At the time of writing, Honeywell International Inc [HON] stock is trading at $233.91, up 3.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The HON shares have gain 12.04% over the last week, with a monthly amount glided 7.50%, 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 October 28, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Robert W. Baird downgraded its rating to Neutral on October 25, 2024, and dropped its price target to $217. On October 24, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $230 on the stock. JP Morgan downgraded its rating to a Neutral and increased its price target to $235 on October 10, 2024. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $210 as its price target on September 06, 2024. Deutsche Bank downgraded its rating to Hold for this stock on April 16, 2024, and downed its price target to $215. In a note dated March 06, 2024, Berenberg upgraded an Buy rating on this stock and boosted its target price from $195 to $240.
For the past year, the stock price of Honeywell International Inc fluctuated between $185.71 and $225.32. Currently, Wall Street analysts expect the stock to reach $223.63 within the next 12 months. Honeywell International Inc [NASDAQ: HON] shares were valued at $233.91 at the most recent close of the market. An investor can expect a potential drop of -4.39% based on the average HON price forecast.
Analyzing the HON fundamentals
According to Honeywell International Inc [NASDAQ:HON], the company’s sales were 37.84B for trailing twelve months, which represents an 5.66% jump. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.19%, 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 0.34 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.77.
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 228.07 points at the first support level, and at 222.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 241.26, and for the 2nd resistance point, it is at 248.61.
Ratios To Look Out For
It is important to note that Honeywell International Inc [NASDAQ:HON] has a current ratio of 1.44. On the other hand, the Quick Ratio is 1.12, and the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 4.02, the price to book ratio is 8.74 and price to earnings (TTM) ratio is 27.01.
Transactions by insiders
Recent insider trading involved D. SCOTT DAVIS, Director, that happened on Nov 08 ’24 when 2450.0 shares were purchased. Officer, KAREN L MATTIMORE completed a deal on Nov 05 ’24 to buy 12532.0 shares. Meanwhile, Officer GREGORY LEWIS bought 26110.0 shares on Oct 29 ’24.
