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Honeywell International Inc (HON) Becoming More Attractive for Investors

In a filing, Honeywell International Inc revealed its Director KEVIN BURKE acquired Company’s shares for reported $0.11 million on Aug 15 ’24. In the deal valued at $197.60 per share,544 shares were bought.

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Then, Adamczyk Darius sold 28,500 shares, generating $5,812,860 in total proceeds. Upon selling the shares at $203.96, the Director now owns 203,510 shares.

Before that, Lewis Gregory P sold 25,209 shares. Honeywell International Inc shares valued at $4,866,850 were divested by the SrVP & Chief Financial Officer at a price of $193.06 per share. As a result of the transaction, Lewis Gregory P now holds 55,471 shares, worth roughly $12.29 million.

JP Morgan downgraded its Honeywell International Inc [HON] rating to a Neutral from a an Overweight in a research note published on October 10, 2024; the price target was increased to $235 from $225. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early September with a ‘”an Equal-weight”‘ rating. Deutsche Bank also remained covering HON and has decreased its forecast on April 16, 2024 with a “Hold” recommendation from previously “Buy” rating. Berenberg revised its rating on March 06, 2024. It rated HON as “a Buy” which previously was an “a Hold”.

Price Performance Review of HON

On Monday, Honeywell International Inc [NASDAQ:HON] saw its stock fall -0.23% to $221.50. Over the last five days, the stock has gained 1.79%. Honeywell International Inc shares have risen nearly 5.62% since the year began. Nevertheless, the stocks have risen 21.52% over the past one year. While a 52-week high of $222.07 was reached on 10/21/24, a 52-week low of $174.88 was recorded on 02/01/24. SMA at 50 days reached $205.80, while 200 days put it at $203.21.

Levels Of Support And Resistance For HON Stock

The 24-hour chart illustrates a support level at 220.07, which if violated will result in even more drops to 218.63. On the upside, there is a resistance level at 222.96. A further resistance level may holdings at 224.41. The Relative Strength Index (RSI) on the 14-day chart is 76.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.92%. Stochastics %K at 96.66% indicates the stock is a selling.

How much short interest is there in Honeywell International Inc?

A steep rise in short interest was recorded in Honeywell International Inc stocks on 2024-09-30, dropping by -0.18 million shares to a total of 6.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.8 million shares. There was a decline of -2.67%, which implies that there is a negative sentiment for the stock.

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