Honeywell International Inc (NASDAQ: HON) has seen a decline in its stock price by -1.58 in relation to its previous close of 205.25. However, the company has experienced a 0.64% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-29 that Honeywell International (HON) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
Is It Worth Investing in Honeywell International Inc (NASDAQ: HON) Right Now?
Honeywell International Inc (NASDAQ: HON) has a higher price-to-earnings ratio of 23.85x compared to its average ratio. HON has 36-month beta value of 1.02. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 7 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for HON is 651.56M, and currently, short sellers hold a 1.19% ratio of that float. The average trading volume of HON on April 02, 2024 was 3.07M shares.
HON’s Market Performance
HON stock saw an increase of 0.64% in the past week, with a monthly gain of 1.65% and a quarterly increase of -3.42%. The volatility ratio for the week is 1.46%, and the volatility levels for the last 30 days are 1.42% for Honeywell International Inc (HON). The simple moving average for the past 20 days is 0.97% for HON’s stock, with a 3.33% simple moving average for the past 200 days.
Analysts’ Opinion of HON
Many brokerage firms have already submitted their reports for HON stocks, with Berenberg repeating the rating for HON by listing it as a “Buy.” The predicted price for HON in the upcoming period, according to Berenberg is $240 based on the research report published on March 06, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see HON reach a price target of $193, previously predicting the price at $220. The rating they have provided for HON stocks is “Sell” according to the report published on January 04th, 2023.
Daiwa Securities gave a rating of “Neutral” to HON, setting the target price at $194 in the report published on October 31st of the previous year.
HON Trading at 1.42% 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 -4.20% of loss for the given period.
Volatility was left at 1.42%, however, over the last 30 days, the volatility rate increased by 1.46%, as shares surge +1.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.94% upper at present.
During the last 5 trading sessions, HON rose by +0.64%, which changed the moving average for the period of 200-days by +0.45% in comparison to the 20-day moving average, which settled at $200.23. In addition, Honeywell International Inc saw -3.67% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HON starting from Adamczyk Darius, who sale 25,500 shares at the price of $197.19 back on Feb 12 ’24. After this action, Adamczyk Darius now owns 183,400 shares of Honeywell International Inc, valued at $5,028,345 using the latest closing price.
Madden Anne T, the SrVP and General Counsel of Honeywell International Inc, sale 25,000 shares at $194.07 during a trade that took place back on Feb 05 ’24, which means that Madden Anne T is holding 33,683 shares at $4,851,750 based on the most recent closing price.
Stock Fundamentals for HON
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.39 for the gross margin
The net margin for Honeywell International Inc stands at 0.15. The total capital return value is set at 0.17. Equity return is now at value 34.76, with 9.14 for asset returns.
Based on Honeywell International Inc (HON), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.3. The interest coverage ratio of the stock is 9.75.
Currently, EBITDA for the company is 9.05 billion with net debt to EBITDA at 1.43. When we switch over and look at the enterprise to sales, we see a ratio of 3.97. The receivables turnover for the company is 4.75for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
To put it simply, Honeywell International Inc (HON) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
