Honeywell Stock Buy Hold or Sell Recommendation

HON -  USA Stock  

USD 217.65  1.78  0.81%

Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Honeywell International is 'Buy'. Macroaxis provides Honeywell International buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding HON positions. The advice algorithm takes into account all of Honeywell International's available fundamental, technical, and predictive indicators you will find on this site.

Honeywell Advice 

 
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The advice is provided from Honeywell International's buy-and-hold perspective. Please check Honeywell International Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Honeywell and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Honeywell International.

Execute Honeywell International Buy or Sell Advice

The Honeywell recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Honeywell International. Macroaxis does not own or have any residual interests in Honeywell International or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Honeywell International's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Honeywell InternationalBuy Honeywell International
Buy

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

Fairly ValuedDetails

Odds of Distress

LowDetails

Economic Sensitivity

Almost mirrors the marketDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

StrongDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Honeywell International has a Risk Adjusted Performance of 0.0223, Jensen Alpha of (0.037595), Total Risk Alpha of (0.07), Sortino Ratio of (0.030996) and Treynor Ratio of 0.0191
Macroaxis provides investment recommendation on Honeywell International to complement and cross-verify current analyst consensus on Honeywell International. Our trade recommendations engine determines the entity's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure Honeywell International is not overpriced, please check out all Honeywell International fundamentals, including its current ratio, retained earnings, and the relationship between the net income and price to earnings to growth . Given that Honeywell International has a price to earning of 28.01 X, we strongly advise you to confirm Honeywell International market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your regular risk tolerance and investing horizon.

Honeywell International Trading Alerts and Improvement Suggestions

Honeywell International generated a negative expected return over the last 90 days
Over 75.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Exercise or conversion by Que Dallara of 924 shares of Honeywell International subject to Rule 16b-3

Honeywell International current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Honeywell analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Honeywell analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price236.18
Target Median Price236.00
Target High Price264.00
Recommendation Mean2.40
Number Of Analyst Opinions23
Target Low Price200.00
Average Consensus Buy
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Honeywell International Returns Distribution Density

The distribution of Honeywell International's historical returns is an attempt to chart the future uncertainty of Honeywell International's future price movements. The chart of the probability distribution of Honeywell International stock daily returns describes the distribution of returns around its average expected value. We use Honeywell International price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Honeywell International returns is essential to provide solid investment advice for Honeywell International stock.
Mean Return0.0278Value At Risk-2.12
Potential Upside1.67Standard Deviation1.17
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Honeywell International historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Honeywell Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Honeywell International is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Honeywell International backward and forwards among themselves. Honeywell International's institutional investor refers to the entity that pools money to purchase Honeywell International's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Ferguson Wellman Capital Management IncCommon Shares230.2 K48 M
Chesley Taft Associates LlcCommon Shares138.6 K28.9 M
State Of Alaska Department Of RevenueCommon Shares99.6 K20.8 M
Neville Rodie Shaw IncCommon Shares75.5 K15.7 M
Abner Herrman Brock LlcCommon Shares74.5 K15.5 M
Grassi Investment ManagementCommon Shares65.9 K13.8 M
Crossmark Global Holdings IncCommon Shares52.1 K10.9 M
Note, although Honeywell International's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Honeywell International Cash Flow Accounts

201720182019202020212022 (projected)
Capital Expenditure(945 M)(813 M)(796 M)(849 M)(976.35 M)(1.05 B)
Depreciation Amortization and Accretion1.11 B1.12 B1.09 B1 B1.15 B1.19 B
Net Cash Flow or Change in Cash and Cash Equivalents(784 M)2.23 B(220 M)5.21 B5.99 B6.46 B
Net Cash Flow Business Acquisitions and Disposals(82 M)(535 M)(50 M)(261 M)(300.15 M)(323.85 M)
Issuance Purchase of Equity Shares(2.37 B)(3.73 B)(3.9 B)(3.32 B)(2.99 B)(3.22 B)
Issuance Repayment of Debt Securities1.11 B(1.51 B)(177 M)5.89 B6.77 B7.31 B
Payment of Dividends and Other Cash Distributions(2.12 B)(2.27 B)(2.44 B)(2.59 B)(2.33 B)(2.52 B)
Net Cash Flow from Financing(3.52 B)(5.03 B)(6.6 B)(81 M)(72.9 M)(78.66 M)
Net Cash Flow from Investing(3.57 B)1.03 B(533 M)(987 M)(1.14 B)(1.22 B)
Net Cash Flow Investment Acquisitions and Disposals(2.33 B)2.38 B313 M123 M141.45 M152.62 M
Net Cash Flow from Operations5.97 B6.43 B6.9 B6.21 B7.14 B6.78 B
Effect of Exchange Rate Changes on Cash340 M(201 M)16 M68 M78.2 M84.37 M
Share Based Compensation176 M175 M153 M168 M193.2 M177.7 M

