Honeywell International Inc. (NASDAQ:HON) Short Interest Update

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

Analysts Set New Price Targets

HON has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $262.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday, August 14th. Wolfe Research raised Honeywell International to a “hold” rating in a report on Monday, June 29th. The Goldman Sachs Group increased 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. Rothschild & Co Redburn lowered their price objective on shares of Honeywell International from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Finally, Barclays reduced their target price on shares of Honeywell International from $251.00 to $239.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 10th. Thirteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $254.04.

Honeywell International Trading Down 1.6%

Honeywell International stock traded down $3.27 during midday trading on Wednesday, hitting $206.71. 1,010,068 shares of the stock were exchanged, compared to its average volume of 4,081,298. The company has a fifty day simple moving average of $229.99 and a two-hundred day simple moving average of $228.66. Honeywell International has a 52 week low of $196.59 and a 52 week high of $261.24. The stock has a market capitalization of $65.51 billion, a PE ratio of 7.99, a P/E/G ratio of 4.78 and a beta of 0.88. The company has a quick ratio of 0.93, a current ratio of 1.21 and a debt-to-equity ratio of 1.39.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.15. The company had revenue of $9.72 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $1.77 earnings per share. 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. Equities research analysts anticipate that Honeywell International will post 8.25 EPS for the current fiscal year.

Honeywell International Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. Honeywell International’s payout ratio is 36.80%.

Insider Activity at Honeywell International

In other 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 transaction of $77,568.52. Following the sale, the chief executive officer owned 2,004 shares of the company’s stock, valued at approximately $491,921.88. This trade represents a 13.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

Institutional investors and hedge funds have recently modified their holdings of the business. CYBER HORNET ETFs LLC acquired a new stake in Honeywell International during the 2nd quarter worth approximately $220,000. California State Teachers Retirement System acquired a new position in shares of Honeywell International in the second quarter valued at approximately $28,209,206,000. Atlantic Private Wealth LLC acquired a new position in shares of Honeywell International in the second quarter valued at approximately $59,000. DMC Group LLC bought a new stake in shares of Honeywell International during the second quarter worth $375,000. Finally, Studio Investment Management LLC bought a new stake in shares of Honeywell International during the second quarter worth $2,578,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.