While Honeywell International Inc has underperformed by -5.64%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HON rose by 8.71%, with highs and lows ranging from $242.77 to $189.75, whereas the simple moving average fell by -1.11% in the last 200 days.
On December 11, 2024, HSBC Securities Upgraded Honeywell International Inc (NASDAQ: HON) to Buy. A report published by Wolfe Research on October 28, 2024, Downgraded its rating to ‘Peer Perform’ for HON. Robert W. Baird also Downgraded HON shares as ‘Neutral’, setting a target price of $217 on the company’s shares in a report dated October 25, 2024. BofA Securities October 24, 2024d the rating to Neutral on October 24, 2024, and set its price target from $250 to $230. JP Morgan October 10, 2024d its ‘Overweight’ rating to ‘Neutral’ for HON, as published in its report on October 10, 2024. Morgan Stanley’s report from September 06, 2024 suggests a price prediction of $210 for HON shares, giving the stock a ‘Equal-Weight’ rating. Deutsche Bank also rated the stock as ‘Hold’.
Analysis of Honeywell International Inc (HON)
It’s important to note that HON shareholders are currently getting $4.37 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 5.66%, showing a positive trend in the upcoming months.
Honeywell International Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 32.81% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.12, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and HON is registering an average volume of 4.03M. On a monthly basis, the volatility of the stock is set at 2.07%, whereas on a weekly basis, it is put at 2.20%, with a loss of -6.36% over the past seven days. Furthermore, long-term investors anticipate a median target price of $249.81, showing growth from the present price of $209.82, which can serve as yet another indication of whether HON is worth investing in or should be passed over.
How Do You Analyze Honeywell International Inc Shares?
A giant in the Conglomerates market, Honeywell International Inc (HON) is based in the USA. When comparing Honeywell International Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 24.23, there is a growth in quarterly earnings of -4.83%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.11%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 78.42% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HON shares are owned by institutional investors to the tune of 78.42% at present.
