Honeywell International Inc
Score: Negative (7)
50 days at current score.
Downgraded from Neutral on February 20th 2018
- This company ranked negatively compared to the Industrials sector with 2 negative IHS Markit Categories
- Perception of the company's creditworthiness is negative
- ETFs holding this stock have seen outflows over the last one-month
- Bearish sentiment is low
Short interest | Positive
Short interest is extremely low for HON with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting HON.
ETF/Index ownership | Negative
ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding HON totaled $14.43 billion. Additionally, the rate of outflows appears to be accelerating.
PMI by IHS Markit | Neutral
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is very weak relative to the trend shown over the past year. In fact, it has been weak enough that the rate of expansion may accelerate in the coming months.
Credit default swap | Negative
The current level displays a negative indicator. HON credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.
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