Honeywell International Inc. (NASDAQ:HON) Sees Significant Increase in Short Interest

Honeywell International Inc. (NASDAQ:HON) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 7,970,000 shares, a growth of 20.4% from the September 30th total of 6,620,000 shares. Based on an average daily trading volume, of 2,910,000 shares, the short-interest ratio is currently 2.7 days. Approximately 1.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Honeywell International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Wealth Planning LLC bought a new position in shares of Honeywell International during the 2nd quarter valued at $392,478,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Honeywell International by 22.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after buying an additional 1,746,759 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after buying an additional 944,876 shares during the period. Natixis lifted its holdings in shares of Honeywell International by 184.8% during the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after buying an additional 544,175 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Honeywell International by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after buying an additional 325,272 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Down 0.9 %

Shares of HON stock traded down $1.78 during midday trading on Wednesday, reaching $204.20. 5,353,113 shares of the stock were exchanged, compared to its average volume of 2,950,676. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The company’s 50 day moving average is $207.71 and its two-hundred day moving average is $205.64. Honeywell International has a 1 year low of $179.18 and a 1 year high of $222.98. The firm has a market cap of $132.97 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is currently 52.38%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HON. JPMorgan Chase & Co. dropped their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Barclays decreased their price objective on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $223.73.

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.