On December 03, 2019, Honeywell International Inc. (NYSE:HON) shares lost -1.02% or -1.77 points to close at $172.55 with a heavy trading volume of 3.774 million shares. It opened the trading session at $172.58, the shares rose to $173.31 and dropped to $171.26, the range by which the price of stock traded the whole day. The company now has a market cap of $124 billion and currently has 718.02 million outstanding shares. Honeywell International Inc. (HON) stock has plunged -2.03 percent of market value in 21 trading days.
HON stock’s trailing 3-year beta is 1.1, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $7.98 share in the trailing 52 weeks. The stock’s value surged 30.6 percent year to date (YTD) compared to a rise of 17.58 percent in 52 week’s period. The firm’s shares are still trading -5.77 percent below its 1-year high of $183.12 and 39.74 percent up from 52-week low of $123.48. The average consensus ranking on the company is 1.9, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
Honeywell International Inc. (HON) is most likely going to rise 7.53 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $203-month high price target. This represents a whopping 17.65 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $187, which means a return possibility of 8.37 percent in comparison with the closing price of the stock of $172.55 on December 03. The lowest price set for the stock is $163 — just above -5.53 percent from HON share price now.
Past records have indicated that shares in Honeywell International Inc. rose on 28 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of HON’s Q4 earnings on January 27. Analysts are predicting revenue to suffer decline of -1.3 percent to $9.6B in the financial fourth quarter, while EPS will soar by about 6.81 percent to $2.04 per share. In the last quarter, it earnings of $2.1 per share came better than the $2.08326, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $9.09B, missing the $9.12B analysts had expected. Earnings are seen to rise by 42.1 percent this year, 8.17 percent in the coming year and the trend continues by 6.39 percent every year in the next 5 years.
Let’s take a glimpse at some insider activity at Honeywell International Inc. (NYSE:HON) and observe the pattern. The earliest insider trade happened on 08/20/2019. Gautam Rajeev parted with a total of 10.98 thousand shares of the firm at average share price of $163.88. The total amount for the sale was set at $1.8 million. On completing this exchange, the President & CEO, PMT account balance was 31.91 thousand shares. The stock grew 6.37 percent from that insider sale. On 08/16/2019, Adamczyk Darius, Chairman and CEO, did a sale of 7.15 thousand shares at a price of $165.08 per share. This got rid of 1.18 million shares from the insider’s fortune and the stock experienced a 5.6 percent rally in price since the news became public. This exchange saw 77.87 thousand shares get out from the Chairman and CEO account.
On 08/13/2019, Director Pardo Jaime Chico recorded a sale transaction valued at $2.28 million. The sale at $167.31 a share has eliminated 13.61 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed 4.19 percent increase since the transaction reporting date. The company insider is left with 0.5 thousand shares remaining in the account. Kapur Vimal, who works as President & CEO – HBT at the company, performed a sale of 5 thousand shares in a transaction worth $847.9 thousand. The disposal recorded on 05/20/2019 was priced at $169.58 per share. The stock price soared 2.8 percent since the transaction. Kapur Vimal currently holds a stake of 17.27 thousand in HON stock which is worth $2.98 million after the insider selling.
The stock is lingering around the initial support level of $171.44. After this, the following support is at the zone of $170.32. Up until the time the HON stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 41.46 on the daily chart, and this may be a cause for concern. In case the price goes below $170.32 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $173.49 level may cause a pull-back move approaching $174.42 mark.
Honeywell International Inc. (HON) shares are trading at a P/E ratio of 20.2 times earnings posted in the trailing 12 months. The industry HON deals with has an average P/E of 28.1. Its P/B ratio is standing at 6.8X compared to the 4.7 industry average. It is additionally sporting a 3.4 on the Price-to-Sales ratio, compared to the industry’s P/S average of 1.9. Honeywell International Inc. has a 33.1% gross profit margin, with its operating margin around 20.3%. Alongside this, the company’s net profit margin currently stands at 17.1%.