Honeywell International Inc. (NASDAQ:HON - Get Free Report) was the recipient of a significant growth in short interest during the month of 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 company's stock are sold short. Based on an average daily volume of 4,240,000 shares, the short-interest ratio is presently 2.1 days.
NASDAQ:HON traded down $0.71 during trading hours on Wednesday, hitting $225.89. 1,936,756 shares of the company traded hands, compared to its average volume of 3,191,750. 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 company has a market cap of $146.88 billion, a PE ratio of 26.08, a PEG ratio of 2.85 and a beta of 1.05. The firm's 50-day simple moving average is $224.20 and its 200-day simple moving average is $213.72. Honeywell International has a one year low of $189.66 and a one year high of $242.77.
Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Honeywell International by 0.3% in the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate's stock worth $6,413,570,000 after purchasing an additional 92,112 shares during the period. Wellington Management Group LLP raised its holdings in shares of Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock valued at $3,684,957,000 after acquiring an additional 1,376,479 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Honeywell International by 4.0% in the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock worth $2,959,535,000 after purchasing an additional 547,998 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Honeywell International by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate's stock valued at $1,786,449,000 after purchasing an additional 310,807 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Honeywell International by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate's stock worth $1,048,600,000 after buying an additional 42,305 shares during the last quarter. Institutional investors own 75.91% of the company's stock.
HON has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price objective on Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Wolfe Research cut Honeywell International from an "outperform" rating to a "peer perform" rating in a research report on Monday, October 28th. StockNews.com cut shares of Honeywell International from a "buy" rating to a "hold" rating in a research report on Monday, December 23rd. Morgan Stanley assumed coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an "equal weight" rating and a $210.00 target price on the stock. Finally, Robert W. Baird downgraded shares of Honeywell International from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $249.57.
Check Out Our Latest Analysis on 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.
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