Monthly Stock Analysis: Honeywell International Inc. (HON)
Publication Date: September 22, 2024
Company Overview
Honeywell International Inc. (HON), headquartered in Charlotte, North Carolina, operates as a leading multinational technology and manufacturing entity within the Industrials sector. Established in 1885 and publicly traded since 1957, the company boasts a diverse portfolio encompassing aerospace technologies, building automation, energy and sustainable solutions, and industrial automation. Honeywell is recognized for its innovative offerings, which include auxiliary power units, integrated avionics, advanced building control software, personal protective equipment, and pioneering materials. With a strong commitment to technological advancement and global sustainability, Honeywell represents a robust player in the Conglomerates industry, currently reporting an impressive revenue of approximately $37.33 billion. Analysts generally maintain a bullish outlook on the company, with a target high stock price set at $250.00, indicating significant growth potential for investors.
Stock Performance Overview
Honeywell International Inc. has 649,670,976 shares outstanding, with approximately 6,796,628 shares currently held short, reflecting a short interest of about 0.0105% of the company’s float. The float shares available for trading amount to 617,492,985, highlighting low short-selling activity and suggesting strong investor confidence in the stock’s performance. Currently priced at $203.35, analysts forecast a target mean price of $226.28, with a high target set at $250.00 and a low of $205.00. This range indicates potential volatility but overall presents an optimistic growth outlook. Notably, Honeywell’s current price is slightly below its fifty-day moving average of $204.64, while its fifty-two week high reached $220.79 and low at $174.88, suggesting that the stock is trading within a relatively narrow range, which investors should monitor as they assess future trading opportunities.
Analyst Insights and Recommendations
A thorough analysis reveals a consensus among 22 contributing analysts, strongly advocating for a “buy” recommendation, supported by a mean recommendation score of 2.2. This positive sentiment is underpinned by the company’s stable revenue generation and promising growth opportunities. While the absence of detailed EBITDA figures limits a complete evaluation of operational efficiency, the prevailing optimism regarding Honeywell International Inc.’s financial health is evident. As the company continues to leverage its diverse offerings within the advanced technological landscape, it stands to benefit significantly from emerging trends in the Industrials sector. Investors are encouraged to stay informed about market movements and monitor key price points for strategic trading opportunities.
| Metric | Value |
|---|---|
| Market Cap | $132.1b |
| Total Debt | $29.0b |
| Total Cash | $9.8b |
| Shares Outstanding | 649.7m |
| Float Shares | 617.5m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.