The price of Honeywell International Inc. (NASDAQ:HON) shares last traded on Wall Street rose 1.26% to $191.59.
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 $180.00, we find $220.50. Given the previous closing price of $189.21, this indicates a potential upside of 16.54 percent. HON stock price is now -1.71% away from the 50-day moving average and -3.99% away from the 200-day moving average. The market capitalization of the company currently stands at $126.93B.
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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 $219.86 as their price target over the next twelve months.
With the price target reduced from $220 to $193, UBS Downgraded its rating from Buy to Sell for Honeywell International Inc. (NASDAQ: HON).
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 $1.65 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 $1.41 million. Insiders disposed of 307,122 shares of company stock worth roughly $58.84 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 JUNTO CAPITAL MANAGEMENT LP during the first quarter worth $74,859,000. UNISUPER MANAGEMENT PTY LTD invested $66,634,000 in shares of HON during the first quarter. In the first quarter, SCOPUS ASSET MANAGEMENT, L.P. acquired a new stake in Honeywell International Inc. valued at approximately $62,072,000. AUSTRALIANSUPER PTY LTD acquired a new stake in HON for approximately $22,904,000. ALBAR CAPITAL LTD purchased a new stake in HON valued at around $17,541,000 in the second quarter. In total, there are 2,807 active investors with 75.90% ownership of the company’s stock.
A candlestick chart of Honeywell International Inc. (NASDAQ: HON) showed a price of $189.82 on Wednesday 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 1.24, a current ratio of 1.40, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $139.81B, which is based on a 23.71 price-to-earnings ratio, a 2.80 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for HON is $194.59 and a two-hundred day moving average price translates $199.41 for the stock.
The latest earnings results from Honeywell International Inc. (NASDAQ: HON) was released for Jun, 2023. According to the Conglomerates Company, earnings per share came in at $2.23, beating analysts’ expectations of $2.21 by 0.02. This compares to $1.84 EPS in the same period last year. The net profit margin was 15.10% and return on equity was 31.80% for HON. The company reported revenue of $9.15 billion for the quarter, compared to $8.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.16 percent. For the current quarter, analysts expect HON to generate $9.25B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/01/2023. Investors who held shares on 08/11/2023 were paid a $1.03 dividend. On an annualized basis, this represents a $4.12 dividend and a 2.15% percent yield. There was an ex-dividend date of 08/10/2023 for this dividend.
