176,416 Shares in Honeywell International Inc. (NASDAQ:HON) Purchased by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 176,416 shares of the conglomerate’s stock, valued at approximately $37,672,000.

A number of other hedge funds have also bought and sold shares of HON. Price T Rowe Associates Inc. MD grew its holdings in shares of Honeywell International by 32.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock valued at $1,644,328,000 after purchasing an additional 1,899,373 shares during the last quarter. Natixis grew its holdings in shares of Honeywell International by 184.8% during the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after purchasing an additional 544,175 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Honeywell International by 20.4% during the fourth quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock valued at $668,959,000 after purchasing an additional 539,644 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Honeywell International by 27.5% during the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after purchasing an additional 375,158 shares during the last quarter. Finally, First Financial Bankshares Inc bought a new position in shares of Honeywell International during the fourth quarter valued at approximately $72,580,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON traded down $1.59 during trading on Friday, reaching $198.23. The stock had a trading volume of 1,868,446 shares, compared to its average volume of 2,922,609. The firm has a market capitalization of $129.08 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The stock has a 50 day moving average of $210.08 and a two-hundred day moving average of $202.59.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the prior year, the firm earned $2.23 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.14 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.18%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insider Activity

In other news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the sale, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Citigroup boosted their price objective on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Finally, Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $225.00.

Honeywell International Company 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.