Honeywell International Inc (NASDAQ: HON) has seen a rise in its stock price by 0.65 in relation to its previous close of 229.11. However, the company has experienced a 0.76% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-25 that HON’s divestment of the PPE business will enable it to focus more on its core business and generate strong cash flow.
Is It Worth Investing in Honeywell International Inc (NASDAQ: HON) Right Now?
Honeywell International Inc (NASDAQ: HON) has a price-to-earnings ratio of 26.63x that is above its average ratio. Additionally, the 36-month beta value for HON is 1.04. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 7 rating it as “overweight,” 15 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HON is 649.66M and currently, short sellers hold a 1.43% ratio of that float. The average trading volume of HON on November 26, 2024 was 3.66M shares.
HON’s Market Performance
The stock of Honeywell International Inc (HON) has seen a 0.76% increase in the past week, with a 10.87% rise in the past month, and a 11.88% gain in the past quarter. The volatility ratio for the week is 1.37%, and the volatility levels for the past 30 days are at 1.92% for HON. The simple moving average for the last 20 days is 4.43% for HON stock, with a simple moving average of 12.12% for the last 200 days.
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 7.56% 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 -5.01% of loss for the given period.
Volatility was left at 1.92%, however, over the last 30 days, the volatility rate increased by 1.37%, as shares surge +11.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.66% upper at present.
During the last 5 trading sessions, HON rose by +0.76%, which changed the moving average for the period of 200-days by +18.35% in comparison to the 20-day moving average, which settled at $220.81. In addition, Honeywell International Inc saw 9.96% 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 KEVIN BURKE, who proposed sale 504 shares at the price of $230.67 back on Nov 15 ’24. After this action, KEVIN BURKE now owns shares of Honeywell International Inc, valued at $116,258 using the latest closing price.
D. SCOTT DAVIS, the Director of Honeywell International Inc, proposed sale 2,450 shares at $218.37 during a trade that took place back on Nov 08 ’24, which means that D. SCOTT DAVIS is holding shares at $535,011 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 8.73 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 4.5. 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 conclusion, Honeywell International Inc (HON) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
