Honeywell International Inc. (NASDAQ: HON)’s stock price has increased by 0.74 compared to its previous closing price of 193.04. However, the company has seen a 4.43% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-09-14 that The integration of Honeywell’s (HON) automation and process safety solutions is aimed at helping ABF optimize its manufacturing process and workflow.
Is It Worth Investing in Honeywell International Inc. (NASDAQ: HON) Right Now?
Honeywell International Inc. (NASDAQ: HON) has a price-to-earnings ratio of 24.07x that is above its average ratio. Additionally, the 36-month beta value for HON is 1.07. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 3 rating it as “overweight,” 11 rating it as “hold,” and 1 rating it as “sell.”
The average price predicted by analysts for HON is $219.86, which is $25.04 above the current price. The public float for HON is 661.61M and currently, short sellers hold a 0.83% ratio of that float. The average trading volume of HON on September 19, 2023 was 2.77M shares.
HON’s Market Performance
HON stock saw an increase of 4.43% in the past week, with a monthly gain of 4.56% and a quarterly increase of -4.19%. The volatility ratio for the week is 1.75%, and the volatility levels for the last 30 days are 1.36% for Honeywell International Inc. (HON). The simple moving average for the last 20 days is 3.63% for HON stock, with a simple moving average of -2.36% for the last 200 days.
Analysts’ Opinion of HON
Many brokerage firms have already submitted their reports for HON stocks, with UBS repeating the rating for HON by listing it as a “Sell.” The predicted price for HON in the upcoming period, according to UBS is $193 based on the research report published on January 04, 2023 of the current year 2023.
HON Trading at 0.18% from the 50-Day Moving Average
After a stumble in the market that brought HON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.99% of loss for the given period.
Volatility was left at 1.36%, however, over the last 30 days, the volatility rate increased by 1.75%, as shares surge +4.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.33% lower at present.
During the last 5 trading sessions, HON rose by +4.43%, which changed the moving average for the period of 200-days by -10.27% in comparison to the 20-day moving average, which settled at $188.04. In addition, Honeywell International Inc. saw -9.26% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at HON starting from Kapur Vimal, who sale 6,500 shares at the price of $197.46 back on May 08. After this action, Kapur Vimal now owns 8,622 shares of Honeywell International Inc., valued at $1,283,490 using the latest closing price.
Koutsaftes George, the President and CEO, SPS of Honeywell International Inc., sale 5,420 shares at $214.17 during a trade that took place back on Nov 18, which means that Koutsaftes George is holding 7,343 shares at $1,160,798 based on the most recent closing price.
Stock Fundamentals for HON
Current profitability levels for the company are sitting at:
- +20.40 for the present operating margin
- +38.40 for the gross margin
The net margin for Honeywell International Inc. stands at +14.01. The total capital return value is set at 18.61, while invested capital returns managed to touch 14.99. Equity return is now at value 31.80, with 8.90 for asset returns.
Based on Honeywell International Inc. (HON), the company’s capital structure generated 123.00 points at debt to equity in total, while total debt to capital is 55.16. Total debt to assets is 32.98, with long-term debt to equity ratio resting at 95.21. Finally, the long-term debt to capital ratio is 42.70.
When we switch over and look at the enterprise to sales, we see a ratio of 3.84, with the company’s debt to enterprise value settled at 0.13. The receivables turnover for the company is 4.85 and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
In conclusion, Honeywell International Inc. (HON) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.