Honeywell International Inc. (NASDAQ:HON) Short Interest Up 16.4% in October

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

Honeywell International Price Performance

NASDAQ:HON opened at $228.99 on Monday. The firm has a market capitalization of $148.90 billion, a price-to-earnings ratio of 26.44, a P/E/G 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. The stock has a fifty day moving average of $211.39 and a 200 day moving average of $207.94. 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 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 paid a dividend of $1.13 per share. This is a positive change 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 annualized dividend and a yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

Wall Street Analyst Weigh In

HON has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Royal Bank of Canada raised their target price on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $241.45.

Institutional Investors Weigh In On Honeywell International

Large investors have recently added to or reduced their stakes in the business. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International during the third quarter valued at $25,000. LGT Group Foundation bought a new stake in Honeywell International during the first quarter worth about $26,000. Reston Wealth Management LLC bought a new stake in Honeywell International during the third quarter worth about $29,000. Planning Capital Management Corp lifted 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 worth $34,000 after purchasing an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. bought a new stake in Honeywell International during the second quarter worth about $38,000. 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.