Honeywell International Inc [HON] stock is trading at $206.78, up 0.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The HON shares have gain 2.55% over the last week, with a monthly amount glided 1.44%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Honeywell International Inc [NASDAQ: HON] stock has seen the most recent analyst activity on September 06, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $210. Previously, Deutsche Bank downgraded its rating to Hold on April 16, 2024, and dropped its price target to $215. On March 06, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $240 on the stock. UBS downgraded its rating to a Sell and decreased its price target to $193 on January 04, 2023. Daiwa Securities downgraded its rating to a Neutral and reduced its price target to $194 on October 31, 2022. BofA Securities upgraded its rating to Buy for this stock on July 11, 2022, but kept the price target unchanged to $210. In a note dated January 14, 2022, Berenberg initiated an Hold rating and provided a target price of $230 on this stock.
Honeywell International Inc [HON] stock has fluctuated between $174.88 and $220.79 over the past year. Currently, Wall Street analysts expect the stock to reach $224.56 within the next 12 months. Honeywell International Inc [NASDAQ: HON] shares were valued at $206.78 at the most recent close of the market. An investor can expect a potential return of 8.6% based on the average HON price forecast.
Analyzing the HON fundamentals
Honeywell International Inc [NASDAQ:HON] reported sales of 37.32B for the trailing twelve months, which represents a growth of 4.71%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.21%, 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 0.08, Equity is 0.35 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.65.
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 205.44 points at the first support level, and at 204.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 207.94, and for the 2nd resistance point, it is at 209.10.
Ratios To Look Out For
For context, Honeywell International Inc’s Current Ratio is 1.21. On the other hand, the Quick Ratio is 0.91, and the Cash Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 3.60, the price to book ratio is 7.93 and price to earnings (TTM) ratio is 23.58.
Transactions by insiders
Recent insider trading involved KEVIN BURKE, Director, that happened on Aug 15 ’24 when 544.0 shares were purchased. Director, Adamczyk Darius completed a deal on May 15 ’24 to sell 28500.0 shares. Meanwhile, SrVP & Chief Financial Officer Lewis Gregory P sold 25209.0 shares on Apr 29 ’24.
