Goldman raises target for Honeywell stock as Honeywell wins USD 300 million role
Published on 10/02/2026 at 16:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Honeywell stock was trading at EUR 189.15 at Lang & Schwarz on October 2, 2026 at 4:36 p.m. CEST, down 0.53 percent from the prior close of EUR 190.16. On October 1, MarketBeat reported that Goldman Sachs raised its Honeywell target to USD 271 from USD 270 and retained a Buy rating as the company won a USD 300 million role on a planned Dangote refinery.
USD 300 million refinery role
Yahoo Finance reported on October 1, 2026, that Honeywell Technologies was selected to supply process technologies, licensing, engineering expertise, equipment, digital solutions and catalysts for Dangote's planned 700,000-barrel-per-day refinery in Kenya. The project is designed to use Honeywell technology for gasoline, diesel, jet fuel and polypropylene production.
Hydrocarbon Engineering said on October 1, 2026, that the Kenya facility would leverage solutions previously developed for Dangote's Lekki refinery in Nigeria. The industrial contract expands Honeywell's project exposure, although the timing of revenue recognition was not disclosed in the report.
Second-quarter revenue rises 3.40 percent
Honeywell's second-quarter 2026 revenue reached USD 9.72 billion, up 3.40 percent from the same quarter a year earlier. According to MarketBeat on October 1, 2026, quarterly earnings per share came to USD 1.95 versus USD 1.80 consensus, a USD 0.15 beat. The company set third-quarter 2026 earnings-per-share guidance at USD 2.05-2.20.
Automation growth carries execution risk
At a September 15, 2026 conference, management targeted 4.00 percent to 6.00 percent organic growth and said it expected to approach the upper end of that range in the near term, according to Investing.com. Process Automation Technology backlog rose 25.00 percent, while Industrial Automation orders increased 11.00 percent in the second quarter of 2026, giving the growth plan measurable operating support.
Stock remains below its yearly high
The primary-market quote was USD 213.58 on NASDAQ at 10:45 a.m. ET on October 2, 2026. The same quote showed a market capitalization of USD 67.7 billion and a 52-week range of USD 195.87 to USD 260.28, leaving the stock below its yearly high while the euro reference price remained tied to Lang & Schwarz.
The further course of trading is shown by the continuously updated real-time quote of Honeywell stock.
Honeywell stock facts
- Company: Honeywell International Inc.
- ISIN: US4385162056
- Ticker: HON
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 2, 2026, 4:36 p.m. CEST): EUR 189.15
- Change versus prior close: minus 0.53 percent
- Prior close Lang & Schwarz (October 1, 2026): EUR 190.16
- Market capitalization: USD 67.7 billion (as of October 2, 2026)
- 52-week range: USD 195.87-260.28 (as of October 2, 2026)
- Sector / Industry: Industrials / Conglomerates
