Honeywell International Inc. (NASDAQ:HON) Sees Significant Growth in Short Interest

Honeywell International Inc. (NASDAQ:HON - Get Free Report) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 9,280,000 shares, an increase of 16.4% from the October 15th total of 7,970,000 shares. Based on an average daily trading volume, of 3,340,000 shares, the short-interest ratio is presently 2.8 days. Currently, 1.4% of the company's shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Quent Capital LLC increased its position in shares of Honeywell International by 4.7% in the first quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate's stock worth $353,000 after purchasing an additional 77 shares during the last quarter. Banco Santander S.A. raised its holdings in Honeywell International by 1.9% in the 1st quarter. Banco Santander S.A. now owns 7,002 shares of the conglomerate's stock worth $1,437,000 after acquiring an additional 131 shares during the last quarter. M&G Plc purchased a new stake in shares of Honeywell International during the 1st quarter valued at about $1,993,000. Jupiter Asset Management Ltd. bought a new position in shares of Honeywell International during the 1st quarter valued at $1,398,000. Finally, TIAA Trust National Association lifted its holdings in Honeywell International by 10.4% in the first quarter. TIAA Trust National Association now owns 60,240 shares of the conglomerate's stock valued at $12,364,000 after acquiring an additional 5,653 shares during the period. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 0.2 %

NASDAQ HON traded down $0.55 on Friday, reaching $228.99. The company had a trading volume of 3,707,893 shares, compared to its average volume of 3,103,041. 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 stock has a market capitalization of $148.90 billion, a P/E ratio of 26.44, a P/E/G ratio of 2.77 and a beta of 1.03. The company's fifty day moving average is $211.39 and its 200 day moving average is $207.74. Honeywell International has a 52-week low of $189.66 and a 52-week high of $242.77.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International's dividend payout ratio (DPR) is presently 52.19%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on Honeywell International from $213.00 to $253.00 and gave the company a "sector perform" rating in a research note on Wednesday. Morgan Stanley began coverage on shares of Honeywell International in a report on Friday, September 6th. They set an "equal weight" rating and a $210.00 price target for the company. Wolfe Research lowered shares of Honeywell International from an "outperform" rating to a "peer perform" rating in a research note on Monday, October 28th. Citigroup lowered their target price on shares of Honeywell International from $248.00 to $244.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird downgraded Honeywell International from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $241.45.

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.