Honeywell International Inc. (NASDAQ:HON) Short Interest Up 9.9% in December

Honeywell International Inc. (NASDAQ:HON) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 9,680,000 shares, an increase of 9.9% from the December 15th total of 8,810,000 shares. Based on an average trading volume of 4,350,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.5% of the shares of the company are sold short.

Honeywell International Trading Down 0.0 %

HON stock traded down $0.11 during mid-day trading on Friday, reaching $222.58. The company’s stock had a trading volume of 3,349,057 shares, compared to its average volume of 3,230,753. Honeywell International has a 12 month low of $189.66 and a 12 month high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average price is $227.06 and its 200 day moving average price is $214.45. The company has a market cap of $144.73 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06.

Wall Street Analyst Weigh In

HON has been the subject of a number of recent analyst reports. Bank of America upped their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Wednesday, December 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a research report on Tuesday, December 3rd. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $248.29.

Institutional Trading of Honeywell International

Several large investors have recently made changes to their positions in HON. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International during the third quarter worth $25,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International in the 3rd quarter worth approximately $29,000. Hoese & Co LLP bought a new position in shares of Honeywell International in the fourth quarter valued at approximately $30,000. Financial Avengers Inc. increased its position in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp lifted its holdings in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.