In yesterday’s Wall Street session, Honeywell International Inc (NASDAQ:HON) shares traded at $202.45, down -5.24% from the previous session.
HON stock price is now -3.52% away from the 50-day moving average and 1.53% away from the 200-day moving average. The market capitalization of the company currently stands at $131.83B.
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With the price target reduced from $227 to $215, Deutsche Bank Downgraded its rating from Buy to Hold for Honeywell International Inc (NASDAQ: HON). On March 06, 2024, Berenberg Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $195 to quote $240, while ‘UBS’ rates the stock as ‘Sell’
In other news, Adamczyk Darius, Director sold 28,500 shares of the company’s stock on May 15 ’24. The stock was sold for $5,812,860 at an average price of $203.96. Upon completion of the transaction, the Director now directly owns 203,510 shares in the company, valued at $41.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 29 ’24, SrVP & Chief Financial Officer Lewis Gregory P sold 25,209 shares of the business’s stock. A total of $4,866,850 was realized by selling the stock at an average price of $193.06. This leaves the insider owning 55,471 shares of the company worth $11.23 million. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, Honeywell International Inc has had a low of $174.88 and a high of $220.79. As of last week, the company has a debt-to-equity ratio of 1.60, a current ratio of 1.66, and a quick ratio of 1.28. According to the stock market information, the enterprise value for the company is $146779504640, which is based on a 23.46 price-to-earnings ratio, a 2.53 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for HON is $209.8144 and a two-hundred day moving average price translates $199.48904 for the stock.
The latest earnings results from Honeywell International Inc (NASDAQ: HON) was released for 2024-03-31. The net profit margin was 15.53% and return on equity was 34.32% for HON. The company reported revenue of $9.58 billion for the quarter, compared to $9.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.71 percent.
