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Why Honeywell International Inc (HON) Stock Could See Much Higher Prices Ahead

Honeywell International Inc (NASDAQ: HON) is -3.03% lower on its value in year-to-date trading and has touched a low of $174.88 and a high of $220.79 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 $203.70 in the last trading session, with the day’s loss setting it -0.35%.

Currently trading at $203.35, the stock is -0.17% and -0.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.83 million and changing -0.17% at the moment leaves the stock 0.44% off its SMA200. HON registered 4.58% gain for a year compared to 6-month gain of 0.98%.

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The stock witnessed a 0.96% loss in the last 1 month and extending the period to 3 months gives it a -5.46%, and is -0.39% 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 1.46% over the week and 1.56% over the month.

Honeywell International Inc (HON) has around 95000 employees, a market worth around $132.11B and $37.32B in sales. Current P/E ratio is 23.19 and Fwd P/E is 18.15. Profit margin for the company is 15.50%. Distance from 52-week low is 16.28% and -7.90% from its 52-week high. The company has generated returns on investments over the last 12 months (14.94%).

with sales reaching $9.91B over the same period.The EPS is expected to grow by 10.38% this year, but quarterly earnings will post 6.90% year-over-year. Quarterly sales are estimated to grow 7.30% in year-over-year returns.

Honeywell International Inc (HON) Top Institutional Holders

2986.0 institutions hold shares in Honeywell International Inc (HON), with institutional investors hold 80.43% of the company’s shares. The shares outstanding are 652.18M, and float is at 649.10M with Short Float at 1.05%. Institutions hold 80.36% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 60.88 million shares valued at $13.0 billion. The investor’s holdings represent 9.3326% of the HON Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 40.93 million shares valued at $8.74 billion to account for 6.2742 of the shares outstanding. The other top investors are STATE STREET CORP which holds 30.93 million shares representing 4.7424% and valued at over $6.61 billion, while JPMORGAN CHASE & CO holds 2.9355 of the shares totaling 19.15 million with a market value of $4.09 billion.

Honeywell International Inc (HON) Insider Activity

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Honeywell International Inc disclosed in a document filed with the SEC on May 15 ’24 that Adamczyk Darius (Director) sold a total of 28,500 shares of the company’s common stock. The trade occurred on May 15 ’24 and was made at $203.96 per share for $5.81 million. Following the transaction, the insider now directly holds 0.2 million shares of the HON stock.

Still, SEC filings show that on Apr 29 ’24, Lewis Gregory P (SrVP & Chief Financial Officer) disposed off 25,209 shares at an average price of $193.06 for $4.87 million. The insider now directly holds 55,471 shares of Honeywell International Inc (HON).

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