Short Interest in Honeywell International Inc. (NASDAQ:HON) Grows By 9.9%

Honeywell International Inc. (NASDAQ:HON) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 9,680,000 shares, an increase of 9.9% from the December 15th total of 8,810,000 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 4,350,000 shares, the days-to-cover ratio is currently 2.2 days.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HON shares. UBS Group reiterated a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Citigroup reduced their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Wednesday, December 11th. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $248.29.

Institutional Trading of Honeywell International

A number of institutional investors have recently added to or reduced their stakes in HON. Edgestream Partners L.P. purchased a new stake in Honeywell International during the second quarter worth about $1,864,000. Brighton Jones LLC lifted its holdings in shares of Honeywell International by 0.6% in the second quarter. Brighton Jones LLC now owns 17,919 shares of the conglomerate’s stock valued at $3,826,000 after purchasing an additional 109 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of Honeywell International by 9.5% in the second quarter. Ieq Capital LLC now owns 48,216 shares of the conglomerate’s stock valued at $10,296,000 after purchasing an additional 4,187 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Honeywell International by 17.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 18,773 shares of the conglomerate’s stock valued at $4,009,000 after purchasing an additional 2,734 shares in the last quarter. Finally, Callan Capital LLC lifted its holdings in shares of Honeywell International by 6.4% in the second quarter. Callan Capital LLC now owns 2,218 shares of the conglomerate’s stock valued at $474,000 after purchasing an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $0.11 on Friday, reaching $222.58. 3,349,057 shares of the stock were exchanged, compared to its average volume of 3,230,753. Honeywell International has a 1-year low of $189.66 and a 1-year high of $242.77. 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 business has a fifty day moving average price of $227.06 and a two-hundred day moving average price of $214.45. The firm has a market capitalization of $144.73 billion, a PE ratio of 25.70, a PEG ratio of 2.40 and a beta of 1.06.

About Honeywell International

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.