Did JPMorgan change its rating on Honeywell?

No, JPMorgan maintained an Overweight rating.

Is Honeywell a good dividend stock?

Yes, according to Renaissance Technologies, it is among the best dividend stocks.

Honeywell Among Top Dividend Picks for Renaissance Technologies

Q: Why did the analyst cut the price target?

Due to the Aerospace spin-off and updated Technologies guidance.

JPMorgan analyst Chigusa Katoku lowered Honeywell International (NASDAQ:HON) price target to $250 from $260, keeping an Overweight rating, citing the Aerospace spin and updated Technologies guidance. The stock is included in Renaissance Technologies' portfolio as a top dividend pick.

July 16, 2026

1 min read

Source: Insider Monkey

Key Numbers

price target old

$260

price target new

$250

rating

Overweight

Renaissance Technologies, the hedge fund founded by legendary investor Jim Simons, has listed Honeywell International (NASDAQ:HON) among its top dividend stocks. This comes as a JPMorgan analyst lowered the stock's price target.

Rating Change

On July 7, JPMorgan analyst Chigusa Katoku cut Honeywell's price target to $250 from $260, while maintaining an Overweight rating.

Analyst Rationale

Katoku attributed the reduction to the Aerospace spin-off and updated Technologies guidance, noting upside potential through 2026.

Context

The move comes as Honeywell restructures its business, planning to spin off its Aerospace unit into a standalone company. The stock also attracts interest from major hedge funds like Renaissance, known for quantitative strategies.

Conclusion

Despite the price target cut, the Overweight rating signals long-term confidence. Renaissance's inclusion of HON as a top dividend pick further underscores its appeal.

Frequently Asked Questions

The new price target is $250, down from $260.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.