Jefferies Sees Steady Performance at Honeywell International Inc. (HON), Raises PT to $240

Core Insights - Honeywell International Inc. is recognized as one of the 13 Best Roth IRA Stocks to Buy Now [1] - Jefferies raised its price target for Honeywell to $240 from $220 while maintaining a Hold rating, citing solid quarterly performance with 6% organic growth and a 2026 organic growth guidance of 3% to 6% [2] Financial Performance - In Q4 2025, Honeywell reported strong results with adjusted sales and adjusted EPS exceeding expectations, and a 23% increase in orders [3] - The company's backlog rose to over $37 billion, enhancing management's visibility into future demand [3] Growth Outlook - For 2026, Honeywell is positioned for significant growth in revenue and earnings, attributed to recent portfolio changes, ongoing R&D investments, and a strong backlog [4] - The company has completed the spin-off of Solstice Advanced Materials and anticipates the Aerospace spin-off to close in Q3 2026, with new leadership appointments in place [4] Organizational Changes - Honeywell has reorganized into four segments: Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation, aiming to simplify operations and improve alignment [5] - Plans are in place to divest Productivity Solutions and Services and Warehouse and Workflow Solutions in the first half of 2026 [5] Innovations and Partnerships - Developments at Quantinuum include raising approximately $840 million at a $10 billion valuation, launching the Helios quantum computer, and expanding partnerships with major companies like NVIDIA and JPMorgan [6] Business Operations - Honeywell operates across various industries and regions, supported by the Honeywell Accelerator operating system and the Honeywell Forge platform, providing solutions in aerospace, building automation, industrial automation, and process technology [7]