Honeywell International Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Honeywell International or Industrials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Honeywell International stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Honeywell stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
-0.04
β
Beta against DOW0.93
σ
Overall volatility
1.18
Ir
Information ratio -0.04

Honeywell International Volatility Alert

Honeywell International has relatively low volatility with skewness of -0.54 and kurtosis of 0.22. However, we advise all investors to independently investigate Honeywell International to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Honeywell International's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Honeywell International's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Honeywell International Implied Volatility

Honeywell International's implied volatility exposes the market's sentiment of Honeywell International stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Honeywell International's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Honeywell International stock will not fluctuate a lot when Honeywell International's options are near their expiration.

Honeywell International Fundamentals Vs Peers

Comparing Honeywell International's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Honeywell International's direct or indirect competition across all of the common fundamentals between Honeywell International and the related equities. This way, we can detect undervalued stocks with similar characteristics as Honeywell International or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Honeywell International's fundamental indicators could also be used in its relative valuation, which is a method of valuing Honeywell International by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Honeywell International to competition
FundamentalsHoneywell InternationalPeer Average
Return On Equity30.44 %(0.31) %
Return On Asset7.39 %(0.14) %
Profit Margin15.80 %(1.27) %
Operating Margin25.21 %(5.51) %
Current Valuation154.28 B16.62 B
Shares Outstanding688.42 M571.82 M
Shares Owned by Insiders0.09 %10.09 %
Shares Owned by Institutions75.45 %39.21 %
Number of Shares Shorted4.98 M4.71 M
Price to Earning28.01 X28.72 X
Price to Book8.40 X9.51 X
Price to Sales4.33 X11.42 X
Revenue34.64 B9.43 B
Gross Profit10.47 B27.38 B
EBITDA8.73 B3.9 B
Net Income5.47 B570.98 M
Cash and Equivalents12.14 B2.7 B
Cash per Share17.63 X5.01 X
Total Debt22.26 B5.32 B
Debt to Equity1.23 %48.70 %
Current Ratio1.29 X2.16 X
Book Value Per Share25.92 X1.93 K
Cash Flow from Operations6.16 B971.22 M
Short Ratio1.46 X4.00 X
Earnings Per Share7.77 X3.12 X
Price to Earnings To Growth2.27 X4.89 X
Number of Employees103 K18.84 K
Beta1.17-0.15
Market Capitalization149.84 B19.03 B
Total Asset49.32 B29.47 B
Retained Earnings33.55 B9.33 B
Working Capital1.68 B1.48 B
Current Asset20.05 B9.34 B
   Exercise or conversion by Que Dallara of 924 shares of Honeywell International subject to Rule 16b-3 [view details]

Honeywell International Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Honeywell . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution40023.51
Daily Balance Of Power(0.68)
Rate Of Daily Change0.99
Day Median Price216.67
Day Typical Price216.99
Market Facilitation Index0.0
Price Action Indicator0.095

About Honeywell International Buy or Sell Advice

When is the right time to buy or sell Honeywell International? Buying financial instruments such as Honeywell Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Honeywell International investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Receivables7.49 B6.83 B6.14 B6.5 B
Inventories4.42 B4.49 B4.04 B3.96 B

Use Investing Ideas to Build Portfolios

In addition to having Honeywell International in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Disruptive Technologies Theme
New or established technology companies and funds across multiple sectors that are involved in development or marketing of products or services that experience disruptive trends and that are at the forefront of discussions on Wall Street. Disruptive Technologies theme has 59 constituents.
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Please check Honeywell International Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Honeywell International information on this page should be used as a complementary analysis to other Honeywell International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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Is Honeywell International's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Honeywell International. If investors know Honeywell will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Honeywell International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Honeywell International is measured differently than its book value, which is the value of Honeywell that is recorded on the company's balance sheet. Investors also form their own opinion of Honeywell International's value that differs from its market value or its book value, called intrinsic value, which is Honeywell International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Honeywell International's market value can be influenced by many factors that don't directly affect Honeywell International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Honeywell International's value and its price as these two are different measures arrived at by different means. Investors typically determine Honeywell International value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Honeywell International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.