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Honeywell International Inc (HON) Becoming More Attractive for Investors

Honeywell International Inc’s filing revealed that its Director KEVIN BURKE acquired Company’s shares for reported $0.12 million on Nov 15 ’24. In the deal valued at $230.67 per share,504 shares were bought.

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Then, D. SCOTT DAVIS bought 2,450 shares, generating $535,011 in total proceeds.

Before that, KAREN L MATTIMORE bought 12,532 shares. Honeywell International Inc shares valued at $2,650,267 were divested by the Officer at a price of $211.48 per share.

Wolfe Research downgraded its Honeywell International Inc [HON] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in late October from “an Outperform” to “a Neutral”. BofA Securities also remained covering HON and has decreased its forecast on October 24, 2024 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan revised its rating on October 10, 2024. It rated HON as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of HON

On Tuesday, Honeywell International Inc [NASDAQ:HON] saw its stock fall -1.30% to $226.96. Over the last five days, the stock has lost -1.58%. Honeywell International Inc shares have risen nearly 8.23% since the year began. Nevertheless, the stocks have risen 14.75% over the past one year. While a 52-week high of $242.77 was reached on 11/12/24, a 52-week low of $189.66 was recorded on 02/01/24. SMA at 50 days reached $217.05, while 200 days put it at $206.51.

Levels Of Support And Resistance For HON Stock

The 24-hour chart illustrates a support level at 223.68, which if violated will result in even more drops to 220.40. On the upside, there is a resistance level at 229.72. A further resistance level may holdings at 232.48. The Relative Strength Index (RSI) on the 14-day chart is 55.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.58%. Stochastics %K at 38.42% indicates the stock is a holding.

How much short interest is there in Honeywell International Inc?

A steep rise in short interest was recorded in Honeywell International Inc stocks on 2024-11-15, growing by 2.66 million shares to a total of 10.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.97 million shares. There was a rise of 25.01%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on September 06, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $210 price target.

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