Pacer Advisors Inc. Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Pacer Advisors Inc. cut its stake in Honeywell International Inc. (NASDAQ:HON) by 6.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,287 shares of the conglomerate’s stock after selling 6,382 shares during the period. Pacer Advisors Inc.’s holdings in Honeywell International were worth $19,280,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Gryphon Financial Partners LLC lifted its position in Honeywell International by 211.0% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock valued at $1,130,000 after buying an additional 3,653 shares during the period. Assetmark Inc. boosted its stake in Honeywell International by 5.1% during the fourth quarter. Assetmark Inc. now owns 11,093 shares of the conglomerate’s stock worth $2,326,000 after acquiring an additional 543 shares in the last quarter. Advisory Services Network LLC grew its holdings in Honeywell International by 9.6% in the fourth quarter. Advisory Services Network LLC now owns 19,954 shares of the conglomerate’s stock worth $4,184,000 after purchasing an additional 1,756 shares during the period. Godshalk Welsh Capital Management Inc. bought a new position in shares of Honeywell International during the fourth quarter valued at approximately $204,000. Finally, Hudson Value Partners LLC lifted its holdings in shares of Honeywell International by 14.4% during the fourth quarter. Hudson Value Partners LLC now owns 1,670 shares of the conglomerate’s stock valued at $350,000 after purchasing an additional 210 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Honeywell International stock opened at $203.35 on Monday. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The company has a market cap of $132.42 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 2.32 and a beta of 1.03. The firm’s fifty day moving average is $204.50 and its 200 day moving average is $203.48. 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 (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.23 EPS. Sell-side analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a dividend of $1.08 per share. The ex-dividend date was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio is 50.06%.

Analysts Set New Price Targets

Several analysts recently weighed in on HON shares. Wells Fargo & Company cut their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Royal Bank of Canada reduced their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Morgan Stanley initiated coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Finally, Citigroup lifted their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $223.13.

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.