Massachusetts Financial Services Co. MA Has $3.15 Billion Stake in Honeywell International Inc. (NASDAQ:HON)

Massachusetts Financial Services Co. MA trimmed its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,035,829 shares of the conglomerate's stock after selling 286,682 shares during the quarter. Honeywell International accounts for 1.0% of Massachusetts Financial Services Co. MA's portfolio, making the stock its 17th largest position. Massachusetts Financial Services Co. MA owned about 2.28% of Honeywell International worth $3,153,164,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ameriprise Financial Inc. raised its stake in Honeywell International by 5.2% during the third quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate's stock worth $1,292,307,000 after acquiring an additional 347,808 shares in the last quarter. Northern Trust Corp raised its stake in Honeywell International by 4.3% during the third quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate's stock worth $1,188,533,000 after acquiring an additional 263,640 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Honeywell International by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate's stock valued at $759,474,000 after buying an additional 66,213 shares in the last quarter. Barclays PLC raised its holdings in shares of Honeywell International by 57.3% in the third quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate's stock valued at $589,462,000 after buying an additional 1,162,518 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Honeywell International by 12.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,473,627 shares of the conglomerate's stock valued at $518,740,000 after buying an additional 269,739 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Up 1.1 %

Shares of Honeywell International stock traded up $2.29 during trading on Friday, hitting $202.92. 2,318,408 shares of the company were exchanged, compared to its average volume of 2,916,214. The firm has a market capitalization of $132.14 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 2.34 and a beta of 1.02. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The firm's fifty day moving average price is $197.69 and its 200 day moving average price is $197.24. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same period in the previous year, the firm earned $2.07 EPS. Honeywell International's quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $1.08 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.13%. Honeywell International's dividend payout ratio is presently 50.06%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the business's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the sale, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Company insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HON. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. StockNews.com raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday. Berenberg Bank raised Honeywell International from a "hold" rating to a "buy" rating and lifted their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Barclays boosted their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada dropped their price objective on Honeywell International from $210.00 to $209.00 and set a "sector perform" rating for the company in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $215.71.

Honeywell International Company 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.

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