Honeywell International Inc. (NYSE:HON) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 6,510,000 shares, a growth of 12.2% from the December 15th total of 5,800,000 shares. Based on an average daily volume of 2,550,000 shares, the short-interest ratio is currently 2.6 days. Currently, 0.9% of the company’s shares are sold short.
HON stock traded up $1.08 during midday trading on Thursday, hitting $181.81. 507,579 shares of the company’s stock were exchanged, compared to its average volume of 2,111,366. The stock’s fifty day moving average price is $177.14 and its 200-day moving average price is $171.91. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.32. The company has a market cap of $129.50 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.23 and a beta of 1.09. Honeywell International has a one year low of $137.19 and a one year high of $183.12.
Honeywell International (NYSE:HON) last posted its earnings results on Thursday, October 17th. The conglomerate reported $2.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.07. The firm had revenue of $9.09 billion for the quarter, compared to analyst estimates of $9.12 billion. Honeywell International had a return on equity of 32.01% and a net margin of 17.06%. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.03 earnings per share. On average, analysts expect that Honeywell International will post 8.14 EPS for the current year.
Several research analysts have recently issued reports on the company. Bank of America raised their price target on Honeywell International from $185.00 to $203.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. UBS Group assumed coverage on Honeywell International in a research report on Thursday, December 12th. They issued a “neutral” rating and a $192.00 price target on the stock. Deutsche Bank raised their price target on Honeywell International from $189.00 to $199.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Morgan Stanley reduced their target price on Honeywell International from $190.00 to $186.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, William Blair reiterated a “hold” rating on shares of Honeywell International in a report on Monday, November 25th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $191.42.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
Further Reading: Balanced Fund
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