Honeywell International Inc [HON] stock prices are up 2.05% to $205.13 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HON shares have gain 1.96% over the last week, with a monthly amount glided 3.51%, and seem to be holding up well over a long-time horizon.
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On 27, March 2024, HONEYWELL TO ACQUIRE CIVITANAVI SYSTEMS TO STRENGTHEN AUTONOMOUS OPERATIONS OFFERINGS IN AEROSPACE AND EXPAND EUROPEAN FOOTPRINT. In a post published today on Yahoo Finance, Civitanavi’s high-precision inertial navigation and stabilization solutions will help drive long-term growth across Honeywell’s commercial and defense businesses.
From an analyst’s perspective:
Honeywell International Inc [NASDAQ: HON] stock has seen the most recent analyst activity on March 06, 2024, when Berenberg upgraded its rating to a Buy and also boosted its price target to $240 from $195. Previously, UBS downgraded its rating to Sell on January 04, 2023, and dropped its price target to $193. On October 31, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $194 on the stock. BofA Securities upgraded its rating to a Buy but stick to its price target of $210 on July 11, 2022. Berenberg initiated its recommendation with a Hold and recommended $230 as its price target on January 14, 2022. UBS upgraded its rating to Buy for this stock on January 07, 2022, and upped its price target to $237. In a note dated January 04, 2022, Credit Suisse downgraded an Neutral rating on this stock and revised its target price from $243 to $226.
The stock price of Honeywell International Inc [HON] has been fluctuating between $174.88 and $210.87 over the past year. Currently, Wall Street analysts expect the stock to reach $226.4 within the next 12 months. Honeywell International Inc [NASDAQ: HON] shares were valued at $205.13 at the most recent close of the market. An investor can expect a potential return of 10.37% based on the average HON price forecast.
Analyzing the HON fundamentals
The Honeywell International Inc [NASDAQ:HON] reported sales of 36.65B for trailing twelve months, representing a surge of 2.76%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.33 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 203.14 points at the first support level, and at 201.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 206.19, and for the 2nd resistance point, it is at 207.25.
Honeywell International Inc [HON] reported earnings per share of $2.6 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.59/share, meaning a difference of $0.01 and a surprise factor of 0.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.27 per share as compared to estimates of $2.23 per share, a difference of $0.04 representing a surprise of 1.80%.
Ratios To Look Out For
It’s worth pointing out that Honeywell International Inc [NASDAQ:HON]’s Current Ratio is 1.27. Further, the Quick Ratio stands at 0.93, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 3.65, the price to book ratio is 8.44 and price to earnings (TTM) ratio is 24.22.
Transactions by insiders
Recent insider trading involved Adamczyk Darius, Director, that happened on Feb 12 ’24 when 25500.0 shares were sold. SrVP and General Counsel, Madden Anne T completed a deal on Feb 05 ’24 to sell 25000.0 shares. Meanwhile, Director Adamczyk Darius sold 41000.0 shares on Nov 22 ’23.
