Honeywell International Inc. [HON] gain 3.16% so far this year. What now?

Honeywell International Inc. [NASDAQ: HON] traded at a high on 12/21/22, posting a 1.71 gain after which it closed the day’ session at $215.10. The company report on December 19, 2022 that Honeywell settles legacy Foreign Corrupt Practices Act issues and will pay a total of $202.7 million.

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Honeywell (NASDAQ: HON) has agreed to resolutions with the U.S. Department of Justice (“DOJ”), U.S. Securities and Exchange Commission (“SEC”), and the Brazilian authorities (the Federal Prosecution Service (“MPF”), the Comptroller General of Brazil (“CGU”), and the Attorney General of Brazil (“AGU”)) to resolve previously disclosed anti-corruption investigations into the Company’s historical operations in Brazil in relation to Petróleo Brasileiro S.A. (“Petrobras”) and, with respect to the SEC resolution, also relating to  historical conduct involving the intermediary, Unaoil.  In connection with the resolutions, the Company will pay a total of $202.7 million in penalties, disgorgement, and prejudgment interest.

As part of the resolutions, Honeywell’s subsidiary, UOP, LLC (“UOP”), has entered into a three-year Deferred Prosecution Agreement (“DPA”) with the DOJ related to charges of conspiracy to violate the Foreign Corrupt Practices Act (“FCPA”) in connection with a project awarded in 2010.  UOP entered into leniency agreements with both the MPF and the CGU/AGU related to the same matter in Brazil.  Honeywell agreed to certain compliance and compliance reporting obligations but was not charged criminally in this matter.  Honeywell also agreed to a resolution with the SEC that resolves allegations relating to the Brazil conduct, as well as conduct relating to a foreign subsidiary’s contract with the intermediary, Unaoil, in Algeria, executed in 2011.  These resolutions entirely resolved the Petrobras and Unaoil investigations.

The results of the trading session contributed to over 2625163 shares changing hands. Over the past one week, the price volatility of Honeywell International Inc. stands at 1.90% while the volatility over the past one month is 1.84%.

The market cap for HON stock reached $144.08 billion, with 674.10 million shares outstanding and 671.54 million shares in the current float. Compared to the average trading volume of 3.14M shares, HON reached a trading volume of 2625163 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $216.40 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 4.03, with the Price to Sales ratio for HON stock in the period of the last 12 months amounting to 4.12. The Price to Book ratio for the last quarter was 8.19, with the Price to Cash per share for the same quarter was set at 11.89. Price to Free Cash Flow for HON in the course of the last twelve months was 69.91 with Quick ratio for the last quarter at 0.90.

How has HON stock performed recently?

Honeywell International Inc. [HON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.18. With this latest performance, HON shares dropped by -0.67% in over the last four-week period, additionally plugging by 23.22% over the last 6 months – not to mention a rise of 6.66% 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 56.91, with the RSI for the last a single of trading hit 57.11, and the three-weeks RSI is set at 57.92 for Honeywell International Inc. [HON]. The present Moving Average for the last 50 days of trading for this stock 205.34, while it was recorded at 210.94 for the last single week of trading, and 191.94 for the last 200 days.

Honeywell International Inc. [HON]: Deeper insight into the fundamentals

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.

Earnings analysis for Honeywell International Inc. [HON]

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%.

Insider trade positions for Honeywell International Inc. [HON]

There are presently around $108,326 million, or 75.90% 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 $8.7 billion in HON stocks shares; and STATE STREET CORP, currently with $6.95 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 997 institutional holders increased their position in Honeywell International Inc. [NASDAQ:HON] by around 14,193,808 shares. Additionally, 948 investors decreased positions by around 15,420,347 shares, while 360 investors held positions by with 473,992,874 shares. The mentioned changes placed institutional holdings at 503,607,029 shares, according to the latest SEC report filing. HON stock had 99 new institutional investments in for a total of 2,016,308 shares, while 100 institutional investors sold positions of 1,328,248 shares during the same period.


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