Honeywell International Inc. (NASDAQ:HON) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,849 shares of the conglomerate’s stock after selling 515 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Honeywell International were worth $22,087,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. LGT Group Foundation acquired a new stake in Honeywell International in the first quarter valued at $26,000. Scarborough Advisors LLC acquired a new stake in Honeywell International in the fourth quarter valued at $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International in the first quarter valued at $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the second quarter valued at $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Honeywell International in the first quarter valued at $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. Wells Fargo & Company lowered their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Honeywell International has an average rating of “Hold” and an average price target of $223.13.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $203.88 on Thursday. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $132.76 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 2.32 and a beta of 1.03. The firm has a 50-day moving average of $202.75 and a two-hundred day moving average of $203.81.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the firm earned $2.23 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.22%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.38%.

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.