Short Interest in Honeywell International Inc. (NASDAQ:HON) Decreases By 20.7%

Honeywell International Inc. (NASDAQ:HON - Get Free Report) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 6,980,000 shares, a decrease of 20.7% from the January 15th total of 8,800,000 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,210,000 shares, the short-interest ratio is currently 1.7 days.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Institutional Trading of Honeywell International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mainstream Capital Management LLC acquired a new stake in Honeywell International in the fourth quarter worth about $25,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Honeywell International in the 3rd quarter valued at approximately $25,000. Avalon Trust Co boosted its stake in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International during the 4th quarter worth approximately $29,000. Finally, Hoese & Co LLP acquired a new position in Honeywell International during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. The Goldman Sachs Group raised their price target on Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. HSBC raised Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price objective on the stock in a research report on Wednesday, December 11th. Bank of America lifted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Finally, Jefferies Financial Group upped their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $248.71.

Honeywell International Stock Up 2.6 %

Shares of HON traded up $5.29 during trading hours on Tuesday, hitting $208.04. The company had a trading volume of 4,896,669 shares, compared to its average volume of 4,100,424. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $135.28 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. Honeywell International has a one year low of $189.75 and a one year high of $242.77. The company's fifty day moving average price is $221.86 and its two-hundred day moving average price is $215.20.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, equities analysts forecast that Honeywell International will post 10.3 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, February 28th. Honeywell International's dividend payout ratio is currently 51.89%.

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.