HON stock: buy or sell?

HON stock price: $156.51 -3.92% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

2

Shares of Honeywell International closed today at $156.51 and plummed a spooky -3.92%.

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions.

Should I buy HON stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Honeywell International stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean HON will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Honeywell International stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we gathered 13 ratings published for HON stock in the last month.

The general sentiment of these ratings is bullish for HON stock, with 11 positive ratings.
Is HON a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-2Cowenn/aBuy
2019-7-9Barclaysn/aOverweight
2019-7-19Morgan Stanleyn/aOverweight
2019-7-19Jefferies Financial Groupn/aBuy
2019-7-19Credit Suisse Groupn/aOutperform
2019-7-19Barclaysn/aOverweight
2019-4-23Credit Suisse Groupn/aOutperform
2019-4-22Morgan StanleyOverweightOverweight
2019-4-22Deutsche Bankn/aBuy
2019-2-4Deutsche Bankn/aBuy
2019-1-8OppenheimerOutperformMarket Perform
2019-1-3Credit Suisse GroupNeutralOutperform
2019-1-10UBS Groupn/aTop Pick

HON stock analysis

Daily outlook

Shares of Honeywell International closed today at $156.51 and plummed a spooky -3.92%.

Honeywell International shares plummed -3.92% to $156.51 today. Since SMA100d and SMA200d crossed up on April, HON price slid a -8.40%. Since price and SMA100d lines crossed down on Aug 2nd, HON fell $-12.19 per share (-7.23%). On July, HON hit new all time highs, pushing higher previous ATH of $176.59 recorded on July. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

HON stock chart (daily)

Weekly outlook

Honeywell International plummed a godawful -5.16% this week. For 4 weeks in a row, price slid and lost a -9.43%.

Not so far away is the last all-time high Honeywell International marked early July. This week, Honeywell International stock crossed down the significant level of the 40-weeks moving average. Stocks below the 40-weeks moving average line are usually not recommended for average traders. Since SMA20w and SMA40w crossed up late April, HON price slid a -6.51%.

HON stock chart (weekly)

HON stock price history

HON stock historical price chart

HON stock reached all-time highs on July with a price of $177.58.

HON stock price target is $183.80

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 10 price targets for Honeywell International stock:
HON stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-2CowenReiteratesn/a$180.00-
2019-7-9BarclaysRaises Target$177.00$186.005.1%
2019-7-19Morgan StanleyRaises Target$183.00$188.002.7%
2019-7-19Jefferies Financial GroupRaises Target$190.00$195.002.6%
2019-7-19Credit Suisse GroupRaises Target$185.00$187.001.1%
2019-7-19BarclaysRaises Target$186.00$187.000.5%
2019-4-23Credit Suisse GroupReiterates$170.00$185.008.8%
2019-4-22Morgan StanleyRaises Target$165.00$183.0010.9%
2019-4-22Deutsche BankRaises Target$174.00$187.007.5%
2019-2-4Deutsche BankRaises Targetn/a$160.00-
(in average)$178.80$183.803.0%
The price forecast for Honeywell International stock is $183.80, moving in a range between $195.00 and $160.00. In average, analysts' outlook on HON price forecast is positive, improving the prediction by a 3.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since April, when Honeywell International presented its last earnings report, it depreciated an ugly -2.96%. Unfortunately, reported EPS is not yet available in our database.
HON earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a2.03n/a
2017-Q32017-10-201.751.750.0%
2017-Q42018-01-261.841.850.5%
2018-Q12018-04-201.891.953.2%
2018-Q22018-07-202.012.125.5%
2018-Q32018-10-191.992.032.0%
2018-Q42019-02-011.881.911.6%
2019-Q12019-04-181.84n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a decent growth of 3.13% to $41,802.00 million USD. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) rocketed a 12.37% to 16.18%.

To have an updated view of the financial situation of Honeywell International, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Honeywell International TTM sales up to March 2019 were $40,294.00 and earnings were $6,742.00 million dollars. If we compare this TTM figures with the last reported annuality, we can esteem Honeywell International business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, declined an unpleasant -3.61%. However, profit margin (net income/sales) stayed stable at 16.18%.

HON annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$39,060 M-$3,920 M10.0%-
2014$40,306 M3.19%$4,239 M10.5%8.14%
2015$38,581 M-4.28%$4,768 M12.4%12.48%
2016$39,302 M1.87%$4,809 M12.2%0.86%
2017$40,534 M3.13%$1,545 M3.8%-67.87%
2018$41,802 M3.13%$6,765 M16.2%337.86%
TTM $40,294 M-3.61%$6,742 M16.7%-0.34%

Quarterly financial results

Honeywell International posted $8,884.00 M in sales for 2019-Q1, a -8.69% decline compared to previous quarter. Reported quarter income marked $1,416.00 M with a profit margin of 15.94%. Profit margin slightly fell a -1.75% compared to previous quarter when profit margin was 17.69%. When comparing turnover to same quarter last year, Honeywell International sales marked a scary decrease and plunged a -14.51%. Looking back to recent quarterly results, Honeywell International posted 3 positive quarters in a row.
HON quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$10,080 M-$1,390 M13.8%-
2017-Q3$10,120 M0.40%$1,350 M13.3%-2.88%
2017-Q4$10,843 M7.14%$-2,409 M-22.2%-278.44%
2018-Q1$10,392 M-4.16%$1,438 M13.8%-159.69%
2018-Q2$10,919 M5.07%$1,267 M11.6%-11.89%
2018-Q3$10,762 M-1.44%$2,338 M21.7%84.53%
2018-Q4$9,729 M-9.60%$1,721 M17.7%-26.39%
2019-Q1$8,884 M-8.69%$1,416 M15.9%-17.72%

Honeywell International ownership

When you are planning to buy a stock, it's worth to overview its ownership structure.

Honeywell International shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.38% of all shares.

In case of Honeywell International stock, 77.10% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for HON stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related companies:

HONBAEMRGDGE
Market cap$112.6 B$206.5 B$35.8 B$54.2 B$71.5 B
Total shares719.5 M582.6 M615.0 M288.9 M8,730.0 M
Float shares686.9 M562.0 M610.6 M277.4 M8,720.0 M
  - Institutional holdings (%)77.1%70.6%74.2%87.8%58.6%
  - Insider holdings (%)0.4%0.1%0.6%6.0%0.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

HON summary

Friday, August 23rd, 2019
Open$161.48
Close$156.51
Day range$155.51 - $162.28
Previous close$162.90
Session gain-3.92%
Average true range$3.51
50d mov avg$170.40
100d mov avg$168.48
200d mov avg$156.13
Daily patternlt11c
Weekly pattern

Honeywell International performance

To better understand Honeywell International performance you must becnhmark its gains with other related stocks in same sector or industry. For Honeywell International, the benchmark is made against Boeing, Emerson Electric, General Dynamics, General Electric, Lockheed Martin, Raytheon and United Technologies.
Stock3m6m12m
HONHoneywell Interna...-5.63%3.17%5.85%
BABoeing0.48%-15.42%3.65%
EMREmerson Electric-6.11%-13.71%-20.70%
GDGeneral Dynamics14.98%9.97%-0.47%
GEGeneral Electric-13.24%-16.09%-31.00%
LMTLockheed Martin14.64%27.37%23.41%
RTNRaytheon4.51%1.34%-4.55%
UTXUnited Technologi...-2.04%1.30%-1.81%

Honeywell International competitors

We selected a few stocks to conform a list of Honeywell International competitors to review if you are interested in investing in HON:

Latest HON stock news