Short Interest in Honeywell International Inc. (NASDAQ:HON) Increases By 16.4%

Honeywell International Inc. (NASDAQ:HON) saw a significant growth in short interest in 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 company’s shares are sold short. Based on an average daily trading volume, of 3,340,000 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Trading of Honeywell International

A number of institutional investors have recently modified their holdings of the company. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International during the third quarter valued at approximately $25,000. LGT Group Foundation acquired a new position in Honeywell International during the 1st quarter valued at about $26,000. Reston Wealth Management LLC purchased a new stake in Honeywell International in the third quarter valued at about $29,000. Planning Capital Management Corp grew its stake in shares of 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 acquiring an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the second quarter valued at about $38,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Down 0.7 %

Shares of NASDAQ:HON opened at $228.99 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $148.90 billion, a PE ratio of 26.44, a P/E/G ratio of 2.72 and a beta of 1.03. Honeywell International has a 12-month low of $189.66 and a 12-month high of $242.77. The business’s fifty day simple moving average is $211.39 and its 200-day simple moving average is $207.94.

Honeywell International Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HON. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average price target of $241.45.

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.