Short Interest in Honeywell International Inc. (NASDAQ:HON) Rises By 5.1%

Honeywell International Inc. (NASDAQ:HON) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 8,810,000 shares, a growth of 5.1% from the November 30th total of 8,380,000 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 4,240,000 shares, the short-interest ratio is currently 2.1 days.

Honeywell International Stock Down 0.3 %

Shares of HON opened at $225.89 on Thursday. Honeywell International has a 52-week low of $189.66 and a 52-week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock has a fifty day simple moving average of $224.31 and a two-hundred day simple moving average of $213.81. The company has a market capitalization of $146.88 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors have recently bought and sold shares of the company. RIA Advisory Group LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at approximately $6,124,000. Copley Financial Group Inc. purchased a new stake in Honeywell International in the third quarter valued at $454,000. EP Wealth Advisors LLC lifted its stake in shares of Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after purchasing an additional 14,271 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Honeywell International by 2.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after purchasing an additional 12,755 shares during the last quarter. Finally, SteelPeak Wealth LLC raised its holdings in Honeywell International by 255.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after buying an additional 52,830 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Jefferies Financial Group increased their target price on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Citigroup increased their price objective on shares of Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Hold” and an average target price of $249.57.

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.