Honeywell International Inc. (NASDAQ:HON) finished Friday with an addition of $1.14 to close at $186.30, an upside of 0.62 percent. An average of 1,975,680 shares of common stock have been traded in the last five days. There was a fall of -$0.28 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 2,576,575 shares traded, while the 50-day average volume stands at 2,757,816.
HON stock has decreased by -5.15% in the last month. The company shares reached their 1-month lowest point of $184.57 on 08/25/23. With the stock rallying to its 52-week high on 01/12/23, shares of the company touched a low of $166.63 and a high of $220.96 in 52 weeks. It has reached a new high 2 times so far this year and lost -13.07% or -$28.00 in price. In spite of this, the price is down -15.69% from the 52-week high.
Insider Transactions
HON stock investors should be aware that Honeywell International Inc. (HON) stock had its last reported insider trading activity 110 days ago on May 08. In this transaction, the insider spent $1,283,490. President and CEO, SPS, Koutsaftes George, disposed of 5,420 shares at a price of $214.17 on Nov 18. The insider now owns more than $1,160,798 worth of shares. Prior to that, Chairman and CEO Adamczyk Darius went on to Sale 40,520 shares at $211.20 each on Nov 08. An amount of $8,557,840 was transacted.
Valuation Metrics
Honeywell International Inc. (HON) has a trailing price-to-earnings (P/E) ratio of 23.06. The stock’s beta is 1.07. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.41, the price-to-book (PB) ratio at 7.17, and the price-to-cash flow ratio at 29.54.
Financial Health
The quick ratio of Honeywell International Inc. for the recent quarter was 1.10, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.02 and a total debt to equity ratio of 1.24 for the recent quarter. Honeywell International Inc.’s EBITDA margin is 23.80%, while its operating margin for the same period stands at 19.00%. Its gross profit as reported stood at $11.64 billion compared to revenue of $35.47 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Honeywell International Inc.’s return on assets was 8.90%.
Earnings Surprise
For the recent quarter, Honeywell International Inc. had $17.6 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.49 billion in the quarter, while revenues of $1.39 billion were grew 15.2%. Shareholders own equity worth $663.96 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Honeywell International Inc. (HON) price momentum. RSI 9-day as of the close on 25 August was 36.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 9.38%.
As of today, HON’s price is $186.30 -0.15% or -$0.28 from its 5-day moving average. HON is currently trading -4.55% lower than its 20-day SMA and -3.61% lower than its 100-day SMA. However, the stock’s current price level is -7.09% below the SMA50 and -11.19% below the SMA200.
The stochastic %K and %D were 18.32% and 17.58%, respectively, and the average true range (ATR) was 2.64. With the 14-day stochastic at 23.84% and the average true range at 2.78, the RSI (14) stands at 35.28%. The stock has reached -0.30 on the 9-day MACD Oscillator while the 14-day reading was at -1.26.
Analyst Ratings
UBS downgraded Honeywell International Inc. (NASDAQ: HON) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Honeywell International Inc. (HON) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell HON, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 11 others rate it as a “buy”.
What is HON’s price target for the next 12 months?
Analysts predict a range of price targets between $180.00 and $265.00, with a median target of $220.50. Taking a look at these predictions, the average price target given by analysts for Honeywell International Inc. (HON) stock is $220.09.
