Man Group plc Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

Man Group plc reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 52.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,953 shares of the conglomerate's stock after selling 109,128 shares during the quarter. Man Group plc's holdings in Honeywell International were worth $22,578,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mainstream Capital Management LLC purchased a new stake in Honeywell International during the 4th quarter valued at $25,000. Avalon Trust Co boosted its position in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Hoese & Co LLP acquired a new stake in Honeywell International in the 4th quarter valued at about $30,000. Accredited Wealth Management LLC purchased a new position in Honeywell International in the 4th quarter worth approximately $34,000. Finally, Curio Wealth LLC acquired a new position in Honeywell International during the 4th quarter worth $35,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

HON stock traded up $2.06 during midday trading on Monday, reaching $224.94. The company had a trading volume of 3,414,081 shares, compared to its average volume of 3,769,247. The firm has a 50-day moving average price of $206.11 and a 200-day moving average price of $215.83. The company has a market capitalization of $144.57 billion, a P/E ratio of 25.83, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.25 EPS. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. Honeywell International's dividend payout ratio is presently 51.95%.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday. Barclays decreased their price target on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. Wells Fargo & Company boosted their price target 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. Finally, Royal Bank of Canada lifted their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and a consensus target price of $245.23.

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.