Honeywell International Inc. (NASDAQ:HON) saw a downside of -1.03% to close Tuesday at $187.65 after subtracting -$1.95 on the day. The 5-day average trading volume is 2,804,040 shares of the company’s common stock. It has gained $195.30 in the past week and touched a new high 1 time within the past 5 days. An average of 3,246,230 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,731,248.
HON’s 1-month performance is -9.67% or -$15.61 on its low of $186.57 reached on 08/08/23. The company’s shares have touched a 52-week low of $166.63 and high of $220.96, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, HON has lost -12.44% or -$26.65 and has reached a new high 2 times. However, the current price is down -15.08% from the 52-week high price.
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Insider Transactions
HON stock investors last saw insider trading activity on May 08.Kapur Vimal (President & COO) most recently sold 6,500 shares at $197.46 per share on May 08. This transaction cost the insider $1,283,490. President and CEO, SPS, Koutsaftes George, sold 5,420 shares at a price of $214.17 on Nov 18. Then, on Nov 08, Chairman and CEO Adamczyk Darius sold 40,520 shares at a price of $211.20 per share. This transaction amounted to $8,557,840.
Valuation Metrics
HON stock has a beta of 1.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.47 while the price-to-book (PB) in the most recent quarter is 7.22, with the price to cash flow ratio at 89.73.
Honeywell International Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.02, while the total debt to equity was 1.24.. In terms of profitability, the gross margin trailing 12 months is 35.70%. The trailing 12-month EBITDA margin is 23.80% while for the period ending June 29, Honeywell International Inc.’s operating margin was 19.00%. The firm’s gross profit as reported stood at $11.64 billion against revenue of $35.47 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Honeywell International Inc.’s cash and short-term investments amounted to $143.0 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 15.2% to $1.49 billion, while revenue of $1.39 billion was 6.25% off the previous quarter. Analysts expected HON to announce $2.21 per share in earnings in its latest quarter, but it posted $2.23, representing a 0.90% surprise. EBITDA for the quarter stood at more than $2.17 billion. HON stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 44.44 billion, with total debt at $22.36 billion. Shareholders hold equity totaling $663.96 million.
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 08 August was 17.53% to suggest the stock is trending oversold, with historical volatility in this time period at 25.42%.
The stock’s 5-day moving average is $189.97, reflecting a -3.01% or -$5.83 change from its current price. HON is currently trading -10.10% above its 20-day SMA, -0.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.40% and SMA200 by+4.67%.
Stochastic %K and %D was 3.66% and 2.51% and the average true range (ATR) pointed at 3.15. The RSI (14) points at 25.82%, while the 14-day stochastic is at 4.53% with the period’s ATR at 3.22. The stock’s 9-day MACD Oscillator is pointing at -3.30 and -9.24 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Honeywell International Inc. (NASDAQ: HON), UBS downgraded it to a Sell rating. They previously had a Buy rating on the stock. Analysts offering their rating for HON stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate HON as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 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 $180.00 and a high of $265.00, with their median price target at $220.50. Looking at these predictions, the average price target given by analysts is for Honeywell International Inc. (HON) stock is $220.45.
