Short Interest in Honeywell International Inc. (NASDAQ:HON) Declines By 37.4%

Honeywell International Inc. (NASDAQ:HON - Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 5,270,670 shares, a drop of 37.4% from the July 30th total of 8,418,114 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 3,253,434 shares, the days-to-cover ratio is currently 1.6 days.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Kenneth J. West sold 316 shares of Honeywell International stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $245.47, for a total value of $77,568.52. Following the transaction, the chief executive officer directly owned 2,004 shares of the company's stock, valued at $491,921.88. The trade was a 13.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.15% of the stock is owned by company insiders.

Hedge Funds Weigh In On Honeywell International

Institutional investors have recently modified their holdings of the stock. MADDEN SECURITIES Corp bought a new stake in Honeywell International in the 4th quarter valued at $1,418,000. Valley Wealth Managers Inc. boosted its position in Honeywell International by 33.9% during the fourth quarter. Valley Wealth Managers Inc. now owns 114,016 shares of the conglomerate's stock worth $22,243,000 after purchasing an additional 28,875 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Honeywell International by 3.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,683,119 shares of the conglomerate's stock worth $329,788,000 after purchasing an additional 57,441 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Honeywell International by 2,165.9% in the fourth quarter. International Assets Investment Management LLC now owns 154,741 shares of the conglomerate's stock valued at $30,188,000 after purchasing an additional 147,912 shares during the last quarter. Finally, AXQ Capital LP increased its holdings in shares of Honeywell International by 54.5% in the fourth quarter. AXQ Capital LP now owns 12,862 shares of the conglomerate's stock valued at $2,509,000 after purchasing an additional 4,536 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HON has been the subject of several research analyst reports. Weiss Ratings cut shares of Honeywell International from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 4th. Mizuho raised their price target on shares of Honeywell International from $240.00 to $265.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Honeywell International from $250.00 to $263.00 and gave the stock a "buy" rating in a report on Tuesday, June 30th. Wolfe Research raised Honeywell International to a "hold" rating in a report on Monday, June 29th. Finally, The Goldman Sachs Group raised their price objective on shares of Honeywell International from $258.00 to $276.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Thirteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $253.83.

Honeywell International Stock Performance

HON stock opened at $217.43 on Monday. The business has a fifty day moving average price of $230.53 and a 200 day moving average price of $229.11. Honeywell International has a fifty-two week low of $196.59 and a fifty-two week high of $261.24. The stock has a market capitalization of $68.91 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 4.87 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.21 and a quick ratio of 0.93.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The conglomerate reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.15. Honeywell International had a return on equity of 34.00% and a net margin of 23.90%.The company had revenue of $9.72 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the previous year, the firm earned $1.77 earnings per share. The business's revenue was up 3.4% on a year-over-year basis. Honeywell International has set its Q3 2026 guidance at 2.050-2.200 EPS and its Q4 2026 guidance at 2.280-2.430 EPS. Analysts expect that Honeywell International will post 8.25 EPS for the current fiscal year.

Honeywell International Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. Honeywell International's dividend payout ratio is currently 36.80%.

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.

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