New York, Jan 7, 2026, 20:55 EST — Market closed
Honeywell International Inc (HON) shares fell about 2.7% to close at $199.51 on Wednesday, slipping back below the $200 mark. Trading volume was about 5.1 million shares.
The drop comes ahead of Honeywell’s fourth-quarter results and its first look at 2026 guidance — the company’s financial forecast — due on Jan. 29 before the Nasdaq opens.
Wells Fargo analyst Joseph O’Dea cut his price target on Honeywell to $215 from $218 and kept an Equal Weight rating, a hold-style stance on the shares. He pointed to “underwhelming initial 2026 guidance ranges” across the group. TipRanks
Wall Street has been skittish around the labor data, which has fed the debate over how far and how fast the Federal Reserve can cut rates. U.S. job openings fell by 303,000 to 7.146 million in November, the Labor Department reported.
Honeywell also put out fresh contract news on Wednesday, saying the U.S. Army selected it to modernize building automation systems at Fort Benning in Georgia. The work spans more than 3 million square feet across nearly 300 buildings and is expected to save an additional $1.8 million annually, Honeywell said.
On Tuesday, Honeywell said it signed an agreement with Technip Energies to supply liquefied natural gas, or LNG, pretreatment and liquefaction technology for Commonwealth LNG’s planned export facility in Louisiana. The project is designed for 9.5 million tonnes per annum of LNG, the company said.
Honeywell traded between $198.52 and $206.00 on Wednesday, and sits below its 52-week high of $241.72. Its 52-week low is $179.36.
The slide tracked weakness across industrial and aerospace names. GE Aerospace fell 1.19% and RTX dropped 2.45%, while the S&P 500 slipped 0.34% and the Dow fell 0.94%, market data showed.
Still, the stock has an overhang: Honeywell said in late December it expected a one-time charge of about $470 million in the fourth quarter tied to a potential settlement with Flexjet, and it lowered its 2025 adjusted earnings outlook after shifting its Advanced Materials unit into discontinued operations accounting.
Investors now look to Friday’s U.S. nonfarm payrolls report for the next read on rates and cyclical demand. For Honeywell, the next clear catalyst is its Jan. 29 earnings report, expected before the market opens.
