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

Honeywell International Inc. (NASDAQ:HONGet Free Report) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 11,623,011 shares, a drop of 39.9% from the June 15th total of 19,342,363 shares. Currently, 3.7% of the shares of the stock are sold short. Based on an average daily volume of 4,092,252 shares, the days-to-cover ratio is presently 2.8 days.

Honeywell International News Summary

Here are the key news stories impacting Honeywell International this week:

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of Honeywell International from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Mizuho lifted their price target on shares of Honeywell International from $240.00 to $480.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. BMO Capital Markets reissued an “outperform” rating on shares of Honeywell International in a research report on Friday, June 5th. TD Cowen cut their price objective on shares of Honeywell International from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Honeywell International from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Thirteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $257.79.

View Our Latest Report on Honeywell International

Hedge Funds Weigh In On Honeywell International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Verus Capital Partners LLC lifted its stake in shares of Honeywell International by 0.7% in the 4th quarter. Verus Capital Partners LLC now owns 6,658 shares of the conglomerate’s stock valued at $1,299,000 after purchasing an additional 44 shares during the period. Claro Advisors Inc. increased its position in shares of Honeywell International by 0.3% during the fourth quarter. Claro Advisors Inc. now owns 13,930 shares of the conglomerate’s stock worth $2,718,000 after acquiring an additional 45 shares in the last quarter. FSM Wealth Advisors LLC raised its holdings in shares of Honeywell International by 1.1% during the fourth quarter. FSM Wealth Advisors LLC now owns 4,231 shares of the conglomerate’s stock worth $825,000 after acquiring an additional 46 shares during the period. Meridian Financial Partners LLC lifted its position in Honeywell International by 3.8% in the 4th quarter. Meridian Financial Partners LLC now owns 1,258 shares of the conglomerate’s stock valued at $245,000 after acquiring an additional 46 shares in the last quarter. Finally, Facet Wealth Inc. boosted its stake in Honeywell International by 3.6% in the 4th quarter. Facet Wealth Inc. now owns 1,343 shares of the conglomerate’s stock worth $291,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 0.6%

NASDAQ:HON traded down $1.31 on Friday, hitting $225.02. 3,920,206 shares of the stock were exchanged, compared to its average volume of 3,855,461. The stock has a fifty day moving average of $224.31 and a 200-day moving average of $225.23. The stock has a market cap of $71.29 billion, a PE ratio of 15.94, a PEG ratio of 5.10 and a beta of 0.90. The company has a current ratio of 1.39, a quick ratio of 1.10 and a debt-to-equity ratio of 1.98. Honeywell International has a fifty-two week low of $196.59 and a fifty-two week high of $261.24.

Honeywell International (NASDAQ:HONGet Free Report) last released its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.13. The business had revenue of $9.14 billion for the quarter, compared to analyst estimates of $9.30 billion. Honeywell International had a return on equity of 42.29% and a net margin of 11.37%.The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 EPS. Honeywell International has set its FY 2026 guidance at 10.350-10.650 EPS and its Q2 2026 guidance at 2.350-2.450 EPS. As a group, equities analysts expect that Honeywell International will post 8.2 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were given a $1.19 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.76 annualized dividend and a dividend yield of 2.1%. Honeywell International’s dividend payout ratio is presently 67.42%.

About Honeywell International

(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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