implies 27.48% upside from Honeywell International Inc.'s ($HON) current $211.80 share price.
Recently, Honeywell traded around $211.80, which is about 21.6% below Citigroup's new target.
The company is set to report its next earnings on October 22, 2026, with a trailing twelve-month revenue of $38.1 billion.

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Citigroup has reiterated its Buy rating on Honeywell International Inc. (HON) and adjusted its price target from $279 to $270 as of October 12, 2026.

Citigroup's Call on Honeywell

Citigroup's latest rating reflects a cautious outlook, with the price target now set at $270. This is a decrease from the previous target of $279. The firm maintains a positive stance on the stock, suggesting confidence in its long-term prospects despite the target adjustment.

Other Institutional Activity in Honeywell

Several other institutional investors have also adjusted 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 about $3.96 billion. Newport Trust Company, LLC grew its position by 6,432,598 shares to 12,865,197 shares valued at around $2.72 billion. Invesco Ltd. added 689,552 shares, ending with 11,249,305 shares worth about $2.38 billion.

Honeywell International Inc. Stock Up 2.0%

As of October 16, 2026, Honeywell shares recently traded around $211.80, which is about 18.6% below its 52-week high of $260.28. The stock is also trading below both its 50-day and 200-day moving averages, indicating a potential downward trend. The recent price is above the 52-week low of $195.87, suggesting some resilience in the stock's performance.

12-month forecast

$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 approximately $38.1 billion, with a net margin of 21.6% and a return on equity of 46.6%. The company has shown a year-over-year revenue growth of 4.3%. Honeywell's 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, for about $4.15 million at an average price of $243.77. On August 3, 2026, he sold an additional 316 shares for approximately $77,569 at an average price of $245.47. Both transactions occurred before the recent analyst actions.

Analysts Set New Price Targets

On October 12, 2026, Citigroup maintained its Buy rating on Honeywell with a revised price target of $270, down from $279. The average price target among analysts is $254.91, with 23 opinions suggesting a consensus recommendation of Buy.

About Honeywell International Inc.

Honeywell International Inc. is a diversified technology and manufacturing company. It operates in several sectors, including industrial automation and energy solutions. The company plays a significant role in providing various products and services globally, making it a key player in the industrial sector.

Bottom Line

Investors should keep an eye on Honeywell's upcoming earnings report on October 22, 2026, and any further analyst updates. The recent price target adjustment by Citigroup reflects a more cautious outlook while still maintaining a Buy recommendation.