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

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

Institutional Investors Weigh In On Honeywell International

Large investors have recently made changes to their positions in the business. Teachers Insurance & Annuity Association of America purchased a new position in shares of Honeywell International in the third quarter valued at $25,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International in the third quarter valued at $29,000. Hoese & Co LLP purchased a new position in shares of Honeywell International in the fourth quarter valued at $30,000. Financial Avengers Inc. boosted its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp boosted its stake in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 0.0 %

Shares of Honeywell International stock traded down $0.11 during trading hours on Friday, hitting $222.58. The company’s stock had a trading volume of 3,349,057 shares, 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 business has a fifty day moving average of $227.06 and a 200 day moving average of $214.45. The company has a market capitalization of $144.73 billion, a PE ratio of 25.70, a P/E/G ratio of 2.40 and a beta of 1.06. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Analyst Ratings Changes

HON has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Wednesday, December 11th. Wells Fargo & Company dropped their price target on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, UBS Group reaffirmed a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. 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, Honeywell International presently has an average rating of “Hold” and an average target price of $248.29.

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.