Pacer Advisors Inc. Has $21.12 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Pacer Advisors Inc. grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 13.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,160 shares of the conglomerate’s stock after acquiring an additional 11,873 shares during the quarter. Pacer Advisors Inc.’s holdings in Honeywell International were worth $21,117,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HON. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the third quarter valued at approximately $29,000. Planning Capital Management Corp increased its stake in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares during the period. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the second quarter valued at approximately $38,000. Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International in the first quarter valued at approximately $39,000. Finally, Western Pacific Wealth Management LP acquired a new position in shares of Honeywell International in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Royal Bank of Canada upped their target price on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Finally, Bank of America increased their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $241.45.

Honeywell International Trading Up 1.3 %

NASDAQ HON opened at $229.11 on Friday. The firm has a market capitalization of $148.98 billion, a P/E ratio of 26.46, a PEG ratio of 2.71 and a beta of 1.03. The business has a fifty day simple moving average of $213.86 and a 200 day simple moving average of $208.90. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.19%.

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.