Honeywell International Inc. (NASDAQ:HON) Short Interest Up 23.0% in August

Honeywell International Inc. (NASDAQ:HON) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 6,800,000 shares, an increase of 23.0% from the August 15th total of 5,530,000 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 2,750,000 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Trading of Honeywell International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HON. LGT Group Foundation bought a new stake in shares of Honeywell International during the 1st quarter valued at about $26,000. Scarborough Advisors LLC purchased a new stake in Honeywell International in the fourth quarter worth about $27,000. Richardson Capital Management LLC bought a new stake in Honeywell International during the 1st quarter valued at approximately $35,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International during the 2nd quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International in the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 0.3 %

NASDAQ HON opened at $204.68 on Tuesday. The company has a market capitalization of $133.28 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.32 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International has a twelve month low of $174.88 and a twelve month high of $220.79. The stock’s 50-day simple moving average is $205.34 and its two-hundred day simple moving average is $203.36.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the prior year, the firm posted $2.23 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts forecast that Honeywell International will post 10.11 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.11%. Honeywell International’s dividend payout ratio is presently 50.06%.

Analyst Ratings Changes

HON has been the subject of a number of research analyst reports. Citigroup boosted their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Royal Bank of Canada dropped their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Wells Fargo & Company cut their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $223.13.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.