Short Interest in Honeywell International Inc. (NASDAQ:HON) Increases By 5.1%

Honeywell International Inc. (NASDAQ:HON) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 8,810,000 shares, an increase of 5.1% from the November 30th total of 8,380,000 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,240,000 shares, the days-to-cover ratio is currently 2.1 days.

Honeywell International Price Performance

Shares of HON opened at $225.52 on Friday. The company has a market capitalization of $146.64 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a 50 day moving average of $224.31 and a 200 day moving average of $213.81.

Wall Street Analyst Weigh In

Several research firms have commented on HON. Jefferies Financial Group lifted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research note on Wednesday, December 11th. Finally, Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $249.57.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HON. Old Port Advisors increased its holdings in Honeywell International by 0.5% in the 4th quarter. Old Port Advisors now owns 11,000 shares of the conglomerate’s stock worth $2,485,000 after buying an additional 56 shares in the last quarter. SK Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at about $235,000. Principal Financial Group Inc. grew its stake in shares of Honeywell International by 3.7% in the third quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate’s stock worth $164,836,000 after acquiring an additional 28,812 shares during the period. Copley Financial Group Inc. bought a new position in Honeywell International during the third quarter valued at approximately $454,000. Finally, Tidal Investments LLC boosted its holdings in Honeywell International by 46.3% in the third quarter. Tidal Investments LLC now owns 48,572 shares of the conglomerate’s stock worth $10,040,000 after purchasing an additional 15,370 shares during the last quarter. Hedge funds and other 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.