why Honeywell International Inc. [HON] is a Good Choice for Investors After New Price Target of $213.24

Honeywell International Inc. [NASDAQ: HON] gained 0.12% on the last trading session, reaching $213.45 price per share at the time. The company report on December 7, 2022 that HONEYWELL AND REUTERS SURVEY REVEALS DRAMATIC INCREASE IN SUSTAINABILITY INITIATIVES IN BUILDINGS.

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For 87% of those surveyed, reaching carbon neutrality with their building portfolios ranks high in importance among overall sustainability goals.

Greater energy efficiency, better indoor air quality (IAQ) and meeting environmental, social and governance (ESG) guidelines are three objectives currently prioritized by multinational organizations as they face increasing pressure to incorporate their building operations into their sustainability plans. These are among the key findings of a report released today by Honeywell (Nasdaq: HON) and Reuters.

Honeywell International Inc. represents 674.10 million in outstanding shares, while the company has a total market value of $142.40 billion with the latest information. HON stock price has been found in the range of $212.01 to $214.09.

If compared to the average trading volume of 3.20M shares, HON reached a trading volume of 2983408 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Honeywell International Inc. [HON]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HON shares is $213.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HON stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Daiwa Securities have made an estimate for Honeywell International Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 31, 2022. The new note on the price target was released on July 11, 2022, representing the official price target for Honeywell International Inc. stock. Previously, the target price had yet another raise to $230, while Berenberg analysts kept a Hold rating on HON stock. On January 07, 2022, analysts increased their price target for HON shares from 229 to 237.

The Average True Range (ATR) for Honeywell International Inc. is set at 4.11, with the Price to Sales ratio for HON stock in the period of the last 12 months amounting to 4.08. The Price to Book ratio for the last quarter was 8.13, with the Price to Cash per share for the same quarter was set at 11.94. Price to Free Cash Flow for HON in the course of the last twelve months was 69.09 with Quick ratio for the last quarter at 0.90.

Trading performance analysis for HON stock

Honeywell International Inc. [HON] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.78. With this latest performance, HON shares gained by 1.75% in over the last four-week period, additionally plugging by 9.73% over the last 6 months – not to mention a rise of 3.04% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HON stock in for the last two-week period is set at 55.10, with the RSI for the last a single of trading hit 47.46, and the three-weeks RSI is set at 58.21 for Honeywell International Inc. [HON]. The present Moving Average for the last 50 days of trading for this stock 197.50, while it was recorded at 215.74 for the last single week of trading, and 190.57 for the last 200 days.

Honeywell International Inc. [HON]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Honeywell International Inc. [HON] shares currently have an operating margin of +19.61 and a Gross Margin at +37.14. Honeywell International Inc.’s Net Margin is presently recorded at +16.12.

Return on Equity for this stock inclined to 30.69, with Return on Assets sitting at 8.59.

Honeywell International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.

Honeywell International Inc. [HON]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HON. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Honeywell International Inc. go to 7.25%.

An analysis of insider ownership at Honeywell International Inc. [HON]

There are presently around $107,503 million, or 75.80% of HON stock, in the hands of institutional investors. The top three institutional holders of HON stocks are: VANGUARD GROUP INC with ownership of 60,387,360, which is approximately 0.26% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 40,456,677 shares of the stock with an approximate value of $8.64 billion in HON stocks shares; and STATE STREET CORP, currently with $6.9 billion in HON stock with ownership of nearly -1.041% of the company’s market capitalization.

Positions in Honeywell International Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 1,000 institutional holders increased their position in Honeywell International Inc. [NASDAQ:HON] by around 14,235,222 shares. Additionally, 944 investors decreased positions by around 15,416,840 shares, while 361 investors held positions by with 473,994,656 shares. The mentioned changes placed institutional holdings at 503,646,718 shares, according to the latest SEC report filing. HON stock had 101 new institutional investments in for a total of 2,057,122 shares, while 98 institutional investors sold positions of 1,326,121 shares during the same period.


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