Should You Sell Honeywell International Inc (HON) And Go Away This Year?

Honeywell International Inc (NASDAQ:HON) currently has a daily average trading volume of 3.55M but it saw 4630424 shares traded in last market. With a market cap of 147.39B USD, the company’s current market price of $226.67 came falling about -0.67 while comparing to the previous closing price of $228.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $242.77 and as low as $189.66. In the recent trading on the day, stock has struck highest price mark of $225.41 while lowest mark touched by it was $228.89.

Taking a look at 20-day trading activity of Honeywell International Inc (HON) gives us an average price of $217.68, while its current price level is -6.63% below from 52-week high level whereas it is 19.51% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $212.94 while that of 200 days or SMA-200 reads an average of $205.15. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.32% during that period while stretching the period over a month that increases to 2.06%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.97 which implies that the stock is in neutral territory.

Robert W. Baird downgraded its recommendation for the stock as a “Neutral” from “Outperform” on October 25, 2024 while assigning a price target range of $223-$217. BofA Securities also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $250 and $230.

Over the week, HON’s stock price is moving -2.75% down while it is 1.94% when we observe its performance for the past one month. Year-to-date it is 8.09% up and over the past year, the stock is showing an upside performance of 18.18%.

Currently, Honeywell International Inc’s total number of outstanding shares is 652.18M. Company’s return on investment (ROI) stands at 12.83% and return on equity (ROE) at 32.81%. It has a price to earnings ratio (P/E ratio) of 26.18 while having a 20.52 of forward P/E ratio. Stock’s beta reads 1.04. Stock has a price to book (P/B) ratio of 8.47 while price to sale or P/S ratio amounts to 3.90. Its return on asset (ROA) is 8.43% on average.