HON - Honeywell International Inc.

Market Overview Honeywell International closed at $219.97 on April 22, down 1.01% on the day and 5.26% for the week. Year-to-date the stock is up 13.91%. The industrial conglomerate has a market cap of $140.8 billion.

ORTEX Stock Scores (as of April 23, 2026)

• Total Score: 72.39/100 (solid overall rating)
• Quality: 70.04/100 (strong financial quality)
• Growth: 67.77/100 (good growth characteristics)
• Momentum: 56.06/100 (moderate momentum)
• Value: 43.86/100 (fairly valued, not a deep value play)

Short Interest Data (as of April 21, 2026)

• SI % of Float: 1.82%
• Short shares: 10.96M shares
• Change (1 day): +1.47%
• Change (1 week): +0.80%
• Change (1 month): +34.44%
• Days to Cover: 0.95 days
• Cost to Borrow: 0.46% APR (up 74.7% in 1 week)
• Utilization: 0.68%
• Short Score: 31.62/100 (low short interest environment)

Short interest remains very low at just 1.82% of float, though it has increased notably over the past month (up 34%). The cost to borrow has spiked recently, rising nearly 75% in the past week, though it remains quite low in absolute terms at 0.46% APR. Days to cover is under 1 day, indicating shorts could easily cover if needed.

Options Sentiment

• Put/Call Ratio (PCR): 0.5842 (April 21)
• PCR Z-Score: +2.47 (elevated put buying, 2.47 standard deviations above 20-day mean)
• 20-day PCR Mean: 0.44

The elevated PCR indicates increased hedging activity or bearish positioning, with put volume running well above recent norms.

Fundamentals (Annual)

• Revenue: $39.5B
• EBITDA: $10.0B
• Net Income: $6.1B
• EPS: $10.52
• EV/EBITDA: 17.04x
• EV/Revenue: 4.33x
• Net Debt: $21.5B
• Operating Cash Flow: $6.4B

Analyst Coverage

• Upside to Target: 13.39%
• Next Event: Q1 2026 Earnings Call (today, April 23 at 12:30 PM UTC)

Technical Indicators

• RSI (14): 39.55 (approaching oversold territory)
• Dividend Yield: 2.21%

Summary Honeywell shows solid fundamentals with strong quality and growth scores. Short interest is minimal at under 2% of float, though recent increases and a spike in borrowing costs suggest some near-term caution. The elevated put/call ratio and oversold RSI indicate potential near-term pressure, but the company's strong balance sheet and 13% upside to analyst targets provide support. Pay attention to today's Q1 earnings call for guidance updates.

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This is not financial advice. Always do your own research before making investment decisions.