Pacer Advisors Inc. Increases Holdings 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, HoldingsChannel reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HON. Reston Wealth Management LLC bought a new position in Honeywell International in the 3rd quarter worth about $29,000. Planning Capital Management Corp boosted its position in shares of 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 acquiring an additional 81 shares during the last quarter. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the 2nd quarter valued at about $38,000. Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International during the 1st quarter valued at about $39,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of Honeywell International during the 3rd quarter valued at about $41,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Bank of America boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Trading Up 1.3 %

NASDAQ HON opened at $229.11 on Friday. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The stock has a market cap of $148.98 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.71 and a beta of 1.03. The stock’s fifty day moving average price is $213.86 and its 200-day moving average price is $208.90. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.19%.

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.