Honeywell International Stock: Is Wall Street Bullish or Bearish?

Charlotte, North Carolina-based Honeywell International Inc. (HON) engages in the industrial automation, building automation, and energy and sustainability solutions businesses in the United States and internationally. The company has a market cap of $77 billion and provides automation control and instrumentation products and services, smart energy products and sensing technologies, including custom-engineered sensors and related services, among others. 

HON stock has lagged behind the broader market over the past year, growing 7.1% compared to the S&P 500 Index’s ($SPX) 19.9% surge. Moreover, in 2026, the stock has risen by nearly 12.1%, underperforming the SPX’s 12.9% rise.      

Focusing on its industry benchmark, the State Street Industrials Select Sector SPDR ETF (XLI) has risen 23.5% over the past year, underperforming the stock. In 2026, XLI has grown 19.7% and has outpaced the stock.       

On June 29, HON announced the completion of the spin-off of its Aerospace Technologies business and a new ticker for the spin-off company, which would trade on NASDAQ under the ticker HONA. The newly introduced Honeywell Aerospace will continue providing its aerospace solutions that HON was known for, just under a different wing and with its own identity in the market. HON also raised its adjusted EPS target to $7.90 to $8.30, post-split, for the full year. However, the market did not react positively to the split, leading to a loss in investor confidence and ultimately a 6.8% decline in its stock value that day. 

For the current fiscal year, which ended last month, analysts expect HON’s EPS to fall 57.8% to $8.25 on a diluted basis. The company surpassed the consensus estimate in each of the last four quarters.   

Among the 23 analysts covering HON stock, the consensus is a “Moderate Buy.” That’s based on 14 “Strong Buy” ratings, one “Moderate Buy,” seven “Holds,” and one “Strong Sell.”

The configuration has grown more bullish over the past months, with the stock now having 14 “Strong Buy” ratings, up from 13 recorded three months prior.

On July 30, J.P. Morgan analyst Chigusa Katoku maintained a “Buy” rating on Honeywell International and set a price target of $262. 

HON’s mean price target of $266.90 offers a 16% upside compared to the current market price. Its Street-high target of $299.79 implies a robust 30.3% upside from current levels.