Uncovering Institutional Buying In Honeywell International Inc (NASDAQ: HON)

Currently, there are 652.18M common shares owned by the public and among those 649.09M shares have been available to trade.

The company’s stock has a 5-day price change of 2.34% and 4.07% over the past three months. HON shares are trading 6.03% year to date (YTD), with the 12-month market performance up to 22.63% higher. It has a 12-month low price of $174.88 and touched a high of $222.98 over the same period. HON has an average intraday trading volume of 2.82 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.94%, 7.77%, and 9.37% respectively.

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Institutional ownership of Honeywell International Inc (NASDAQ: HON) shares accounts for 78.11% of the company’s 652.18M shares outstanding.

It has a market capitalization of $144.45B and a beta (3y monthly) value of 1.03. The stock’s trailing 12-month PE ratio is 25.36, while the earnings-per-share (ttm) stands at $8.77. The company has a PEG of 3.06 and a Quick Ratio of 0.91 with the debt-to-equity ratio at 1.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.38% over the week and 1.56% over the month.

Earnings per share for the fiscal year are expected to increase by 10.20%, and 10.60% over the next financial year. EPS should grow at an annualized rate of 8.27% over the next five years, compared to -1.17% over the past 5-year period.

Looking at the support for the HON, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on October 10, 2024, with the firm’s price target at $225-$235. Morgan Stanley coverage for the Honeywell International Inc (HON) stock in a research note released on September 06, 2024 offered a Equal-Weight rating with a price target of $210. Deutsche Bank was of a view on April 16, 2024 that the stock is Hold, while Berenberg gave the stock Buy rating on March 06, 2024, issuing a price target of $195- $240. UBS on their part issued Sell rating on January 04, 2023.

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