Barclays Raises Honeywell (HON) PT After Q3 Earnings

Core Insights - Honeywell International Inc. is recognized as one of the top 10 Dow stocks to buy according to Wall Street analysts, with Barclays raising its price target from $265 to $270 while maintaining an Overweight rating [1][2]. Financial Performance - For Q3, Honeywell reported sales of $10.4 billion, reflecting a 7% increase in reported sales and a 6% increase in organic sales, surpassing the high end of its previous guidance [2][3]. - The company achieved an EPS of $2.86 and an Adjusted EPS of $2.82, both exceeding the high end of prior guidance [3]. - Orders increased by 22%, driven primarily by growth in Aerospace Technologies and Energy and Sustainability Solutions [3]. Business Segments - Honeywell's aerospace business is performing strongly, contributing to the company's overall growth [4]. - The company operates through various segments, including Aerospace Technologies, Building Automation, Energy and Sustainability Solutions, and Industrial Automation [4]. Future Outlook - Honeywell has raised its full-year guidance for organic growth and Adjusted EPS, indicating a positive outlook for the remainder of the year [3].