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

Honeywell International Inc. (NASDAQ:HON) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 9,280,000 shares, an increase of 16.4% from the October 15th total of 7,970,000 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average trading volume of 3,340,000 shares, the days-to-cover ratio is currently 2.8 days.

Honeywell International Trading Down 0.7 %

Shares of HON stock opened at $228.99 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a fifty day simple moving average of $211.39 and a two-hundred day simple moving average of $207.94. The firm has a market capitalization of $148.90 billion, a PE ratio of 26.44, a PEG ratio of 2.72 and a beta of 1.03. Honeywell International has a 52-week low of $189.66 and a 52-week high of $242.77.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 49.88%.

Wall Street Analyst Weigh In

HON has been the subject of several research reports. Bank of America increased their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday. Wells Fargo & Company raised their target price on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Barclays boosted their price target on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Citigroup reduced their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Honeywell International has an average rating of “Hold” and an average target price of $241.45.

Institutional Trading of Honeywell International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International during the 3rd quarter valued at approximately $25,000. LGT Group Foundation bought a new position in Honeywell International during the first quarter valued at $26,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International in the 3rd quarter worth $29,000. Planning Capital Management Corp increased its holdings in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. purchased a new stake in shares of Honeywell International during the 2nd quarter valued at about $38,000. 75.91% of the stock is currently owned by institutional investors.

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.