Massachusetts Financial Services Co. MA Has $1.34 Billion Holdings in Honeywell International Inc. $HON

Key Points

• Massachusetts Financial Services Co. trimmed its stake in Honeywell by 4.8% in Q4, now holding 6,846,799 shares worth about $1.34 billion (≈1.08% of the company).
• Insider selling has been notable recently: a VP sold 10,549 shares at $229 and a director sold 2,367 shares at $240, with insiders offloading 18,190 shares (~$4.24M) over the past 90 days while owning just 0.20% of the stock.
• Wall Street has a consensus of "Moderate Buy" with an average target of $251.83; Honeywell recently beat Q4 revenue and EPS estimates and pays a $1.19 quarterly dividend (annualized yield ~2.0%).

Massachusetts Financial Services Co. MA cut its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,846,799 shares of the conglomerate's stock after selling 348,084 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.08% of Honeywell International worth $1,335,742,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bar Harbor Wealth Management grew its stake in Honeywell International by 6.3% in the 4th quarter. Bar Harbor Wealth Management now owns 16,892 shares of the conglomerate's stock valued at $3,295,000 after buying an additional 1,004 shares during the last quarter. Triad Wealth Partners LLC grew its position in Honeywell International by 11.8% in the 4th quarter. Triad Wealth Partners LLC now owns 3,410 shares of the conglomerate's stock worth $665,000 after purchasing an additional 360 shares during the last quarter. Bfsg LLC grew its position in Honeywell International by 3.6% in the 4th quarter. Bfsg LLC now owns 15,001 shares of the conglomerate's stock worth $2,927,000 after purchasing an additional 528 shares during the last quarter. Cardinal Capital Management Inc. grew its position in Honeywell International by 6.1% in the 4th quarter. Cardinal Capital Management Inc. now owns 138,726 shares of the conglomerate's stock worth $27,064,000 after purchasing an additional 7,929 shares during the last quarter. Finally, Douglas Lane & Associates LLC grew its position in Honeywell International by 56.1% in the 4th quarter. Douglas Lane & Associates LLC now owns 72,783 shares of the conglomerate's stock worth $14,199,000 after purchasing an additional 26,162 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the business's stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president directly owned 4,803 shares of the company's stock, valued at approximately $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the business's stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares of the company's stock, valued at approximately $7,459,440. This represents a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 18,190 shares of company stock valued at $4,244,287. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays decreased their price target on shares of Honeywell International from $275.00 to $255.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 1st. DZ Bank decreased their price target on shares of Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. BMO Capital Markets assumed coverage on shares of Honeywell International in a research report on Friday, March 27th. They set an "outperform" rating and a $273.00 target price on the stock. Daiwa Securities Group lifted their target price on shares of Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Finally, Wall Street Zen upgraded shares of Honeywell International to a "hold" rating in a research report on Saturday, January 3rd. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $251.83.

Honeywell International Trading Down 0.4%

Shares of HON stock opened at $235.11 on Friday. Honeywell International Inc. has a 12-month low of $180.75 and a 12-month high of $248.18. The company has a market capitalization of $149.45 billion, a P/E ratio of 29.42, a P/E/G ratio of 3.42 and a beta of 0.93. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average price of $235.02 and a 200 day moving average price of $214.23.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping analysts' consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the previous year, the firm posted $2.47 earnings per share. The company's revenue was up 6.4% on a year-over-year basis. Research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $1.19 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. Honeywell International's payout ratio is currently 59.57%.

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.

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