Honeywell International Inc. (NASDAQ:HON) Short Interest Up 16.4% in October

Honeywell International Inc. (NASDAQ:HON) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 9,280,000 shares, an increase of 16.4% from the October 15th total of 7,970,000 shares. Based on an average daily volume of 3,340,000 shares, the short-interest ratio is presently 2.8 days. Approximately 1.4% of the shares of the stock are short sold.

Honeywell International Stock Down 0.7 %

Shares of NASDAQ:HON opened at $228.99 on Monday. Honeywell International has a 1 year low of $189.66 and a 1 year high of $242.77. The company has a market cap of $148.90 billion, a PE ratio of 26.44, a P/E/G ratio of 2.72 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock’s 50-day moving average is $211.39 and its 200 day moving average is $207.94.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 49.88%.

Analysts Set New Price Targets

HON has been the subject of a number of recent research reports. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Bank of America boosted their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Finally, Wells Fargo & Company boosted their target price on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $241.45.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America purchased a new position in shares of Honeywell International during the 3rd quarter worth approximately $25,000. LGT Group Foundation purchased a new position in shares of Honeywell International during the 1st quarter worth approximately $26,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International during the 3rd quarter worth approximately $29,000. Planning Capital Management Corp grew its holdings in shares of Honeywell International by 96.4% during the 3rd 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. Finally, Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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.