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

Honeywell International Inc. (NASDAQ:HON) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 8,810,000 shares, a growth of 5.1% from the November 30th total of 8,380,000 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,240,000 shares, the short-interest ratio is currently 2.1 days.

Hedge Funds Weigh In On Honeywell International

A number of large investors have recently made changes to their positions in HON. Old Port Advisors increased its holdings in Honeywell International by 0.5% during the 4th quarter. Old Port Advisors now owns 11,000 shares of the conglomerate’s stock worth $2,485,000 after acquiring an additional 56 shares during the period. SK Wealth Management LLC purchased a new position in shares of Honeywell International during the 3rd quarter valued at $235,000. Principal Financial Group Inc. increased its holdings in shares of Honeywell International by 3.7% in the third quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate’s stock worth $164,836,000 after purchasing an additional 28,812 shares during the period. Copley Financial Group Inc. purchased a new stake in shares of Honeywell International in the third quarter worth $454,000. Finally, Tidal Investments LLC grew its position in Honeywell International by 46.3% during the third quarter. Tidal Investments LLC now owns 48,572 shares of the conglomerate’s stock worth $10,040,000 after buying an additional 15,370 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

HON opened at $225.52 on Friday. The firm has a 50-day moving average price of $224.31 and a 200-day moving average price of $213.81. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77. 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 company has a market capitalization of $146.64 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 2.85 and a beta of 1.05.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. The Goldman Sachs Group lifted their target price on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays increased their price target on Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus price target of $249.57.

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.