Honeywell International Inc (NASDAQ: HON) has seen a rise in its stock price by 0.31 in relation to its previous close of 197.15. However, the company has experienced a -2.10% decline in its stock price over the last five trading sessions. CNBC International TV reported 2024-04-05 that Lucian Boldea of Honeywell Industrial Automation says AI will tackle both the ‘quantity’ and ‘quality’ of workforce skills gap.
Is It Worth Investing in Honeywell International Inc (NASDAQ: HON) Right Now?
Honeywell International Inc (NASDAQ: HON) has a price-to-earnings ratio that is above its average at 23.35x. The stock has a 36-month beta value of 1.02. Opinions on the stock are mixed, 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 at present, short sellers hold a 1.19% of that float. On April 09, 2024, the average trading volume of HON was 3.05M shares.
HON’s Market Performance
HON’s stock has seen a -2.10% decrease for the week, with a -2.39% drop in the past month and a -2.83% fall in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 1.50% for Honeywell International Inc The simple moving average for the past 20 days is -1.03% for HON’s stock, with a 1.19% 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 -0.60% 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 -6.22% of loss for the given period.
Volatility was left at 1.50%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares sank -1.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.37% lower at present.
During the last 5 trading sessions, HON fell by -2.10%, which changed the moving average for the period of 200-days by -2.00% in comparison to the 20-day moving average, which settled at $199.67. In addition, Honeywell International Inc saw -5.70% 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 3.89. 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 sum up, Honeywell International Inc (HON) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
