Honeywell International Inc. (NASDAQ:HON) is included among the Best Dividend Stocks for the Best Retirement Portfolio.
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Honeywell International Inc. (NASDAQ:HON) ranks among the leading names in the diversified industrial space, offering a broad range of products and solutions across multiple sectors and global markets.
On October 27, RBC Capital Markets upgraded Honeywell International Inc. (NASDAQ:HON) shares from Sector Perform to Outperform and lifted its price target from $235 to $253. The firm cited a strong third-quarter performance in 2025, viewing it as the start of a “catalyst-rich phase” as the company prepares to separate its Aerospace and Automation units in the latter half of 2026.
According to RBC, the upgrade reflects growing strength across Honeywell International Inc. (NASDAQ:HON) core operations, greater clarity around execution, and a credible plan to unlock value. The firm’s sum-of-the-parts analysis points to meaningful upside potential, supported by solid management execution and ongoing strategic progress.
RBC also expects investor attention to increasingly center on the long-term opportunities in the two independent entities to be created after the split, each expected to deliver steady growth and margin improvement once the uncertainty around the transition fades.
In addition, Honeywell International Inc. (NASDAQ:HON) continues to appeal to income investors with its reliable dividend payments. The company has raised its dividends 16 times in the past 15 years, which makes it an attractive option for the best retirement portfolio.
While we acknowledge the potential of HON as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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