HON stock: buy or sell?

HON stock price: $168.38 0.97% At close on September 20th, 2019

Updated on:
September 20th, 2019

4

Honeywell International shares raised 0.97% to $168.38 today.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Honeywell International stock doesn't match any of these trading strategies, so our recommendation is not to buy.

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 fall 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 posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 14 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
2019-8-2Cowenn/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

Honeywell International shares raised 0.97% to $168.38 today.

Honeywell International shares raised 0.97% to $168.38 today. Since price and SMA100d lines crossed down on September 12th, HON fell $-2.90 per share (-1.69%). 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 ended this week at $168.38 and remained constant a tiny 0.40%. By mid August HON collapsed a scary -5.46% in just one week.

Honeywell International is in a clear downtrend, marking successive falling tops and bottoms. Now is trading in between the - range. There is an opportunity to rebound and reverse this situation if price can hold above the level. Not so far away is the last price record Honeywell International marked early July. Late August HON price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Late April, SMA20w and SMA40w crossed up triggering a rise of 0.59%.

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 $185.00

Nobody can reliably foresee how stock prices may evolve in the future. 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. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We have 11 price forecasts for Honeywell International stock released in the last month:
HON stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-9CitigroupRaises Target$189.00$197.004.2%
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)$179.90$185.003.0%
Moving in a range from $197.00 and $160.00, the price target for Honeywell International stock is $185.00. 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 . As soon as we get its actual EPS from the earnings report, we will update 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 sales gained a fine 3.13% to $41,802.00 M dollars from $40,534.00 marked in 2017. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) skyrocketed a 12.37% to 16.18%.

To have an up to date 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 ugly -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 posted $8,884.00 M in sales for 2019-Q1, a -8.69% less compared to previous quarter. Reported quarter income marked $1,416.00 M with a profit margin of 15.94%. Profit margin depreciated 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 spooky correction 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 shares of a stock, it's always worth to review 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 context understanding, the following table shows ownership data compared to other related stocks:

HONBAEMRGDGE
Market cap$121.2 B$216.3 B$40.1 B$54.3 B$82.2 B
Total shares719.5 M562.7 M615.1 M288.8 M8,730.0 M
Float shares687.1 M562.0 M610.8 M277.4 M8,710.0 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, September 20th, 2019
Open$167.60
Close$168.38
Day range$166.70 - $168.70
Previous close$166.77
Session gain0.97%
Average true range$2.54
50d mov avg$167.35
100d mov avg$168.89
200d mov avg$158.20
Daily patternlt02a
Weekly pattern lt02a

Honeywell International performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Honeywell International performance to Boeing, Emerson Electric, General Dynamics, General Electric, Lockheed Martin, Raytheon and United Technologies:
Stock3m6m12m
HONHoneywell Interna...-2.92%9.13%7.19%
BABoeing4.03%7.42%5.53%
EMREmerson Electric0.15%-0.94%-13.86%
GDGeneral Dynamics6.63%14.76%-6.05%
GEGeneral Electric-9.94%-5.42%-19.14%
LMTLockheed Martin10.11%35.46%19.67%
RTNRaytheon9.44%11.93%0.01%
UTXUnited Technologi...7.45%11.15%-0.94%

Honeywell International competitors

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

Latest HON stock news