Honeywell International Inc (NASDAQ: HON) is -5.39% lower on its value in year-to-date trading and has touched a low of $174.88 and a high of $210.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HON stock was last observed hovering at around $197.76 in the last trading session, with the day’s gains setting it 0.65%.
Currently trading at $198.41, the stock is -0.63% and -0.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.92 million and changing 0.33% at the moment leaves the stock 1.54% off its SMA200. HON registered 4.17% gain for a year compared to 6-month gain of 7.45%. The firm has a 50-day simple moving average (SMA 50) of $3.89 and a 200-day simple moving average (SMA200) of $15.68.
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The stock witnessed a -1.17% loss in the last 1 month and extending the period to 3 months gives it a -2.10%, and is -0.91% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.71% over the week and 1.50% over the month.
Honeywell International Inc (HON) has around 95000 employees, a market worth around $129.40B and $36.65B in sales. Current P/E ratio is 23.42 and Fwd P/E is 18.22. Profit margin for the company is 15.44%. Distance from 52-week low is 13.45% and -5.91% from its 52-week high. The company has generated returns on investments over the last 12 months (16.98%).
Honeywell International Inc quarterly earnings per share for the current quarter are estimated at $2.17 with sales reaching $9.02B over the same period.The EPS is expected to grow by 8.58% this year, but quarterly earnings will post 4.90% year-over-year. Quarterly sales are estimated to grow 5.80% in year-over-year returns.
Honeywell International Inc (HON) Top Institutional Holders
2,924 institutions hold shares in Honeywell International Inc (HON), with institutional investors hold 79.24% of the company’s shares. The shares outstanding are 652.18M, and float is at 651.56M with Short Float at 1.19%. Institutions hold 79.16% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 61.15 million shares valued at $12.69 billion. The investor’s holdings represent 8.80% of the HON Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 43.08 million shares valued at $8.94 billion to account for 6.20% of the shares outstanding. The other top investors are State Street Corporation which holds 30.98 million shares representing 4.46% and valued at over $6.43 billion, while Wellington Management Group, LLP holds 2.94% of the shares totaling 20.41 million with a market value of $4.23 billion.
Honeywell International Inc (HON) Insider Activity
The most recent transaction is an insider sale by Adamczyk Darius,the company’sDirector. SEC filings show that Adamczyk Darius sold 25,500 shares of the company’s common stock on Feb 12 ’24 at a price of $197.19 per share for a total of $5.03 million. Following the sale, the insider now owns 0.18 million shares.
Honeywell International Inc disclosed in a document filed with the SEC on Feb 05 ’24 that Madden Anne T (SrVP and General Counsel) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Feb 05 ’24 and was made at $194.07 per share for $4.85 million. Following the transaction, the insider now directly holds 33683.0 shares of the HON stock.
Still, SEC filings show that on Nov 22 ’23, Adamczyk Darius (Director) disposed off 41,000 shares at an average price of $191.72 for $7.86 million. The insider now directly holds 180,453 shares of Honeywell International Inc (HON).
