Honeywell International Inc. (NASDAQ:HON) Sees Significant Drop in Short Interest

Honeywell International Inc. (NASDAQ:HON) was the recipient of a significant drop in short interest in the month of 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 presently 2.8 days. Currently, 3.7% of the shares of the company are short sold.

Analysts Set New Price Targets

HON has been the subject of several research reports. TD Cowen dropped their price objective on shares of Honeywell International from $240.00 to $230.00 and set a “buy” rating for the company in a report on Friday, April 24th. Rothschild & Co Redburn decreased their target price on Honeywell International from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. BMO Capital Markets restated an “outperform” rating on shares of Honeywell International in a report on Friday, June 5th. Mizuho upped their price objective on Honeywell International from $240.00 to $480.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Finally, Zacks Research downgraded Honeywell International from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Thirteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $257.79.

Honeywell International Trading Up 0.5%

Shares of HON stock traded up $1.15 during trading hours on Thursday, reaching $223.99. 727,591 shares of the stock were exchanged, compared to its average volume of 4,299,403. The company has a current ratio of 1.39, a quick ratio of 1.10 and a debt-to-equity ratio of 1.98. The company’s 50-day moving average price is $223.87 and its 200-day moving average price is $225.03. The firm has a market capitalization of $70.97 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90. Honeywell International has a 12-month low of $196.59 and a 12-month high of $261.24.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.13. The company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $9.30 billion. Honeywell International had a net margin of 11.37% and a return on equity of 42.29%. Honeywell International’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $2.21 earnings per share. 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. As a group, equities analysts anticipate that Honeywell International will post 8.23 earnings per share for the current year.

Honeywell International Announces Dividend

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

Hedge Funds Weigh In On Honeywell International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitlin John LLC grew its position in shares of Honeywell International by 138.9% in the 4th quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock worth $25,000 after buying an additional 75 shares during the last quarter. Holos Integrated Wealth LLC acquired a new stake in Honeywell International in the fourth quarter valued at approximately $25,000. Ares Financial Consulting LLC purchased a new position in Honeywell International in the fourth quarter worth $26,000. Hilton Head Capital Partners LLC purchased a new position in Honeywell International in the fourth quarter worth $28,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in shares of Honeywell International during the fourth quarter worth $28,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Company Profile

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.