Manning & Napier Advisors LLC Has $29.34 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Manning & Napier Advisors LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,867 shares of the conglomerate’s stock after selling 17,316 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Honeywell International were worth $29,336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International in the third quarter valued at $25,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the third quarter worth about $29,000. Hoese & Co LLP acquired a new stake in Honeywell International in the 4th quarter valued at $30,000. Financial Avengers Inc. grew its position in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp lifted its position in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HON shares. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Wells Fargo & Company decreased their price target on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, Citigroup lowered their target price on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Honeywell International has an average rating of “Hold” and a consensus price target of $248.29.

Honeywell International Price Performance

Shares of HON stock traded up $1.77 during trading hours on Wednesday, hitting $222.47. 174,171 shares of the company’s stock were exchanged, compared to its average volume of 3,560,150. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $144.66 billion, a PE ratio of 25.68, a PEG ratio of 2.56 and a beta of 1.06. The business’s 50 day simple moving average is $226.17 and its 200-day simple moving average is $214.98. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77.

Honeywell International 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.