The stock of Honeywell International Inc (HON) has gone up by 0.70% for the week, with a 1.85% rise in the past month and a 4.40% rise in the past quarter. The volatility ratio for the week is 1.67%, and the volatility levels for the past 30 days are 1.74% for HON. The simple moving average for the past 20 days is -2.69% for HON’s stock, with a 1.91% simple moving average for the past 200 days.
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 23.97x. 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 649.66M, and at present, short sellers hold a 1.23% of that float. The average trading volume of HON on November 05, 2024 was 3.08M shares.
HON) stock’s latest price update
Honeywell International Inc (NASDAQ: HON)’s stock price has gone decline by -0.79 in comparison to its previous close of 209.19, however, the company has experienced a 0.70% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-11-02 that Honeywell reported better-than-expected profits in Q3 2024 but reduced its full-year sales and profit forecast due to cost pressures and weaker performance in Industrial Automation. Aerospace Technologies and Building Automation segments showed strong double-digit sales growth, helping to offset a 5% sales decline in Industrial Automation. Despite the sell-off, Honeywell remains appealing for passive income investors with a reliable 2% dividend yield and a lower valuation, especially with potential for long-term dividend growth.
Analysts’ Opinion of HON
Robert W. Baird, on the other hand, stated in their research note that they expect to see HON reach a price target of $217, previously predicting the price at $223. The rating they have provided for HON stocks is “Neutral” according to the report published on October 25th, 2024.
BofA Securities gave a rating of “Neutral” to HON, setting the target price at $230 in the report published on October 24th of the current year.
HON Trading at -0.19% 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 -6.92% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares surge +2.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.50% upper at present.
During the last 5 trading sessions, HON rose by +0.70%, which changed the moving average for the period of 200-days by +3.37% in comparison to the 20-day moving average, which settled at $213.28. In addition, Honeywell International Inc saw -1.03% 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 GREGORY LEWIS, who proposed sale 26,110 shares at the price of $206.64 back on Oct 29 ’24. After this action, GREGORY LEWIS now owns shares of Honeywell International Inc, valued at $5,395,412 using the latest closing price.
WILLIAM S AYER, the Officer of Honeywell International Inc, proposed sale 2,254 shares at $206.74 during a trade that took place back on Oct 28 ’24, which means that WILLIAM S AYER is holding shares at $465,992 based on the most recent closing price.
Stock Fundamentals for HON
Current profitability levels for the company are sitting at:
- 0.22 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 0.15. Equity return is now at value 32.81, with 8.43 for asset returns.
Based on Honeywell International Inc (HON), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 1.77. The interest coverage ratio of the stock is 8.44.
Currently, EBITDA for the company is 9.05 billion with net debt to EBITDA at 2.15. When we switch over and look at the enterprise to sales, we see a ratio of 4.1. The receivables turnover for the company is 4.8for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.
Conclusion
In summary, Honeywell International Inc (HON) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
