As of Friday close, Honeywell International Inc.’s (NASDAQ:HON) stock was down -$1.65, moving down -0.86 percent to $189.78. The average number of shares traded per day over the past five days has been 2,657,140 shares. 3 times new highs have been achieved over the past 5 days, with a -$3.26 fall in that time frame. In the last twenty days, the average volume was 2,730,115, while in the previous 50 days, it was 2,847,570.
Since last month, HON stock rose 1.44%. Shares of the company fell to $183.23 on 09/07/23, 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 -11.44% or -$24.52, and marked a new high 2 times. However, the stock has declined by -14.11% 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 138 days ago on May 08. Kapur Vimal, the President & COO of the company, disposed of 6,500 shares for $197.46 on May 08. It resulted in a $1,283,490 divestment by the insider. Koutsaftes George sold 5,420 shares at an average price of $214.17 on Nov 18. The insider now owns 7,343 shares following the transaction. On Nov 08, Chairman and CEO Adamczyk Darius sold 40,520 shares at $211.20 apiece. The transaction was valued at $8,557,840.
Valuation Metrics
Right now, Honeywell International Inc. (HON) has a P/E ratio of about 23.49. The stock’s beta is 1.06. Besides these, the trailing price-to-sales (P/S) ratio of 3.50, the price-to-book (PB) ratio of 7.30, and the price-to-cash flow ratio of 30.27 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 June 29, Honeywell International Inc.’s quick ratio stood at 1.10, while its current ratio was 1.40, 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 June 29 was 1.02, and the total debt-to-equity ratio was 1.24. On the profitability front, the trailing twelve-month gross margin is 35.70% percent. In the year ended June 29, EBITDA margin amounted to 23.80%, whereas operating margins totaled 19.00%. 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 31.80%.
In Honeywell International Inc.’s quarter-end financial report for June 29, it reported total debt of $17.6 billion. 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 2.11% to $8.86 billion during the quarter, while net income inched up to $9.15 billion. While analysts expected Honeywell International Inc. to report $2.21 quarterly earnings, the actual figure was $2.23 per share, beating the consensus estimate by 0.90%. During the quarter, the company generated $2.17 billion in EBITDA. The liabilities of Honeywell International Inc. were 44.44 billion at the end of its most recent quarter ended June 29, and its total debt was $22.36 billion. The value of shareholders’ equity is $663.96 million.
Technical Picture
This quick technical analysis looks at Honeywell International Inc.’s (HON) price momentum. With a historical volatility rate of 15.76%, the RSI 9-day stood at 46.39% on 22 September.
With respect to its five-day moving average, the current Honeywell International Inc. price is down by -1.69% percent or -$3.26. At present, HON shares trade +2.50% above its 20-day simple moving average and -5.34% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.07% below its SMA50 and -11.98% below its SMA200.
Stochastic coefficient K was 62.43% and Stochastic coefficient D was 77.40%, while ATR was 2.79. Given the Stochastic reading of 47.26% for the 14-day period, the RSI (14) reading has been calculated as 47.70%. As of today, the MACD Oscillator reading stands at -0.66, while the 14-day reading stands at 2.03.
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 11 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 $220.50, the current consensus forecast for the stock is $180.00 – $265.00. Based on these forecasts, analysts predict Honeywell International Inc. (HON) will achieve an average price target of $219.86.
