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

Honeywell International Inc. (NASDAQ:HON) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 9,057,823 shares, an increase of 20.6% from the February 26th total of 7,511,345 shares. Based on an average daily volume of 4,200,940 shares, the short-interest ratio is presently 2.2 days. Currently, 1.4% of the shares of the stock are sold short.

Honeywell International Price Performance

Shares of HON stock traded up $2.55 during trading hours on Tuesday, hitting $226.03. 3,478,703 shares of the company’s stock were exchanged, compared to its average volume of 4,380,151. Honeywell International has a 52 week low of $169.21 and a 52 week high of $248.18. The stock has a market cap of $143.68 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 3.23 and a beta of 0.92. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The stock’s 50-day moving average is $233.47 and its 200-day moving average is $213.06.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the previous year, the business posted $2.47 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, research analysts forecast that Honeywell International will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $1.19 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International’s payout ratio is currently 59.57%.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 5,274 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total value of $1,260,486.00. Following the sale, the vice president owned 4,803 shares of the company’s stock, valued at $1,147,917. The trade was a 52.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 18,190 shares of company stock worth $4,244,287. Corporate insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

Large investors have recently modified their holdings of the stock. Brighton Jones LLC increased its stake in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after buying an additional 1,582 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Honeywell International by 145.7% during the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock valued at $937,000 after acquiring an additional 2,629 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of Honeywell International by 18.3% during the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after acquiring an additional 1,223 shares during the period. Greenwich Wealth Management LLC bought a new position in Honeywell International in the second quarter valued at about $208,000. Finally, VestGen Advisors LLC boosted its holdings in Honeywell International by 13.2% in the second quarter. VestGen Advisors LLC now owns 7,627 shares of the conglomerate’s stock valued at $1,765,000 after acquiring an additional 888 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HON. JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Citigroup increased their target price on shares of Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Robert W. Baird lifted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, January 30th. BMO Capital Markets assumed coverage on shares of Honeywell International in a research report on Friday. They issued an “outperform” rating and a $273.00 price target on the stock. Finally, DZ Bank decreased their price objective on shares of Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $252.54.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.