Massachusetts Financial Services Co. MA Sells 473,303 Shares of Honeywell International Inc. $HON

Massachusetts Financial Services Co. MA lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,216,312 shares of the conglomerate’s stock after selling 473,303 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.29% of Honeywell International worth $1,913,415,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC bought a new position in Honeywell International in the 1st quarter valued at $1,150,929,000. Wellington Management Group LLP raised its stake in shares of Honeywell International by 8.9% in the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after acquiring an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock worth $561,634,000 after purchasing an additional 1,041,273 shares in the last quarter. Vista Cima Wealth Management LLC bought a new stake in shares of Honeywell International during the first quarter valued at approximately $164,000. Finally, Kingstone Capital Partners Texas LLC bought a new position in Honeywell International in the 2nd quarter worth approximately $140,816,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.4%

Honeywell International stock opened at $199.04 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04. The company has a fifty day simple moving average of $206.96 and a 200 day simple moving average of $218.05. The company has a market cap of $126.37 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $1.19 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.4%. Honeywell International’s dividend payout ratio is presently 50.16%.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on HON. Jefferies Financial Group lowered their price objective on Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Wells Fargo & Company decreased their price objective on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft reduced their target price on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Robert W. Baird decreased their price objective on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Finally, TD Cowen decreased their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $243.33.

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.