Honeywell International Inc. (NASDAQ:HON) Sees Large Decline in Short Interest

by · The Cerbat Gem

Honeywell International Inc. (NASDAQ:HON – Get Free Report) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 7,511,345 shares, a drop of 32.7% from the February 12th total of 11,157,787 shares. Based on an average daily volume of 2,813,467 shares, the short-interest ratio is presently 2.7 days. Currently, 1.2% of the shares of the stock are sold short. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 2,813,467 shares, the short-interest ratio is presently 2.7 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. BNP Paribas Exane lifted their price objective on Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Jefferies Financial Group raised their target price on Honeywell International from $240.00 to $245.00 and gave the company a “hold” rating in a research report on Wednesday, March 4th. Royal Bank Of Canada lifted their price target on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Mizuho dropped their price target on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Finally, DZ Bank decreased their price objective on Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $251.65.

View Our Latest Research Report on HON

Insider Buying and Selling

In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,147,917. This trade represents a 52.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,190 shares of company stock valued at $4,244,287 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Honeywell International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in 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 acquiring an additional 1,582 shares in the last quarter. Acadian Asset Management LLC lifted its position 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 worth $937,000 after purchasing an additional 2,629 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Honeywell International by 18.3% in the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after purchasing an additional 1,223 shares during the period. Advyzon Investment Management LLC grew its holdings in shares of Honeywell International by 6.7% in the second quarter. Advyzon Investment Management LLC now owns 1,062 shares of the conglomerate’s stock valued at $247,000 after purchasing an additional 67 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Honeywell International by 4.6% in the second quarter. SBI Securities Co. Ltd. now owns 1,332 shares of the conglomerate’s stock valued at $310,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON traded up $1.10 during midday trading on Friday, hitting $234.50. The company had a trading volume of 3,117,476 shares, compared to its average volume of 3,578,417. Honeywell International has a twelve month low of $169.21 and a twelve month high of $248.18. The stock has a market cap of $149.07 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 3.39 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 business’s 50-day simple moving average is $229.78 and its 200-day simple moving average is $212.34.

Honeywell International (NASDAQ:HON – Get Free Report) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. Honeywell International’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.47 earnings per share. On average, research analysts predict that Honeywell International will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $1.19 per share. 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 2.0%. Honeywell International’s dividend payout ratio (DPR) is presently 59.57%.

Honeywell International Company Profile

(Get Free Report)

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.

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