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Honeywell International Inc (HON) Looks Ready for Growth Despite -9.06% Change This Year

Honeywell International Inc (NASDAQ: HON) is -9.06% 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 $194.04 in the last trading session, with the day’s loss setting it -3.32%.

Currently trading at $190.72, the stock is -4.19% and -3.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.8 million and changing -1.71% at the moment leaves the stock -2.33% off its SMA200. HON registered -2.97% loss for a year compared to 6-month gain of 3.90%.

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The stock witnessed a -3.53% loss in the last 1 month and extending the period to 3 months gives it a -3.56%, and is -3.88% 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 1.58% over the week and 1.50% over the month.

Honeywell International Inc (HON) has around 95000 employees, a market worth around $124.38B and $36.65B in sales. Current P/E ratio is 22.51 and Fwd P/E is 17.52. Profit margin for the company is 15.44%. Distance from 52-week low is 9.06% and -9.56% from its 52-week high. The company has generated returns on investments over the last 12 months (16.98%).

The EPS is expected to grow by 8.59% this year.

Honeywell International Inc (HON) Top Institutional Holders

The shares outstanding are 652.18M, and float is at 651.53M with Short Float at 1.17%.

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).

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