Goldman Sachs Lifts Honeywell (HON) Price Target Following Re-Segmentation Update

Honeywell International Inc. (NASDAQ:HON) is included among the Goldman Sachs Dividend Stocks: Top 14 Stock Picks.

On February 23, Goldman Sachs raised its price recommendation on Honeywell International Inc. (NASDAQ:HON) to $262 from $236. The firm maintained a Buy rating on the shares. Analysts said they updated their estimates to reflect the company’s re-segmentation, according to a research note.

That same day, Bloomberg reported that Honeywell agreed to proceed with its acquisition of Johnson Matthey Plc’s Catalyst Technologies unit. The price was reduced to £1.325 billion, down from the original £1.8 billion announced in May. The companies also pushed the deal deadline to July 21, with an option to extend it to August if needed.

After the sale closes, Johnson Matthey plans to return about £1 billion to shareholders. This will happen through a special dividend and share buybacks. The company said it is making steady progress on its cash-focused strategy and expects results to remain in line with its 2025–2026 outlook.

Johnson Matthey’s shares have risen nearly 60% over the past year. The gain followed the original announcement of the deal, showing strong investor response to the planned changes.

Honeywell International Inc. (NASDAQ:HON) operates as an integrated company serving industries across global markets. Its portfolio is supported by the Honeywell Accelerator operating system and the Honeywell Forge platform.

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