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

Honeywell International Inc. (NASDAQ:HON) was the recipient 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 shares of the company are short sold.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors have recently bought and sold shares of the business. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International during the 3rd quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International in the third quarter worth $29,000. Financial Avengers Inc. boosted its position in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Planning Capital Management Corp grew its stake in 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 acquiring an additional 81 shares in the last quarter. Finally, Financial Connections Group Inc. bought a new stake in Honeywell International in the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HON. Royal Bank of Canada upped their price target on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a report on Wednesday, November 13th. Bank of America upped their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Wells Fargo & Company upped their price target on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, UBS Group reiterated a “buy” rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Performance

HON traded down $2.98 during midday trading on Monday, reaching $229.95. The company had a trading volume of 3,220,799 shares, compared to its average volume of 3,130,021. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The business has a 50-day moving average of $216.57 and a two-hundred day moving average of $210.03. The company has a market cap of $149.52 billion, a P/E ratio of 26.55, a P/E/G ratio of 2.77 and a beta of 1.03. Honeywell International has a 1 year low of $189.66 and a 1 year high of $242.77.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. Honeywell International’s payout ratio is 52.19%.

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.