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

Honeywell International Inc. (NASDAQ:HON) was the target of a significant increase in short interest in 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. Based on an average daily volume of 3,710,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.6% of the company’s shares are short sold.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Bank of America increased their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Performance

NASDAQ:HON traded down $2.99 during trading hours on Tuesday, reaching $226.96. The stock had a trading volume of 4,021,819 shares, compared to its average volume of 3,126,488. The stock has a market cap of $147.58 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The stock has a 50 day simple moving average of $216.57 and a 200 day simple moving average of $210.03. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International has a 12-month low of $189.66 and a 12-month high of $242.77.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.99%. Honeywell International’s dividend payout ratio (DPR) is 52.19%.

Institutional Investors Weigh In On Honeywell International

Institutional investors have recently made changes to their positions in the stock. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International during the 3rd quarter valued at $25,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International during the third quarter valued at about $29,000. Financial Avengers Inc. lifted its holdings in shares of Honeywell International by 48.1% in the third 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 boosted its position in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the period. Finally, Financial Connections Group Inc. bought a new stake in Honeywell International during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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.