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

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International during the 3rd quarter valued at $25,000. Hoese & Co LLP bought a new stake in shares of Honeywell International during the fourth quarter worth about $30,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the 3rd quarter worth about $29,000. Financial Avengers Inc. lifted its position in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp boosted its stake in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 0.6 %

NASDAQ HON traded down $1.31 during mid-day trading on Monday, reaching $222.41. 3,216,701 shares of the stock were exchanged, compared to its average volume of 3,497,072. The stock has a market cap of $144.62 billion, a P/E ratio of 25.68, a P/E/G ratio of 2.57 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International has a one year low of $189.75 and a one year high of $242.77. The stock has a 50 day simple moving average of $225.91 and a 200-day simple moving average of $215.08.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HON. Bank of America upped their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. The Goldman Sachs Group increased their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Jefferies Financial Group raised their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company dropped their target price on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus target price of $248.29.

Honeywell International Company Profile

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.