Honeywell International Inc (NASDAQ: HON) is -1.29% 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 $203.33 in the last trading session, with the day’s gains setting it 3.67%.
Currently trading at $207.00, the stock is 1.11% and 2.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.12 million and changing 1.80% at the moment leaves the stock 2.10% off its SMA200. HON registered 12.10% gain for a year compared to 6-month gain of 4.33%. The firm has a 50-day simple moving average (SMA 50) of $202.7994 and a 200-day simple moving average (SMA200) of $202.73904.
The stock witnessed a 2.90% loss in the last 1 month and extending the period to 3 months gives it a -3.49%, and is 0.45% up 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 1.61% over the week and 1.56% over the month.
Honeywell International Inc (HON) has around 95000 employees, a market worth around $134.48B and $37.32B in sales. Current P/E ratio is 23.61 and Fwd P/E is 18.53. Profit margin for the company is 15.50%. Distance from 52-week low is 18.37% and -6.25% from its 52-week high. The company has generated returns on investments over the last 12 months (14.94%).
with sales reaching $9.9B over the same period.The EPS is expected to grow by 10.18% this year, but quarterly earnings will post 6.90% year-over-year. Quarterly sales are estimated to grow 7.20% in year-over-year returns.
Honeywell International Inc (HON) Top Institutional Holders
2955.0 institutions hold shares in Honeywell International Inc (HON), with institutional investors hold 80.31% 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 80.24% 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).
