Short Interest in Honeywell International Inc. (NASDAQ:HON) Declines By 32.7%

Honeywell International Inc. (NASDAQ:HON) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 7,511,345 shares, a decline of 32.7% from the February 12th total of 11,157,787 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 2,813,467 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily volume of 2,813,467 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.2% of the company’s stock are short sold.

Insider Buying and Selling

In other news, Director D Scott Davis sold 2,367 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This represents a 7.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert D. Mailloux sold 5,274 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. This trade represents a 52.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 18,190 shares of company stock worth $4,244,287. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Honeywell International

A number of hedge funds and other institutional investors have recently bought and sold shares of HON. Holos Integrated Wealth LLC acquired a new stake in Honeywell International during the 4th quarter worth approximately $25,000. Caitlin John LLC lifted its holdings in shares of Honeywell International by 138.9% during the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 75 shares during the period. Ares Financial Consulting LLC bought a new stake in shares of Honeywell International in the fourth quarter worth $26,000. Hilton Head Capital Partners LLC acquired a new stake in Honeywell International in the fourth quarter valued at $28,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in Honeywell International during the 4th quarter worth $28,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on HON shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. Mizuho reduced their price objective on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. DZ Bank decreased their price objective on shares of Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. BNP Paribas Exane raised their target price on shares of Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada lifted their target price on shares of Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus price target of $251.65.

Honeywell International Stock Performance

Honeywell International stock traded up $1.39 during midday trading on Friday, hitting $234.79. The company’s stock had a trading volume of 1,729,828 shares, compared to its average volume of 4,447,027. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The company has a market cap of $149.25 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 3.47 and a beta of 0.92. Honeywell International has a 1-year low of $169.21 and a 1-year high of $248.18. The company has a 50-day moving average price of $229.01 and a two-hundred day moving average price of $212.31.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The firm had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the prior year, the company posted $2.47 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Honeywell International will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s dividend payout ratio is presently 59.57%.

About Honeywell International

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.