Manning & Napier Advisors LLC Sells 17,316 Shares of Honeywell International Inc. (NASDAQ:HON)

Manning & Napier Advisors LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 11.8% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent quarter.

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

Honeywell International Trading Up 0.8 %

Shares of NASDAQ HON traded up $1.77 during trading hours on Wednesday, hitting $222.47. 174,171 shares of the company traded hands, compared to its average volume of 3,560,150. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The stock has a market capitalization of $144.66 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06. 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’s 50 day moving average price is $226.17 and its 200 day moving average price is $214.98.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HON. Royal Bank of Canada restated a “sector perform” rating and issued a $253.00 price objective on shares of Honeywell International in a report on Tuesday, December 3rd. Citigroup lowered their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Barclays raised their price target on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Jefferies Financial Group lifted their target price on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company dropped their price target on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. 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 a consensus rating of “Hold” and a consensus price target of $248.29.

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.