The price of Honeywell International Inc. (NASDAQ:HON) shares last traded on Wall Street fell -0.45% to $197.35.
Based on available information, 26 analysts follow Honeywell International Inc. (NASDAQ:HON). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $265.00 and a low of $185.00, we find $220.00. Given the previous closing price of $198.25, this indicates a potential upside of 10.97 percent. HON stock price is now 2.00% away from the 50-day moving average and -0.06% away from the 200-day moving average. The market capitalization of the company currently stands at $131.92B.
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Among analysts, 11 rate the stock a hold while 11 rate it a buy. Brokers who have rated the stock have averaged $220.90 as their price target over the next twelve months.
In other news, Kapur Vimal, President & COO sold 6,500 shares of the company’s stock on May 08. The stock was sold for $1,283,490 at an average price of $197.46. Upon completion of the transaction, the President & COO now directly owns 8,622 shares in the company, valued at $1.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18, President and CEO, SPS Koutsaftes George sold 5,420 shares of the business’s stock. A total of $1,160,798 was realized by selling the stock at an average price of $214.17. This leaves the insider owning 7,343 shares of the company worth $1.45 million. Insiders disposed of 285,393 shares of company stock worth roughly $56.32 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HON stock. A new stake in Honeywell International Inc. shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $360,460,000. ADAGE CAPITAL PARTNERS GP, L.L.C. invested $263,063,000 in shares of HON during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in Honeywell International Inc. valued at approximately $206,614,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in HON for approximately $118,679,000. AGF MANAGEMENT LTD purchased a new stake in HON valued at around $94,177,000 in the second quarter. In total, there are 2,809 active investors with 75.90% ownership of the company’s stock.
A candlestick chart of Honeywell International Inc. (NASDAQ: HON) showed a price of $199.50 on Friday morning. During the past 12 months, Honeywell International Inc. has had a low of $166.63 and a high of $220.96. As of last week, the company has a debt-to-equity ratio of 1.13, a current ratio of 1.30, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $144.95B, which is based on a 25.62 price-to-earnings ratio, a 3.28 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for HON is $193.58 and a two-hundred day moving average price translates $197.49 for the stock.
The latest earnings results from Honeywell International Inc. (NASDAQ: HON) was released for Mar, 2023. According to the Conglomerates Company, earnings per share came in at $2.07, beating analysts’ expectations of $1.93 by 0.14. This compares to $1.64 EPS in the same period last year. The net profit margin was 14.50% and return on equity was 30.40% for HON. The company reported revenue of $8.86 billion for the quarter, compared to $8.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.83 percent. For the current quarter, analysts expect HON to generate $9.17B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/02/2023. Investors who held shares on 05/12/2023 were paid a $1.03 dividend. On an annualized basis, this represents a $4.12 dividend and a 2.09% percent yield. There was an ex-dividend date of 05/11/2023 for this dividend. In terms of dividend payout ratio, HON is presently at 51.80%.
Honeywell International Inc.(HON) Company Profile
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity and management services. The company’s Honeywell Building Technologies segment provides software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; and installation, maintenance, and upgrades of systems. Its Performance Materials and Technologies segment offers automation control, instrumentation, and software and related services; catalysts and adsorbents, equipment, and consulting; and materials to manufacture end products, such as bullet-resistant armor, nylon, computer chips, and pharmaceutical packaging, as well as provides materials based on hydrofluoro-olefin technology. The company’s Safety and Productivity Solutions segment provides personal protection equipment, apparel, gear, and footwear; gas detection technology; cloud-based notification and emergency messaging; mobile devices and software; supply chain and warehouse automation equipment, and software solutions; custom-engineered sensors, switches, and controls; and data and asset management productivity software solutions. The company was founded in 1885 and is headquartered in Charlotte, North Carolina.
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