Honeywell International Inc. (NASDAQ:HON) Short Interest Down 32.7% in February

Honeywell International Inc. (NASDAQ:HON) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 7,511,345 shares, a decrease of 32.7% from the February 12th total of 11,157,787 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 2,813,467 shares, the short-interest ratio is currently 2.7 days. Based on an average trading volume of 2,813,467 shares, the short-interest ratio is currently 2.7 days. Currently, 1.2% of the company’s shares are sold short.

Insider Buying and Selling

In other 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 completion of the sale, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,190 shares of company stock valued at $4,244,287 in the last three months. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitlin John LLC lifted its stake in shares of Honeywell International by 138.9% during the 4th quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock valued at $25,000 after buying an additional 75 shares in the last quarter. Holos Integrated Wealth LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth $26,000. Howard Hughes Medical Institute purchased a new position in shares of Honeywell International in the second quarter valued at $33,000. Finally, Barnes Dennig Private Wealth Management LLC raised its stake in shares of Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

HON stock traded up $1.39 during midday trading on Friday, hitting $234.79. The company’s stock had a trading volume of 1,729,828 shares, compared to its average volume of 4,447,027. The stock has a market cap of $149.25 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 3.47 and a beta of 0.92. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. Honeywell International has a 1 year low of $169.21 and a 1 year high of $248.18. The stock’s 50-day moving average price is $229.01 and its 200 day moving average price is $212.31.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the prior year, the business earned $2.47 earnings per share. Honeywell International’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts forecast that Honeywell International will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $1.19 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.76 annualized dividend and a yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) is 59.57%.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of analyst reports. Daiwa Securities Group upped their target price on shares of Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. DZ Bank lowered their price objective on Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Morgan Stanley lifted their target price on Honeywell International from $235.00 to $245.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Argus increased their price target on Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $251.65.

Honeywell International Company Profile

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.