Manning & Napier Advisors LLC Sells 27,694 Shares of Honeywell International Inc. (NASDAQ:HON)

Manning & Napier Advisors LLC lowered its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 21.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 102,173 shares of the conglomerate's stock after selling 27,694 shares during the period. Manning & Napier Advisors LLC's holdings in Honeywell International were worth $21,635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Guyasuta Investment Advisors Inc. raised its stake in shares of Honeywell International by 10.5% in the first quarter. Guyasuta Investment Advisors Inc. now owns 10,720 shares of the conglomerate's stock worth $2,270,000 after purchasing an additional 1,020 shares during the last quarter. North Point Portfolio Managers Corp OH purchased a new stake in shares of Honeywell International in the first quarter worth approximately $253,000. Childress Capital Advisors LLC raised its stake in shares of Honeywell International by 7.2% in the first quarter. Childress Capital Advisors LLC now owns 2,281 shares of the conglomerate's stock worth $483,000 after purchasing an additional 154 shares during the last quarter. Running Oak Capital LLC raised its stake in shares of Honeywell International by 13.9% in the first quarter. Running Oak Capital LLC now owns 71,273 shares of the conglomerate's stock worth $15,092,000 after purchasing an additional 8,719 shares during the last quarter. Finally, Intact Investment Management Inc. raised its stake in shares of Honeywell International by 115.1% in the first quarter. Intact Investment Management Inc. now owns 31,400 shares of the conglomerate's stock worth $6,649,000 after purchasing an additional 16,800 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $221.80 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The business has a fifty day simple moving average of $216.12 and a two-hundred day simple moving average of $215.77. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a market capitalization of $142.55 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.59 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period last year, the business posted $2.25 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Wall Street Analysts Forecast Growth

HON has been the subject of several analyst reports. Barclays increased their price objective on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday. Mizuho increased their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Wells Fargo & Company increased their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada increased their price target on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th. Finally, Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $249.21.

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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