Honeywell International Inc. (NASDAQ:HON) Short Interest Update

Honeywell International Inc. (NASDAQ:HON) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 10,630,000 shares, an increase of 14.5% from the October 31st total of 9,280,000 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 3,710,000 shares, the days-to-cover ratio is presently 2.9 days.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HON shares. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Morgan Stanley began coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Finally, Citigroup reduced their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $241.45.

Hedge Funds Weigh In On Honeywell International

Institutional investors have recently modified their holdings of the stock. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International in the third quarter worth approximately $25,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International in the 3rd quarter worth $29,000. Financial Avengers Inc. grew its position in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares in the last quarter. Planning Capital Management Corp increased its stake in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares during the period. Finally, Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the second quarter valued at about $38,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Down 1.3 %

Shares of HON traded down $2.98 during trading hours on Monday, reaching $229.95. 3,220,799 shares of the company traded hands, compared to its average volume of 3,130,021. The stock’s fifty day moving average price is $216.57 and its 200 day moving average price is $210.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a market cap of $149.52 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.77 and a beta of 1.03. Honeywell International has a 12-month low of $189.66 and a 12-month high of $242.77.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.97%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is 52.19%.

Honeywell International Company Profile

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.