The stock of Honeywell International Inc (HON) has seen a 0.58% increase in the past week, with a 1.32% gain in the past month, and a 11.69% flourish in the past quarter. The volatility ratio for the week is 1.57%, and the volatility levels for the past 30 days are at 1.44% for HON. The simple moving average for the past 20 days is 1.17% for HON’s stock, with a 9.10% simple moving average for the past 200 days.
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 25.15x compared to its average ratio, The 36-month beta value for HON is at 1.03. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 7 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for HON is 650.59M, and currently, shorts hold a 1.18% of that float. The average trading volume for HON on July 23, 2024 was 2.66M shares.
HON) stock’s latest price update
Honeywell International Inc (NASDAQ: HON)’s stock price has gone rise by 1.10 in comparison to its previous close of 214.61, however, the company has experienced a 0.58% increase in its stock price over the last five trading days. zacks.com reported 2024-07-22 that Honeywell’s (HON) second-quarter results are likely to benefit from strength across the Aerospace Technologies segment. Weakness in the Industrial Automation segment is likely to have been a spoilsport.
Analysts’ Opinion of HON
Many brokerage firms have already submitted their reports for HON stocks, with Deutsche Bank repeating the rating for HON by listing it as a “Hold.” The predicted price for HON in the upcoming period, according to Deutsche Bank is $215 based on the research report published on April 16, 2024 of the current year 2024.
Berenberg, on the other hand, stated in their research note that they expect to see HON reach a price target of $240, previously predicting the price at $195. The rating they have provided for HON stocks is “Buy” according to the report published on March 06th, 2024.
UBS gave a rating of “Sell” to HON, setting the target price at $193 in the report published on January 04th of the previous year.
HON Trading at 3.86% 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 -1.73% of loss for the given period.
Volatility was left at 1.44%, however, over the last 30 days, the volatility rate increased by 1.57%, as shares surge +0.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.55% upper at present.
During the last 5 trading sessions, HON rose by +0.58%, which changed the moving average for the period of 200-days by +19.78% in comparison to the 20-day moving average, which settled at $214.54. In addition, Honeywell International Inc saw 3.46% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HON starting from Adamczyk Darius, who sale 28,500 shares at the price of $203.96 back on May 15 ’24. After this action, Adamczyk Darius now owns 203,510 shares of Honeywell International Inc, valued at $5,812,860 using the latest closing price.
Lewis Gregory P, the SrVP & Chief Financial Officer of Honeywell International Inc, sale 25,209 shares at $193.06 during a trade that took place back on Apr 29 ’24, which means that Lewis Gregory P is holding 55,471 shares at $4,866,850 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 0.16. The total capital return value is set at 0.15. Equity return is now at value 34.32, with 9.12 for asset returns.
Based on Honeywell International Inc (HON), the company’s capital structure generated 0.61 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 1.54. The interest coverage ratio of the stock is 9.12.
Currently, EBITDA for the company is 9.05 billion with net debt to EBITDA at 1.54. When we switch over and look at the enterprise to sales, we see a ratio of 4.23. The receivables turnover for the company is 4.87for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.
Conclusion
In conclusion, Honeywell International Inc (HON) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.