Honeywell International Inc. (NASDAQ:HON) Stock Holdings Lowered by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,945,868 shares of the conglomerate's stock after selling 2,248,921 shares during the quarter. Honeywell International comprises approximately 0.7% of Massachusetts Financial Services Co. MA's portfolio, making the stock its 26th largest position. Massachusetts Financial Services Co. MA owned about 1.53% of Honeywell International worth $2,246,672,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Valmark Advisers Inc. boosted its position in Honeywell International by 1.0% in the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock valued at $1,048,000 after buying an additional 45 shares during the period. ZWJ Investment Counsel Inc. raised its holdings in Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock valued at $327,000 after acquiring an additional 47 shares in the last quarter. Saxony Capital Management LLC raised its holdings in Honeywell International by 4.0% in the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock valued at $277,000 after acquiring an additional 47 shares in the last quarter. Magnus Financial Group LLC lifted its stake in Honeywell International by 0.5% in the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock worth $2,019,000 after acquiring an additional 48 shares during the last quarter. Finally, Bill Few Associates Inc. grew its holdings in Honeywell International by 0.3% during the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock worth $3,524,000 after acquiring an additional 49 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

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

Honeywell International Stock Performance

NASDAQ HON traded down $15.69 during trading on Friday, reaching $190.99. The company's stock had a trading volume of 8,445,242 shares, compared to its average volume of 3,536,397. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The firm has a market cap of $124.13 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 2.51 and a beta of 1.01. The business's fifty day moving average price is $211.63 and its 200-day moving average price is $217.10. 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 (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.37%. Honeywell International's dividend payout ratio is presently 51.89%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HON. Morgan Stanley lifted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Hsbc Global Res raised Honeywell International to a "strong-buy" rating in a report on Wednesday, December 11th. HSBC upgraded Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price objective on the stock in a report on Wednesday, December 11th. Wells Fargo & Company decreased their target price on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and increased their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Ten 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 company currently has an average rating of "Hold" and a consensus price target of $249.08.

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.