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

Honeywell International Inc. (NASDAQ:HON) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 11,623,011 shares, a drop of 39.9% from the June 15th total of 19,342,363 shares. Based on an average daily trading volume, of 4,092,252 shares, the days-to-cover ratio is currently 2.8 days. Currently, 3.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Honeywell International

Institutional investors have recently modified their holdings of the business. Brighton Jones LLC lifted its stake in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after acquiring an additional 1,582 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Honeywell International by 145.7% during the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock worth $937,000 after acquiring an additional 2,629 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in Honeywell International by 18.3% during the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after purchasing an additional 1,223 shares during the last quarter. Nebula Research & Development LLC grew its stake in Honeywell International by 3.1% in the second quarter. Nebula Research & Development LLC now owns 5,901 shares of the conglomerate’s stock valued at $1,374,000 after purchasing an additional 176 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its stake in shares of Honeywell International by 4.4% in the second quarter. Main Street Financial Solutions LLC now owns 4,488 shares of the conglomerate’s stock valued at $1,045,000 after buying an additional 188 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International News Summary

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Honeywell completed its acquisition of Johnson Matthey’s Catalyst Technologies business for £1.325 billion in cash, expanding its footprint in refining, petrochemicals, and renewable fuels and strengthening its energy/process technologies offering. Article: Honeywell Technologies Completes Acquisition of Johnson Matthey’s Catalyst Technologies Business
• Positive Sentiment: The company continues to get recognition for its workplace and sustainability efforts, including a Newsweek “Greatest Workplaces for Parents & Families” honor and a commercial solar project with PowerBank, which can support Honeywell’s brand and ESG profile. Article: Honeywell (HON) Lands Family Workplace Honor And PowerBank Solar Project
• Neutral Sentiment: Honeywell Aerospace announced it will report second-quarter results on August 5, keeping investors focused on upcoming earnings and management commentary for the broader business. Article: Honeywell Aerospace to release second quarter financial results and hold its investor conference call on Wednesday, August 5
• Neutral Sentiment: Honeywell recently traded above the prior close and near recent moving averages, suggesting the stock is holding up as the market digests the acquisition and other company-specific headlines.
• Negative Sentiment: Several previews ahead of the next earnings release warned that Honeywell’s Q2 profit could decline, which may limit upside if results or guidance disappoint. Article: Earnings Preview: Honeywell International Inc. (HON) Q2 Earnings Expected to Decline
• Negative Sentiment: Recent commentary also noted weakness in Process Automation from softer catalyst shipments and project delays, which could weigh on sentiment around some of Honeywell’s industrial segments. Article: Honeywell Losing Grip in Process Automation: What’s Impeding Its Growth?

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HON. Morgan Stanley decreased their target price on Honeywell International from $490.00 to $245.00 and set an “equal weight” rating for the company in a research report on Tuesday. Zacks Research downgraded Honeywell International from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Daiwa Securities Group upgraded Honeywell International from a “neutral” rating to an “outperform” rating and set a $255.00 price objective for the company in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Honeywell International from $250.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Finally, The Goldman Sachs Group upped their target price on Honeywell International from $258.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Thirteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell 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 $257.79.

Honeywell International Stock Performance

HON stock traded down $0.78 on Friday, reaching $225.55. 1,451,176 shares of the company were exchanged, compared to its average volume of 4,296,354. The firm has a market capitalization of $71.46 billion, a PE ratio of 15.95, a PEG ratio of 5.02 and a beta of 0.90. Honeywell International has a 12 month low of $196.59 and a 12 month high of $261.24. The stock’s fifty day moving average price is $224.07 and its 200 day moving average price is $225.23. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.39 and a quick ratio of 1.10.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.13. Honeywell International had a net margin of 11.37% and a return on equity of 42.29%. The firm had revenue of $9.14 billion during the quarter, compared to analyst estimates of $9.30 billion. During the same quarter in the prior year, the business posted $2.21 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Honeywell International has set its FY 2026 guidance at 10.350-10.650 EPS and its Q2 2026 guidance at 2.350-2.450 EPS. On average, research analysts anticipate that Honeywell International will post 8.2 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, May 15th. Honeywell International’s dividend payout ratio (DPR) is presently 67.42%.

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.