Massachusetts Financial Services Co. MA Sells 1,256,253 Shares of Honeywell International Inc. (NASDAQ:HON)

Massachusetts Financial Services Co. MA lessened its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,689,615 shares of the conglomerate's stock after selling 1,256,253 shares during the period. Massachusetts Financial Services Co. MA owned about 1.35% of Honeywell International worth $1,840,026,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its position in shares of Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Honeywell International by 40.8% during the 4th quarter. Proficio Capital Partners LLC now owns 2,635 shares of the conglomerate's stock valued at $595,000 after purchasing an additional 764 shares in the last quarter. one8zero8 LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at about $511,000. Avalon Trust Co boosted its position in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Honeywell International by 1.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 71,235 shares of the conglomerate's stock valued at $16,091,000 after purchasing an additional 855 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Up 0.7%

Shares of Honeywell International stock traded up $1.56 on Wednesday, hitting $236.86. The company had a trading volume of 2,823,429 shares, compared to its average volume of 3,857,777. The stock has a market capitalization of $152.23 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 2.71 and a beta of 1.07. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The stock has a 50 day moving average of $226.82 and a 200-day moving average of $216.42. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.25 earnings per share. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's payout ratio is 51.95%.

Wall Street Analyst Weigh In

HON has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Barclays upped their target price on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace 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 thermal systems, as well as wireless connectivity services.