|Bid||35.76 x 800|
|Ask||36.73 x 1400|
|Day's Range||36.32 - 36.57|
|52 Week Range||30.64 - 38.60|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.96|
|Expense Ratio (net)||0.56%|
Analysts’ interest in Honeywell (HON) has been on the rise since its third-quarter earnings. Currently, 24 analysts are actively tracking Honeywell stock. 79% of these analysts have recommended the stock as a “buy,” 21% of analysts have recommended the stock as a “hold,” while none of the analysts had a “sell” recommendation for Honeywell.
In the previous article, we looked at Illinois Tool Works’ (ITW) debt position and its debt-to-equity ratio. In this article, we’ll see whether ITW’s free cash flow can help to reduce its debt.
Illinois Tool Works (ITW), a specialized industrial equipment manufacturer, reported debt of $7.40 billion at the end of the third quarter. This debt marked a reduction of $0.93 billion from 2017.
Illinois Tool Works (ITW) reported its third-quarter earnings on October 24. The company reported an EPS of $1.90—an increase of 11% compared to the previous year. Illinois Tool Works managed to beat analysts’ estimates of $1.88 per share. However, the company didn’t meet the revenue expectations. The company reported revenues of $3.61 billion—flat compared to the previous year. Analysts expected Illinois Tool Works to post revenues of $3.72 billion.
Honeywell International’s (HON) HBT (Home and Building Technologies) segment is the company’s third-largest revenue contributor. In the third quarter of 2018, the segment’s contribution declined 1.1 percentage points YoY (year-over-year) to 23.4% of the company’s total revenue. The segment’s revenue increased ~1.5% YoY to $2.52 billion, from $2.48 billion.
Currently, 24 analysts are tracking Honeywell (HON), which is more than during the second quarter. The latest analyst consensus target price on Honeywell is ~$178.0, which implies a potential return of 11.6% over the closing price of $159.56. In the past three months, analysts have moved the target price from $173.65 to the current target price, which indicates analysts are bullish on the stock.
CNBC recently highlighted the woes of Greenlight Capital hedge fund manager David Einhorn, a noted value investor, who has investors fleeing his fund after posting an 18.7 percent loss year-to-date and a 7.7 percent loss in the month of June alone. The latest bull market since February has been largely attributed to returns seen in stocks featuring high-growth and momentum, according to Robert Buckland of Citi Research. "This usually favors growth and momentum trades and has produced bubbles in the past," said Buckland.