Is Honeywell International Inc. (HON) Good For Your Portfolio?

Honeywell International Inc. (NASDAQ:HON) saw a downside of -0.45% to close Tuesday at $214.33 after subtracting -$0.96 on the day. The 5-day average trading volume is 1,534,520 shares of the company’s common stock. It has gained $219.86 in the past week. An average of 2,291,620 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,110,856.

HON’s 1-month performance is -4.15% or -$8.04 on its low of $211.63 reached on 10/01/21. The company’s shares have touched a 52-week low of $159.42 and high of $236.86, with the stock’s rally to the 52-week high happening on 08/02/21. YTD, HON has achieved 0.77% or $1.63. However, the current price is down -9.51%% from the 52-week high price.

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Insider Transactions

On Aug 30, 44 days have gone by since the last insider trading activity for Honeywell International Inc. (HON). Adamczyk Darius (Chairman and CEO) most recently sold 28,571 shares at $231.97 per share on Aug 30. This transaction cost the insider $6,627,615. President & CEO, HCE, Dallara Que, sold 10,759 shares at a price of $231.28 on Aug 10. Then, on Apr 29, SrVP and General Counsel Madden Anne T sold 8,885 shares at a price of $223.22 per share. This transaction amounted to $1,983,310.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 78.82 and a low of 12.35. HON stock has a beta of 1.16. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.37 while the price-to-book (PB) in the most recent quarter is 8.29, with the price to cash flow ratio at 59.66.

It is projected that Honeywell International Inc.’s next ex-dividend date will be on 10-Nov-2021. HON is expected to distribute $0.98 as its next dividend.

Honeywell International Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.40 meaning that HON stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.90, while the total debt to equity was 1.19. In terms of profitability, the gross margin trailing 12 months is 32.10%. The trailing 12-month EBITDA margin is 22.34% while for the period ending June 29; Honeywell International Inc.’s operating margin was 19.40%. The firm’s gross profit as reported stood at $10.47 billion against revenue of $32.64 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Honeywell International Inc.’s cash and short-term investments amounted to $891.0 million against total debt of $22.36 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 15.11% to $8.81 billion, while revenue of $8.45 billion was 4.02% off the previous quarter. Analysts expected HON to announce $1.94 per share in earnings in its latest quarter, but it posted $2.02, representing a 4.10% surprise. EBITDA for the quarter stood at more than $1.88 billion. HON stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 45.74 billion, with total debt at $22.36 billion. Shareholders hold equity totaling $690.4 million

Technical Picture

Let’s look briefly at Honeywell International Inc. (HON) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 39.08% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.23%.

The stock’s 5-day moving average is $216.51, reflecting a -0.64% or -$1.39 change from its current price. HON is currently trading -2.66% above its 20-day SMA, -3.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -7.78% and +2.29% respectively.

Stochastic %K and %D was 42.51% and 53.52% and the average true range (ATR) pointed at 3.17. The RSI (14) points at 39.49%, while the 14-day stochastic is at 27.68% with the period’s ATR at 3.22. The stock’s 9-day MACD Oscillator is pointing at 0.17 and -0.45 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Honeywell International Inc. (NASDAQ: HON), Wells Fargo launched coverage with an Equal weight rating. Analysts offering their rating for HON stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate HON as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 12 have offered a “buy” rating.

What is HON’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $200.00 and a high of $278.00, with their median price target at $247.00. Looking at these predictions, the average price target given by analysts is for Honeywell International Inc. (HON) stock is $243.10.


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