Honeywell Automation India Share Price Drops in Today’s Trading
December 4, 2023
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Today’s trading showed a drop in the share price of Honeywell Automation India. This is disappointing news for investors in the company, as they were expecting the stock to remain steady or even increase. Honeywell International ($NASDAQ:HON) is a global leader in providing innovative technology and software solutions for a wide range of industries, including aviation, aerospace, building, automotive, defense and security. They are known for their reliable products and services, and have become a trusted brand in many countries around the world.
This could include lower-than-expected sales in certain sectors, changes in the competitive landscape, new regulations imposed on the industry, or any other external factor that could affect the stock price. Investors should pay close attention to changes in the market and to any potential opportunities or challenges that may arise from the recent decline in stock price.
Share Price
Today, the share price of HONEYWELL INTERNATIONAL, a leading provider of automation and control products and services, dropped in trading. The stock opened at $193.1 and closed at $193.4, a marginal increase of 0.6% from its last closing price of 192.3. This marks a slight decline in the stock price for the day after an otherwise consistent and promising upward trend for the company.
This minor drop in the stock price may not be indicative of the company’s longer-term prospects, but it is something that investors should monitor closely. Further analysis and research into the underlying factors contributing to this minor price drop may help investors make an informed decision about whether to hold on to their investments or look for new opportunities elsewhere. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Honeywell International. More…
| Total Revenues | Net Income | Net Margin |
| 36.41k | 5.41k | 15.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Honeywell International. More…
| Operations | Investing | Financing |
| 4.75k | -1.39k | -3.15k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Honeywell International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 61.3k | 43.51k | 26.14 |
Key Ratios Snapshot
Some of the financial key ratios for Honeywell International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.1% | 8.6% | 20.7% |
| FCF Margin | ROE | ROA |
| 10.5% | 27.3% | 7.7% |
Analysis
At GoodWhale, we analyze HONEYWELL INTERNATIONAL‘s financials to get an accurate picture of its performance. According to our Star Chart, HONEYWELL INTERNATIONAL is strong in asset, dividend, profitability, but weak in growth. As such, we classify HONEYWELL INTERNATIONAL as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This type of company may be attractive to value investors, as the assets and dividend provide a great return and, with moderate growth, it is often more stable than high-growth companies. In addition, HONEYWELL INTERNATIONAL has a high health score of 8/10 considering its cashflows and debt, indicating it is capable of sustaining future operations even in times of crisis. More…
Peers
Honeywell International Inc is an American multinational conglomerate company that produces a variety of commercial and consumer products, engineering services and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments. Its competitors include Signet International Holdings Inc, LCTI Low Carbon Technologies International Inc, Noritake Co Ltd.
– Signet International Holdings Inc ($OTCPK:LWCTF)
Noritake Co Ltd is a Japanese company that manufactures and sells tableware and other ceramic products. The company has a market cap of 58.36 billion as of 2022 and a return on equity of 6.39%. Noritake Co Ltd has a long history, dating back to 1904 when it was founded in Nagoya, Japan. The company’s products are sold in over 90 countries and it has over 8,000 employees. Noritake Co Ltd’s products include dinnerware, flatware, glassware, and giftware. The company also manufactures and sells hotel wares, industrial ceramics, and electronic ceramics.
Summary
Honeywell International Inc. is a multinational conglomerate company that provides a wide range of products, technologies, and services in the aerospace, home and building technologies, performance materials and technologies, and safety and productivity solutions. Analysts have a positive outlook on the stock, citing the company’s expanding customer base and growing product portfolio as major drivers of long-term growth. Honeywell has also been diversifying its business model and expanding its presence in new markets, both of which are expected to drive future revenue growth.
Additionally, the company’s continued focus on cost savings initiatives and restructuring plans are expected to lead to future earnings growth. Overall, many investors view Honeywell as a strong long-term investment opportunity due to its diverse portfolio of products and services, expanding customer base, and strong financial position.
