Honeywell International Inc (NASDAQ:HON) shares, rose in value, with the stock price up by 0.56% to the previous day’s close as strong demand from buyers drove the stock to $197.15.
Actively observing the price movement in the last trading, the stock closed the session at $196.05. The value of beta (5-year monthly) was 1.02 whereas the PE ratio was 23.27 over 12-month period. Referring to stock’s 52-week performance, its high was $210.87, and the low was $174.88. On the whole, HON has fluctuated by -1.67% over the past month.
With the market capitalization of Honeywell International Inc currently standing at about $128.58 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 4.22, with its dividend yield at 2.14%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.17, which is expected to increase to $2.48 for fiscal year $9.96 and then to about $10.9 by fiscal year 2025. Data indicates that the EPS growth is expected to be 8.70% in 2025, while the next year’s EPS growth is forecast to be 9.40%.
Analysts have estimated the company’s revenue for the quarter at $9.02 billion, with a low estimate of $8.94 billion and a high estimate of $9.14 billion. According to the average forecast, sales growth in current quarter could jump up 5.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $38.5 billion, representing an increase of 5.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that HON’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.70, with the price of HON currently trading nearly -1.47% and -0.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.53, while the 7-day volatility ratio is showing 1.79% which for the 30-day chart, stands at 1.49%. Furthermore, Honeywell International Inc (HON)’s beta value is 1.02, and its average true range (ATR) is 3.13.
A comparison of Honeywell International Inc (HON) with its peers suggests the former has fared considerably weaker in the market. HON showed an intraday change of 0.56% in last session, and over the past year, it grew by 3.25%%.
Data on historical trading for Honeywell International Inc (NASDAQ:HON) indicates that the trading volumes over the past 10 days have averaged 2.66 million and over the past 3 months, they’ve averaged 3.06 million. According to company’s latest data on outstanding shares, there are 652.18 million shares outstanding.
Nearly 0.10% of Honeywell International Inc’s shares belong to company insiders and institutional investors own 78.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.73 million shares as on Mar 15, 2024, resulting in a short ratio of 2.77. According to the data, the short interest in Honeywell International Inc (HON) stood at 1.18% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.16 million. The stock has fallen by -5.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HON stock heading into the next quarter.
