Adage Capital Partners GP L.L.C. Sells 62,203 Shares of Honeywell International Inc. (NASDAQ:HON)

Adage Capital Partners GP L.L.C. decreased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 357,084 shares of the conglomerate's stock after selling 62,203 shares during the period. Adage Capital Partners GP L.L.C. owned 0.05% of Honeywell International worth $80,662,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Syon Capital LLC lifted its holdings in shares of Honeywell International by 9.0% during the fourth quarter. Syon Capital LLC now owns 7,338 shares of the conglomerate's stock valued at $1,658,000 after purchasing an additional 603 shares during the last quarter. Coppell Advisory Solutions LLC increased its position in shares of Honeywell International by 3.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 13,148 shares of the conglomerate's stock valued at $2,979,000 after purchasing an additional 486 shares during the last quarter. MGO One Seven LLC boosted its holdings in Honeywell International by 9.6% during the 4th quarter. MGO One Seven LLC now owns 8,753 shares of the conglomerate's stock valued at $1,977,000 after acquiring an additional 767 shares during the period. Alta Advisers Ltd increased its position in Honeywell International by 43.8% during the 4th quarter. Alta Advisers Ltd now owns 2,157 shares of the conglomerate's stock valued at $487,000 after purchasing an additional 657 shares during the period. Finally, Harvest Investment Services LLC purchased a new stake in Honeywell International during the 4th quarter worth approximately $241,000. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HON. Morgan Stanley boosted their target price on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their target price on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Barclays lowered their price target on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Finally, Citigroup lowered their price objective on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $242.15.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by insiders.

Honeywell International Trading Up 4.6 %

NASDAQ HON traded up $9.19 during trading hours on Tuesday, hitting $209.85. 3,802,785 shares of the company's stock were exchanged, compared to its average volume of 4,525,688. The business's 50 day moving average is $205.03 and its 200-day moving average is $215.73. The firm has a market capitalization of $134.99 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter last year, the company earned $2.25 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.15%. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.

About Honeywell International

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.