Honeywell International Upgraded to 'Hold' by Wells Fargo & Company

Honeywell International (NASDAQ:HON) has been upgraded to a 'hold' rating by stock analysts at Wells Fargo & Company, according to a research note issued on Thursday. This is not the first time this year that HON's rating has changed; in July, Bank of America raised its rating from 'underperform' to 'neutral', while Barclays cut their target price from $251.00 to $239.00. The company's current ratio is 1.21, and its debt-to-equity ratio is 1.39.

Honeywell reported quarterly earnings per share (EPS) of $1.95, beating analysts' consensus estimates by $0.15. Revenue for the quarter was up 3.4% year over year. The company has set its Q3 2026 guidance at $2.050-2.200 EPS and its Q4 2026 guidance at $2.280-2.430 EPS.

CEO Kenneth West sold 17,032 shares of the firm's stock in a transaction that occurred on Monday, July 27th. The average price of the sale was $243.77 per share, resulting in a total transaction value of $4,151,890.64. This represents an 88.87% decrease in their position.