Honeywell International (HON) has been under a strong bear grip, hence the stock is down -3.39% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.69% in the past 1 week. The stock has risen by 0.62% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.15% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.97% and the 50-Day Moving Average is 0.37%. Honeywell International Inc. is up 2.33% in the last 3-month period. Year-to-Date the stock performance stands at 13.55%.
Honeywell International (NYSE:HON): stock turned positive on Friday. Though the stock opened at $115.6, the bulls momentum made the stock top out at $116.5 level for the day. The stock recorded a low of $115.05 and closed the trading day at $116.33, in the green by 0.49%. The total traded volume for the day was 2,939,858. The stock had closed at $115.76 in the previous days trading.
Also, In the latest statement by the brokerage house, Argus Research maintains its outlook on Honeywell International (NYSE:HON). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $125 per share to $130 per share. The rating by the firm was issued on July 26, 2016.
Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company. The Company is engaged in serving customers across the world with aerospace products and services, turbochargers, control, sensing and security technologies for buildings, homes and industry, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. The Company operates in segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment is a supplier of aircraft engines, integrated avionics, systems and service solutions, and related products and services. ACS segment provides environmental and combustion controls, sensing controls, security and life safety products and services. Its PMT segment develops and manufactures advanced materials, process technologies and automation solutions.