Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Honeywell International Inc. shares valued at $1,160,798 were sold by Koutsaftes George on Nov 18. At $214.17 per share, Koutsaftes George sold 5,420 shares. The insider’s holdings dropped to 7,343 shares worth approximately $1.43 million following the completion of this transaction.
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Also, Adamczyk Darius sold 40,520 shares, netting a total of over 8,557,840 in proceeds. Following the sale of shares at $211.20 each, the insider now holds 170,881 shares.
Before that, Kapur Vimal had sold 7,500 shares from its account. In a trade valued at $1,555,959, the President & COO traded Honeywell International Inc. shares for $207.46 each. Upon closing the transaction, the insider’s holdings decreased to 7,500 shares, worth approximately $2.7 million.
As published in a research note from UBS on January 04, 2023, Honeywell International Inc. [HON] has been rated down from a Buy to a Sell and the price target has been revised to $193 from $220. This represents a -0.75% premium over Thursday’s closing price. Analysts at Daiwa Securities downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of July 11, 2022, BofA Securities has increased its “Neutral” rating to a “Buy” for HON. Earlier on January 14, 2022, Berenberg initiated its rating. Their recommendation was “a Hold” for HON stock.
Analyzing HON Stock Performance
On Thursday, Honeywell International Inc. [NASDAQ: HON] rose 0.81% to $194.45. The stock’s lowest price that day was $191.50, but it reached a high of $195.12 in the same session. During the last five days, there has been a drop of approximately -0.29%. Over the course of the year, Honeywell International Inc. shares have dropped approximately -9.26%. Shares of the company reached a 52-week high of $217.22 on 01/12/23 and a 52-week low of $189.63 on 02/28/23. A 50-day SMA is recorded $205.58, while a 200-day SMA reached $194.78. Nevertheless, trading volume fell to 4.25 million shares from 3.23 million shares the previous day.
Support And Resistance Levels for Honeywell International Inc. (HON)
According to the 24-hour chart, there is a support level at 192.26, which, if violated, would cause prices to drop to 190.07. In the upper region, resistance lies at 195.88. The next price resistance is at 197.31. RSI (Relative Strength Index) is 39.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.06, which suggests the price will decrease in the coming days. Percent R is at 65.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Honeywell International Inc. subject to short interest?
Stocks of Honeywell International Inc. saw a sharp steep in short interest on Jan 30, 2023 dropping by -0.7 million shares to 5.14 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 5.84 million shares. A decline of -13.62% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.7 of the overall float, the days-to-cover ratio (short ratio) decline to 1.7.
Which companies own the most shares of Honeywell International Inc. (HON)?
According to The Vanguard Group, Inc. filings, the company currently owns 58,469,931 shares, which is about 8.70% of the total HON shares outstanding. The investor’s shares have appreciated by 667,163 from its previous 13-F filing of 57802768.0 shares. With the completion of the sale transaction, SSgA Funds Management, Inc.’s stake is now worth $6,700,815,931. BlackRock Fund Advisors acquire a 1.58% interest valued at $6.16 billion while Wellington Management Co. LLP purchased a 4,733,461 stake. A total of -1,160,208 shares of Honeywell International Inc. were bought by Massachusetts Financial Services during the quarter, and 0 by Newport Trust Co. In its current portfolio, Geode Capital Management LLC holds 12,347,344 shares valued at $2.57 billion.