The stock of Honeywell International Inc. (NASDAQ:HON) decreased by -$1.42 on Tuesday to $188.09, down -0.75 percent. The last five days have seen an average of 2,369,621 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$26.19. The average number of shares traded over the last 20 days was 3,175,035, while the average volume over the last 50 days totaled 2,717,534.
HON stock dropped -9.65% since last month. On 08/15/23, the company’s shares reached a one-month low of $186.56. The stock touched a high of $220.96 on 01/12/23, after rallying from a low of $166.63 in 52 weeks. The price of HON stock has declined by -12.23% or -$26.19 this year, reaching a new high 2 times. Still, the stock price is down -14.88% from the 52-week high.
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Insider Transactions
HON stock investors should be aware that Honeywell International Inc. (HON) stock had its last reported insider trading activity 99 days ago on May 08. On May 08, President & COO Kapur Vimal sold 6,500 shares at $197.46 each. This transaction resulted in the insider making $1,283,490. On Nov 18, Koutsaftes George sold 5,420 shares at a price of US$214.17. After the transaction, the insider now owns 7,343 shares. Chairman and CEO Adamczyk Darius had earlier sold 40,520 shares on Nov 08 for $211.20 a share. The transaction was completed for $8,557,840.
Valuation Metrics
Honeywell International Inc. (HON) has a trailing price-to-earnings (P/E) ratio of 23.28. Beta for the stock is 1.07. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.42, the price-to-book (PB) ratio of 7.23, and the price-to-cash flow ratio of 29.62.
Company paid $1.03 per share in dividends, remained unchanged from $1.03 last year. A $0.05 dividend increase was reported on Friday September 30 2022.
Financial Health
For the three months ended June 29, Honeywell International Inc.’s quick ratio was 1.10, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.02, and the total debt to equity ratio is 1.24. As far as profitability goes, gross margin for the trailing twelve months is 35.70% percent. Honeywell International Inc.’s EBITDA margin for the year ended June 29 was 23.80%, whereas its operating margin stood at 19.00% for the same period. Based on annual data, it had gross profit of $11.64 billion and revenue of $35.47 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HON’s return on assets (ROA) during the last 12 months has been 8.90%. There was a 13.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 31.80%.
Earnings Surprise
According to Honeywell International Inc.’s quarterly financial report for the quarter that ended June 29, it had $17.6 billion in total debt versus $143.0 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $9.15 billion, while revenues rose by 2.11% to $8.86 billion. It was predicted that Honeywell International Inc.’s quarterly earnings would be $2.23, but it ended up being $2.21, beating the consensus by 0.90%. EBITDA was $2.17 billion for the quarter. At the end of Honeywell International Inc.’s most recent quarter ended June 29, its liabilities totaled 44.44 billion, while its total debt was $22.36 billion. Equity owned by shareholders amounts to $663.96 million.
Technical Picture
Here’s a quick look at Honeywell International Inc.’s (HON) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 28.86%, suggesting the stock is oversold, with a 11.81% historical volatility rate.
The stochastic %K and %D were 13.03% and 12.93% respectively, while the average true range (ATR) was 3.05. Based on the 14-day stochastic reading of 8.83%, the RSI (14) reading is 31.82%. On the 9-day MACD Oscillator, the stock is at 0.18, and the 14-day reading is at -1.67.
Analyst Ratings
Honeywell International Inc. (NASDAQ: HON) was downgraded by UBS to a a Sell rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Honeywell International Inc. (HON) an Overweight rating. HON is a stock that is recommended for selling by 1 brokerage firm, while 11 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 11 others recommend it as a buy.
What is HON’s price target for the next 12 months?
The current consensus forecast for the stock is between $180.00 and $265.00, with a median target price of $220.50. In analyzing these forecasts, the average price target given by analysts for Honeywell International Inc. (HON) is $220.54.
