As of close of business last night, Honeywell International Inc’s stock clocked out at $196.05, down -0.97% from its previous closing price of $197.97. In other words, the price has decreased by -$1.92 from its previous closing price. On the day, 2998438 shares were traded.
Ratios:
To gain a deeper understanding of HON’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.73. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 1.27. In the meantime, Its Debt-to-Equity ratio is 1.36 whereas as Long-Term Debt/Eq ratio is at 1.10.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Berenberg on March 06, 2024, Upgraded its rating to Buy and sets its target price to $240 from $195 previously.
On January 04, 2023, UBS Downgraded its rating to Sell which previously was Buy and also lowered its target price recommendation from $220 to $193.
Daiwa Securities Downgraded its Outperform to Neutral on October 31, 2022, whereas the target price for the stock was revised from $206 to $194.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 12 ’24 when Adamczyk Darius sold 25,500 shares for $197.19 per share. The transaction valued at 5,028,345 led to the insider holds 183,400 shares of the business.
Madden Anne T sold 25,000 shares of HON for $4,851,750 on Feb 05 ’24. The SrVP and General Counsel now owns 33,683 shares after completing the transaction at $194.07 per share. On Nov 22 ’23, another insider, Adamczyk Darius, who serves as the Director of the company, sold 41,000 shares for $191.72 each. As a result, the insider received 7,860,520 and left with 180,453 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HON now has a Market Capitalization of 127.70B and an Enterprise Value of 141.14B. As of this moment, Honeywell’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.14, and their Forward P/E ratio for the next fiscal year is 18.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.49 while its Price-to-Book (P/B) ratio in mrq is 8.06. Its current Enterprise Value per Revenue stands at 3.85 whereas that against EBITDA is 15.51.
Stock Price History:
Over the past 52 weeks, HON has reached a high of $210.87, while it has fallen to a 52-week low of $174.88. The 50-Day Moving Average of the stock is 199.15, while the 200-Day Moving Average is calculated to be 195.48.
Shares Statistics:
It appears that HON traded 3.04M shares on average per day over the past three months and 2.59M shares per day over the past ten days. A total of 652.18M shares are outstanding, with a floating share count of 651.56M. Insiders hold about 0.10% of the company’s shares, while institutions hold 78.02% stake in the company. Shares short for HON as of Mar 15, 2024 were 7.73M with a Short Ratio of 2.54, compared to 7.16M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.18% and a Short% of Float of 1.19%.
Dividends & Splits
With its trailing 12-month dividend rate of 4.17, HON has a forward annual dividend rate of 4.22. Against a Trailing Annual Dividend Yield of 2.11%, it implies a Forward Annual Dividend Yield of 2.18%. The stock’s 5-year Average Dividend Yield is 1.99. The current Payout Ratio is 49.25% for HON, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Feb 29, 2024. Stock splits for the company last occurred on Oct 29, 2018 when the company split stock in a 1032:1000 ratio.
Earnings Estimates
As of right now, 15 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.17 for the current quarter, with a high estimate of $2.21 and a low estimate of $2.13, while EPS last year was $2.07. The consensus estimate for the next quarter is $2.37, with high estimates of $2.48 and low estimates of $2.3.
Analysts are recommending an EPS of between $10.1 and $9.75 for the fiscal current year, implying an average EPS of $9.96. EPS for the following year is $10.9, with 21 analysts recommending between $11.3 and $10.39.
Revenue Estimates
In the current quarter, 15 analysts expect revenue to total $9.02B. It ranges from a high estimate of $9.14B to a low estimate of $8.94B. As of the current estimate, Honeywell International Inc’s year-ago sales were $8.52B, an estimated increase of 5.80% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $9.43B, an increase of 2.80% less than the figure of $5.80% in the same quarter last year. There is a high estimate of $9.72B for the next quarter, whereas the lowest estimate is $9.2B.
A total of 22 analysts have provided revenue estimates for HON’s current fiscal year. The highest revenue estimate was $38.83B, while the lowest revenue estimate was $37.98B, resulting in an average revenue estimate of $38.5B. In the same quarter a year ago, actual revenue was $36.66B, up 5.00% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $40.68B in the next fiscal year. The high estimate is $41.79B and the low estimate is $39.69B. The average revenue growth estimate for next year is up 5.70% from the average revenue estimate for this year.
