HON Stock Summary and Trading Ideas (Honeywell Intl | NASDAQ:HON)

Honeywell traces its roots to 1885 with Albert Butz's firm, Butz-Thermo Electric Regulator, which produced a predecessor to the modern thermostat. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spinoffs of Garrett and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure.

Honeywell Intl trades on the NASDAQ stock market under the symbol HON.

As of April 23, 2024, HON stock price climbed to $196.16 with 2,439,837 million shares trading.

HON has a beta of 0.87, meaning it tends to be less sensitive to market movements. HON has a correlation of 0.38 to the broad based SPY ETF.

HON has a market cap of $129.32 billion. This is considered a Large Cap stock.

Last quarter Honeywell Intl reported $9 billion in Revenue and $2.60 earnings per share. This fell short of revenue expectation by $-260 million and exceeded earnings estimates by $.01.

In the last 3 years, HON stock traded as high as $236.86 and as low as $166.63.

The top ETF exchange traded funds that HON belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

HON has underperformed the market in the last year with a return of +2.7%, while the SPY ETF gained +24.3%. In the last 3 month period, HON fell short of the market, returning -1.9%, while SPY returned +4.9%. However, in the most recent 2 weeks HON has outperformed the stock market by returning -0.8%, while SPY returned -2.5%.

HON support price is $193.20 and resistance is $197.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HON stock will trade within this expected range on the day.