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. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving 30% of its revenue from recurring aftermarket services.

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

As of October 17, 2024, HON stock price climbed to $219.55 with 2,926,878 million shares trading.

HON has a beta of 0.81, meaning it tends to be less sensitive to market movements. HON has a correlation of 0.34 to the broad based SPY ETF.

HON has a market cap of $142.64 billion. This is considered a Large Cap stock.

Last quarter Honeywell Intl reported $10 billion in Revenue and $2.49 earnings per share. This beat revenue expectation by $167 million and exceeded earnings estimates by $.07.

In the last 3 years, HON traded as high as $228.26 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 +20.7%, while the SPY ETF gained +35.2%. In the last 3 month period, HON fell short of the market, returning +0.2%, while SPY returned +4.9%. However, in the most recent 2 weeks HON has outperformed the stock market by returning +8.2%, while SPY returned +2.6%.

HON support price is $216.49 and resistance is $221.44 (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 shares will trade within this expected range on the day.