Manning & Napier Advisors LLC lowered its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,867 shares of the conglomerate's stock after selling 17,316 shares during the period. Manning & Napier Advisors LLC's holdings in Honeywell International were worth $29,336,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. VanderPol Investments L.L.C. acquired a new position in Honeywell International in the 4th quarter valued at $206,000. Invesco LLC lifted its position in shares of Honeywell International by 17.1% during the 4th quarter. Invesco LLC now owns 3,746 shares of the conglomerate's stock worth $846,000 after purchasing an additional 546 shares during the last quarter. Orrstown Financial Services Inc. boosted its stake in Honeywell International by 22.6% during the 4th quarter. Orrstown Financial Services Inc. now owns 3,831 shares of the conglomerate's stock valued at $865,000 after purchasing an additional 705 shares during the period. Field & Main Bank grew its holdings in Honeywell International by 1.0% in the 4th quarter. Field & Main Bank now owns 15,230 shares of the conglomerate's stock valued at $3,440,000 after buying an additional 150 shares during the last quarter. Finally, Allen Capital Group LLC increased its position in Honeywell International by 9.9% in the 4th quarter. Allen Capital Group LLC now owns 1,472 shares of the conglomerate's stock worth $333,000 after buying an additional 132 shares during the period. Institutional investors own 75.91% of the company's stock.
Honeywell International Price Performance
HON traded up $3.01 during trading on Thursday, hitting $224.06. The company's stock had a trading volume of 1,729,037 shares, compared to its average volume of 3,560,717. The firm's 50 day moving average price is $226.05 and its two-hundred day moving average price is $215.02. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $145.70 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Robert W. Baird downgraded shares of Honeywell International from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Jefferies Financial Group boosted their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. Wells Fargo & Company reduced their target price on shares of Honeywell International from $254.00 to $240.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $253.00 price objective on shares of Honeywell International in a research report on Tuesday, December 3rd. Finally, Baird R W cut shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $248.29.
Check Out Our Latest Stock Report on Honeywell International
Honeywell International Company Profile
(
Free Report)
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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