The Manufacturers Life Insurance Company Has $138 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

The Manufacturers Life Insurance Company reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 20.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 610,920 shares of the conglomerate's stock after selling 159,308 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.09% of Honeywell International worth $138,001,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Baldwin Wealth Partners LLC MA boosted its holdings in Honeywell International by 4.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock worth $15,203,000 after buying an additional 2,611 shares in the last quarter. World Investment Advisors grew its holdings in shares of Honeywell International by 137.7% in the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after acquiring an additional 12,969 shares during the last quarter. Coordinated Financial Services Inc. acquired a new stake in shares of Honeywell International during the fourth quarter worth $361,000. Costello Asset Management INC purchased a new stake in shares of Honeywell International during the fourth quarter valued at $3,092,000. Finally, Schroder Investment Management Group boosted its position in shares of Honeywell International by 12.7% in the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after purchasing an additional 10,092 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Up 1.6 %

Honeywell International stock traded up $3.39 during mid-day trading on Friday, hitting $214.13. 4,378,467 shares of the company's stock were exchanged, compared to its average volume of 3,701,803. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The stock has a 50 day moving average of $205.02 and a two-hundred day moving average of $215.61. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock has a market cap of $137.74 billion, a P/E ratio of 24.58, a P/E/G ratio of 2.51 and a beta of 1.01.

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

Honeywell International Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 2.11%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Analyst Upgrades and Downgrades

HON has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Barclays cut their target price 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. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and raised their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Royal Bank of Canada upped 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. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $241.46.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company's stock.

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.