HON stock: buy or sell?

HON stock price: $183.23 0.53% At close on January 17th, 2020

Updated on:
January 17th, 2020

5

Honeywell International shares inched 0.53% yesterday and marked a new all time high at $184.06. Counting Friday, it's been 3 climbing days in a row, gaining $2.78 or 1.53%.

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?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

These 2 buy setups match with Honeywell International stock right now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

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 12 ratings published for HON stock in the last 30 days.

The general sentiment of these ratings is bullish for HON stock, with 12 positive ratings.
Is HON a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-9Citigroupn/aBuy
2019-9-27Morgan Stanleyn/aOverweight
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

HON stock analysis

Daily outlook

Shares of Honeywell International ended yesterday at $183.23 after reaching a new all time high ($184.06) and inched a slightly fine 0.53%.

After marking all time highs yesterday, Honeywell International inched 0.53% to $183.23. On October HON price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. Since November when SMA50d and SMA100d crossed up, HON price gained $3.29 per share (1.83%).

HON stock chart (daily)

Weekly outlook

Honeywell International jumped 2.55% this week and reached a new all time high at $184.06.

Since price and SMA40w lines crossed up late August 2019, HON climbed $27.51 (17.67%). Since late April 2019 when SMA20w and SMA40w crossed up, HON price gained $16.66 per share (10.00%).

HON stock chart (weekly)

HON stock price history

HON stock historical price chart

HON stock reached all-time highs yesterday with a price of $184.06.

HON stock price target is $185.00

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 12 price targets for Honeywell International stock:
HON stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-9CitigroupRaises Target$189.00$197.004.2%
2019-9-27Morgan StanleyLowers Target$188.00$185.00-1.6%
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)$180.70$185.002.0%
Moving in a range from $197.00 and $160.00, the price forecast for Honeywell International stock is $185.00.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, Honeywell International . As soon as we get its posted EPS from the earnings report, we will extend this report.
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

In 2018, Honeywell International annual turnover stepped up a fine 3.13% to $41,802.00 million dollars from $40,534.00 marked in 2017. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) rocketed a 12.37% to 16.18%.

Honeywell International fiscal year ends in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Honeywell International TTM sales up to March 2019 were $40,294.00 and income $6,742.00 M dollars. When comparing this TTM figures with the last reported annuality, we can esteem Honeywell International business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, depreciated a bad -3.61%. Regarding profit margin, Honeywell International remained stable 0.55% to 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 reported $8,884.00 M in revenues for 2019-Q1, a -8.69% decline compared to previous quarter. Reported quarter earnings marked $1,416.00 million with a profit margin of 15.94%. Profit margin declined 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 drop down and collapsed 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 company, it's worth to check its ownership structure.

Honeywell International shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.15% of all shares.

In case of Honeywell International stock, 77.55% 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.

The following table compares ownership indicators for other stocks related to Honeywell International:

HON
Market cap$130.9 B
Total shares714.5 M
Float shares684.1 M
  - Institutional holdings (%)77.5%
  - Insider holdings (%)0.1%
Shares in short selling0.0%

HON summary

Friday, January 17th, 2020
Open$182.86
Close$183.23
Day range$182.53 - $184.06
Previous close$182.26
Session gain0.53%
Average true range$2.20
50d mov avg$177.86
100d mov avg$172.16
200d mov avg$169.89
Daily pattern
Weekly pattern

Honeywell International performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Honeywell International, the benchmark is made against .
Stock3m6m12m
HONHoneywell Interna...11.22%6.98%31.80%

Honeywell International competitors

Unfortunately, we could not find any public company that could be defined as Honeywell International competitor. This doesn't mean Honeywell International does not have any competitor in the market, it's just we could not detected it.

    Latest HON stock news