Short Interest in Honeywell International Inc. (NASDAQ:HON) Expands By 20.6%

Honeywell International Inc. (NASDAQ:HONGet Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 9,057,823 shares, a growth of 20.6% from the February 26th total of 7,511,345 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 4,200,940 shares, the days-to-cover ratio is currently 2.2 days.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,099,887. The trade was a 68.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 18,190 shares of company stock worth $4,244,287. Company insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC raised its position in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after buying an additional 1,582 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Honeywell International by 145.7% in the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock worth $937,000 after acquiring an additional 2,629 shares during the period. Schnieders Capital Management LLC. raised its holdings in shares of Honeywell International by 18.3% during the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock worth $1,844,000 after purchasing an additional 1,223 shares during the last quarter. Greenwich Wealth Management LLC purchased a new position in shares of Honeywell International during the second quarter worth $208,000. Finally, VestGen Advisors LLC lifted its position in Honeywell International by 13.2% during the second quarter. VestGen Advisors LLC now owns 7,627 shares of the conglomerate’s stock valued at $1,765,000 after purchasing an additional 888 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International News Summary

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Vertical Research lowered Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a report on Monday, January 5th. Morgan Stanley raised their price objective on Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a report on Thursday, March 12th. The Goldman Sachs Group lifted their target price on Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Wells Fargo & Company upped their target price on Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. raised their price target on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.83.

Check Out Our Latest Analysis on Honeywell International

Honeywell International Stock Up 1.1%

NASDAQ:HON traded up $2.58 during trading hours on Wednesday, reaching $228.61. The company’s stock had a trading volume of 1,619,545 shares, compared to its average volume of 4,340,554. The stock has a 50 day moving average price of $233.69 and a two-hundred day moving average price of $213.16. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The company has a market capitalization of $145.32 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 3.23 and a beta of 0.92. Honeywell International has a 12 month low of $169.21 and a 12 month high of $248.18.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $2.47 EPS. Equities analysts predict that Honeywell International will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, February 27th. Honeywell International’s payout ratio is 59.57%.

About Honeywell International

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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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