Honeywell International Stock Drops 0.37% to $203.26 on Difficult Trading Day
July 11, 2023
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This drop came in a difficult trading day for the stock market as a whole, with almost all of the major indices experiencing losses. Honeywell International ($NASDAQ:HON) Inc. is a multinational conglomerate that designs and manufactures a wide range of products and services for the aerospace, automotive, consumer goods, medical products, and other industries. Despite its size and influence, Honeywell International Inc. was not immune from the market downturn on Friday. The company’s stock dropped 0.37%, which is a relatively minor setback when looking at the overall performance of the stock year to date.
Analysis
At GoodWhale, we are committed to providing our clients with the most comprehensive analysis on companies. Our Star Chart rating system gave it a good health score of 8/10, indicating that it is capable of sustaining future operations in times of crisis due to its healthy cashflows and manageable debt. We have classified HONEYWELL INTERNATIONAL as a ‘cow’ type company, meaning that it has a track record of paying out consistent and sustainable dividends. Given its strong dividend and profitability, HONEYWELL INTERNATIONAL is an attractive investment for those looking for a steady return in their portfolio. While its asset and growth scores are only considered ‘medium’, its high dividend score is more than enough to balance out any areas of concern. Investors looking for consistent returns should definitely consider HONEYWELL INTERNATIONAL as a potential investment opportunity. More…
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 |
| 35.95k | 5.23k | 15.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Honeywell International. More…
| Operations | Investing | Financing |
| 4.45k | -112 | -6.58k |
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 |
| 59.88k | 42.36k | 25.42 |
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 |
| -0.3% | -0.3% | 19.9% |
| FCF Margin | ROE | ROA |
| 10.2% | 26.6% | 7.5% |
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. had a difficult day in the stock market on Friday, with shares dropping 0.37% to $203.26. Analysts are keeping a close eye on the company’s performance, and investors should assess the overall performance of the company before making any investment decisions. Factors to consider include potential growth opportunities, competitive pressures, financials, and recent news. With a long-term view, investors should assess whether Honeywell International Inc. is a suitable investment and make informed decisions based on the data available.
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