The stock price of Honeywell International Inc (NASDAQ: HON) has plunged by -1.95 when compared to previous closing price of 203.69, but the company has seen a -0.84% decline in its stock price over the last five trading sessions. zacks.com reported 2024-08-05 that Investors looking for stocks in the Diversified Operations sector might want to consider either Marubeni Corp. (MARUY) or Honeywell International Inc. (HON). But which of these two stocks presents investors with the better value opportunity right now?
Is It Worth Investing in Honeywell International Inc (NASDAQ: HON) Right Now?
The price-to-earnings ratio for Honeywell International Inc (NASDAQ: HON) is above average at 22.77x. The 36-month beta value for HON is also noteworthy at 1.02. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 7 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HON is 649.09M, and at present, short sellers hold a 1.10% of that float. The average trading volume of HON on August 06, 2024 was 2.75M shares.
HON’s Market Performance
The stock of Honeywell International Inc (HON) has seen a -0.84% decrease in the past week, with a -5.90% drop in the past month, and a 1.99% gain in the past quarter. The volatility ratio for the week is 2.56%, and the volatility levels for the past 30 days are at 2.05% for HON. The simple moving average for the past 20 days is -5.43% for HON’s stock, with a -0.15% simple moving average for the past 200 days.
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 -4.73% 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 -9.55% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares sank -5.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.52% lower at present.
During the last 5 trading sessions, HON fell by -0.84%, which changed the moving average for the period of 200-days by +7.19% in comparison to the 20-day moving average, which settled at $210.58. In addition, Honeywell International Inc saw -4.77% 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 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:
- 0.21 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 0.16. Equity return is now at value 33.78, with 8.79 for asset returns.
Based on Honeywell International Inc (HON), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 1.65. The interest coverage ratio of the stock is 12.67.
Currently, EBITDA for the company is 9.05 billion with net debt to EBITDA at 2.07. When we switch over and look at the enterprise to sales, we see a ratio of 4.0. The receivables turnover for the company is 4.7for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
In summary, Honeywell International Inc (HON) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
