Alert: Positive Investment/Fundamental Signals (6/21/24)-Honeywell International Inc (NASDAQ: HON)

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Honeywell International Inc (NASDAQ: HON). Meaningful positive changes in fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Honeywell International Inc (NASDAQ: HON) has recently enjoyed significant positive changes in investment behavior: the stock rose on very heavy volume.

In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

HON is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.

Honeywell International has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Honeywell International has a poor Appreciation Score of 15 but a slightly positive Power Rating of 68, producing the Negative Value Trend Rating.

Recent Price Action

On 6/21/24, Honeywell International Inc (NASDAQ: HON) stock rose modestly by 0.4%, closing at $215.09. Moreover, exceptionally high trading volume at 285% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 3.2% during the last week.

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