The Insider Activity Of Honeywell International Inc. (HON) Should Not Be Ignored

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As of Friday close, Honeywell International Inc.’s (NASDAQ:HON) stock was down -$4.5, moving down -2.38 percent to $184.64. The average number of shares traded per day over the past five days has been 4,656,740 shares. 2 times new highs have been achieved over the past 5 days, with a -$8.69 fall in that time frame. In the last twenty days, the average volume was 3,458,995, while in the previous 50 days, it was 3,342,286.

Since last month, HON stock retreated -8.46%. Shares of the company fell to $184.23 on 03/17/23, the lowest level in the past month. A 52-week high of $220.96 was reached on 01/12/23 after having rallying from a 52-week low of $166.63. Since the beginning of this year, HON’s stock price has dropped by -13.84% or -$29.66, and marked a new high 2 times. However, the stock has declined by -16.44% since its 52-week high.

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HON stock investors should be aware that Honeywell International Inc. (HON) stock had its last reported insider trading activity 120 days ago on Nov 18. Koutsaftes George, the President and CEO, SPS of the company, disposed of 5,420 shares for $214.17 on Nov 18. It resulted in a $1,160,798 divestment by the insider. Adamczyk Darius sold 40,520 shares at an average price of $211.20 on Nov 08. The insider now owns 170,881 shares following the transaction. On Nov 07, President & COO Kapur Vimal sold 7,500 shares at $207.46 apiece. The transaction was valued at $1,555,959.

Valuation Metrics

Right now, Honeywell International Inc. (HON) has a P/E ratio of about 25.39. The stock’s beta is 1.09. Besides these, the trailing price-to-sales (P/S) ratio of 3.47, the price-to-book (PB) ratio of 7.42, and the price-to-cash flow ratio of 68.80 may also be considered.

The latest dividend of $1.03 per share was paid out, remained unchanged from last year’s $1.03. On Friday September 30 2022, a $0.05 dividend increase was announced.

Financial Health

In the three months ended December 30, Honeywell International Inc.’s quick ratio stood at 1.00, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.91, and the total debt-to-equity ratio was 1.17. On the profitability front, the trailing twelve-month gross margin is 32.80% percent. In the year ended December 30, operating margins totaled 18.00%. Based on annual data, HON earned $11.64 billion in gross profit and brought in $35.47 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.70%. Return on equity (ROE) for the past 12 months was 28.30%.

In Honeywell International Inc.’s quarter-end financial report for December 30, it reported total debt of $15.12 billion against cash and short-term investments of $483.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HON’s revenue rose 5.76% to $8.95 billion during the quarter, while net income inched up to $9.19 billion. While analysts expected Honeywell International Inc. to report $2.51 quarterly earnings, the actual figure was $2.52 per share, beating the consensus estimate by 0.40%. During the quarter, the company generated $2.11 billion in EBITDA. The liabilities of Honeywell International Inc. were 44.96 billion at the end of its most recent quarter ended December 30, and its total debt was $19.57 billion. The value of shareholders’ equity is $668.14 million.

Technical Picture

This quick technical analysis looks at Honeywell International Inc.’s (HON) price momentum. With a historical volatility rate of 16.00%, the RSI 9-day stood at 22.14% on 17 March.

With respect to its five-day moving average, the current Honeywell International Inc. price is down by -4.49% percent or -$8.69. At present, HON shares trade -7.38% below its 20-day simple moving average and +1.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately -12.09% below its SMA50 and -4.64% below its SMA200.

Stochastic coefficient K was 18.64% and Stochastic coefficient D was 26.34%, while ATR was 4.36. Given the Stochastic reading of 2.72% for the 14-day period, the RSI (14) reading has been calculated as 27.88%. As of today, the MACD Oscillator reading stands at -4.41, while the 14-day reading stands at -5.42.

Analyst Ratings

Honeywell International Inc. downgraded its rating on Honeywell International Inc. (NASDAQ: HON) to a Sell in a note to investors on January 04, 2023. The analysts firm previously had a Buy rating on the stock.Honeywell International Inc. (HON) has been rated Overweight by analysts. According to 1 brokerage firm, HON is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Honeywell International Inc. stock as buy, with 11 recommending it as overweight.

With a median target price of $220.00, the current consensus forecast for the stock is $185.00 – $265.00. Based on these forecasts, analysts predict Honeywell International Inc. (HON) will achieve an average price target of $219.91.


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