The Vanguard Group, Inc. has recently announced that it has increased stake in Honeywell International Inc (NASDAQ:HON) by 0.13%. After grabbing 58.65 million shares, the institutional investor is now in possession of 76211.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 8.90% having worth around $12.3 billion. Moreover, Geode Capital Management LLC increased its share by 0.22 million to have a control over 13.07 million shares. And Morgan Stanley Smith Barney LLC raised its holdings to 0.11 million shares by acquiring 9.3 million shares or 1.41% of the stake.
Honeywell International Inc (HON) concluded trading on Wednesday at a closing price of $199.87, with 3.35 million shares of worth about $670.41 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.68% during that period and On Wednesday, January 24 the price saw a loss of about -1.51%. Currently the company’s common shares owned by public are about 668.14M shares, out of which, 658.68M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 89 times over the past 12 months. They bought 198,843 shares in 48 of the transactions. In 41 selling transactions, insiders dumped 111,643 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Invesco QQQ Trust are the top 3 mutual funds which are holding stakes in Honeywell International Inc Vanguard Total Stock Market ETF is currently holding 20.7 million shares of worth totaling $4.34 billion. The company recently came selling -0.11 million shares which brought its stake up to 3.14% of the company’s outstanding shares. Vanguard 500 Index Fund sold 83536.0 shares, after which its hold over company’s outstanding shares shrunk to 2.44%, leaving 16.1 million shares with the mutual fund that have a worth of about $3.38 billion. Invesco QQQ Trust, after selling 12.12 million shares, have now control over 1.84% of the stake in the company. It holds 31117.0 shares of worth $2.54 billion.
However, the stock later moved at a day high price of 203.78, or with a loss of -1.51%. Stock saw a price change of 0.97% in past 5 days and over the past one month there was a price change of -2.53%. Year-to-date (YTD), HON shares are showing a performance of -4.69% which decreased to -2.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $174.88 but also hit the highest price of $210.87 during that period. The average intraday trading volume for Honeywell International Inc shares is 2.87 million. The stock is currently trading -1.87% below its 20-day simple moving average (SMA20), while that difference is up 0.43% for SMA50 and it goes to 2.61% higher than SMA200.
The Vanguard Group, Inc. acquired 58.65 million shares of Honeywell International Inc having value of about $12.3 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 76211.0 shares in the company valued at close to $15232292.57, or have control over 0.13% stake in the company. Honeywell International Inc (NASDAQ: HON) currently have 668.14M outstanding shares and institutions hold larger chunk of about 75.21% of that. Holding of mutual funds in the company is about 36.43% while other institutional holders and individual stake holders have control over 38.88% and 0.66% of the stake respectively.
The stock has a current market capitalization of $131.76B and its 3Y-monthly beta is at 1.04. PE ratio of stock for trailing 12 months is 24.78, while it has posted earnings per share of $8.07 in the same period. Its PEG reads 3.27 and has Quick Ratio of 1.01 while making debt-to-equity ratio of 1.24. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HON, volatility over the week remained 1.61% while standing at 1.34% over the month.
Analysts are in expectations that Honeywell International Inc (HON) stock would likely to be making an EPS of $2.59 in the current quarter, while forecast for next quarter EPS is $2.24 and it is $9.96 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.57 which is $2.64 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.52 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 4.57% while it is estimated to increase by 8.68% in next year. EPS is likely to shrink at an annualized rate of 7.58% for next 5-years, compared to annual growth of 29.45% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on January 04, 2023 offering a Sell rating for the stock and assigned a target price range of between $220 and $193 to it.
