Short Interest in Honeywell International Inc. (NASDAQ:HON) Declines By 37.4%

Honeywell International Inc. (NASDAQ:HON) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 5,270,670 shares, a decrease of 37.4% from the July 30th total of 8,418,114 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 3,253,434 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Ratings Changes

Several analysts recently weighed in on HON shares. Mizuho lifted their price target on Honeywell International from $240.00 to $265.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Wolfe Research raised Honeywell International to a “hold” rating in a report on Monday, June 29th. Sanford C. Bernstein began coverage on Honeywell International in a research report on Wednesday, June 10th. They set a “market perform” rating and a $233.00 price objective on the stock. Rothschild & Co Redburn lowered their price objective on Honeywell International from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Finally, Bank of America raised Honeywell International from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $205.00 to $265.00 in a report on Tuesday, July 28th. Thirteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $253.83.

Honeywell International Price Performance

Shares of HON opened at $217.43 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 1.39. Honeywell International has a 12 month low of $196.59 and a 12 month high of $261.24. The firm’s 50 day moving average is $230.53 and its 200-day moving average is $229.11. The stock has a market capitalization of $68.91 billion, a PE ratio of 8.40, a P/E/G ratio of 4.87 and a beta of 0.89.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.15. Honeywell International had a return on equity of 34.00% and a net margin of 23.90%.The business had revenue of $9.72 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the previous year, the company posted $1.77 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Honeywell International has set its Q3 2026 guidance at 2.050-2.200 EPS and its Q4 2026 guidance at 2.280-2.430 EPS. Equities research analysts forecast that Honeywell International will post 8.25 EPS for the current year.

Honeywell International Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, August 14th. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. Honeywell International’s payout ratio is currently 36.80%.

Insiders Place Their Bets

In other Honeywell International news, CEO Kenneth J. West sold 17,032 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $243.77, for a total transaction of $4,151,890.64. Following the completion of the sale, the chief executive officer directly owned 2,132 shares in the company, valued at $519,717.64. This trade represents a 88.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Institutional Trading of Honeywell International

Hedge funds and other institutional investors have recently made changes to their positions in the company. MADDEN SECURITIES Corp acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $1,418,000. Valley Wealth Managers Inc. lifted its position in shares of Honeywell International by 33.9% during the 4th quarter. Valley Wealth Managers Inc. now owns 114,016 shares of the conglomerate’s stock valued at $22,243,000 after acquiring an additional 28,875 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Honeywell International by 3.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,683,119 shares of the conglomerate’s stock valued at $329,788,000 after purchasing an additional 57,441 shares during the period. International Assets Investment Management LLC grew its stake in shares of Honeywell International by 2,165.9% in the 4th quarter. International Assets Investment Management LLC now owns 154,741 shares of the conglomerate’s stock valued at $30,188,000 after buying an additional 147,912 shares during the period. Finally, AXQ Capital LP grew its stake in Honeywell International by 54.5% in the fourth quarter. AXQ Capital LP now owns 12,862 shares of the conglomerate’s stock valued at $2,509,000 after acquiring an additional 4,536 shares during the period. 75.91% of the stock is currently owned by institutional investors.

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.