JP Morgan Raises HON Price Target to $241

On October 23, 2026, JP Morgan reaffirmed its Overweight rating on Honeywell International Inc. (NasdaqGS: HON) while nudging its price target up from $240.00 to $241.00. The research note arrived as part of a busy day of Wall Street updates for the industrial conglomerate, sharing the date with similar moves from Evercore ISI Group and RBC Capital.

HON Honeywell International Inc.

$218.31 ▲ +7.71% year to date

1M 3M YTD

Daily close · Oct 22, 2026

JP Morgan's Call on Honeywell International Inc.

In its October 23 research note, JP Morgan kept its Overweight rating in place and adjusted the price target upward by a dollar to $241.00 from its prior target of $240.00. The rating represents the firm's forward-looking view on the stock's potential relative to its coverage universe.

Other Institutional Activity in Honeywell International Inc.

Other large investors adjusted their holdings in the industrial giant earlier in the year. Newport Trust Company, LLC grew its holdings by 6,432,598 shares, ending with 12,865,197 shares worth about $2.85 billion. Meanwhile, Franklin Resources, Inc. trimmed its stake by 263,452 shares, or 3.9%, leaving it with 6,509,094 shares valued at roughly $1.44 billion.

Honeywell International Inc. Stock Up 2.9%

Honeywell shares recently traded around $220.87 as of October 23, 2026, sitting down about 0.3% from the session's close of $221.60. The stock trades above its 50-day moving average of $212.56, though it sits below its 200-day moving average of $230.67. The share price rests well below its 52-week high of $260.28 and above its 52-week low of $195.87.

Recent Earnings

The industrial conglomerate generated $37.74 billion in trailing twelve-month revenue and posted earnings of $20.17 per share. Profitability metrics include a net profit margin of 18.7% and a return on equity of 44.4%. Investors will watch for the company's next earnings report on January 28, 2027, for further insight into its financial performance.

Dividend

Honeywell International Inc. distributes an annual dividend rate of $2.80 per share, giving it a dividend yield of 1.28%. The payout ratio sits at 34.7%, showing how much of its earnings the company returns to shareholders through dividends.

Insider Buying and Selling at Honeywell International Inc.

Company insiders executed open-market transactions during the summer months. Officer Kenneth J. West sold 17,032 shares on July 27, 2026, at an average price of $243.77 for a total value of $4.15 billion, followed by a smaller sale of 316 shares on August 3, 2026, at $245.47 per share worth $77,569.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock alongside JP Morgan's update. On October 14, 2026, RBC Capital maintained an Outperform rating and lowered its target from $293.00 to $270.00. On October 15, 2026, Mizuho maintained an Outperform rating and adjusted its target from $265.00 to $255.00. On October 23, 2026, Evercore ISI Group maintained an Outperform rating and raised its target from $265.00 to $270.00, while RBC Capital adjusted its target from $270.00 to $269.00 while keeping an Outperform rating. Overall, the stock carries a buy recommendation key and a mean target price of $254.26 across 23 analyst opinions.

About Honeywell International Inc.

Headquartered in Charlotte, North Carolina, Honeywell International Inc. operates across the industrial automation, building automation, and energy and sustainability solutions sectors. The company employs roughly 101,000 people globally, delivering software and hardware systems that help commercial buildings, manufacturing plants, and aerospace operations run more efficiently.

Bottom Line

JP Morgan's slight target adjustment highlights ongoing assessment by major financial institutions as Honeywell navigates through its fiscal year. Market participants will monitor upcoming institutional filings and the next earnings release on January 28, 2027, for further direction on the stock.