Pacer Advisors Inc. Sells 8,859 Shares of Honeywell International Inc. (NASDAQ:HON)

Pacer Advisors Inc. decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,301 shares of the conglomerate’s stock after selling 8,859 shares during the period. Pacer Advisors Inc.’s holdings in Honeywell International were worth $21,076,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HON. Sunbelt Securities Inc. boosted its stake in shares of Honeywell International by 2.4% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,122 shares of the conglomerate’s stock worth $1,307,000 after buying an additional 144 shares during the last quarter. Quarry LP boosted its position in Honeywell International by 906.0% in the second quarter. Quarry LP now owns 674 shares of the conglomerate’s stock worth $144,000 after purchasing an additional 607 shares during the last quarter. Next Capital Management LLC grew its stake in shares of Honeywell International by 10.9% during the 2nd quarter. Next Capital Management LLC now owns 1,188 shares of the conglomerate’s stock valued at $254,000 after purchasing an additional 117 shares during the period. Regency Capital Management Inc. DE purchased a new stake in shares of Honeywell International during the 2nd quarter valued at about $3,764,000. Finally, 3Chopt Investment Partners LLC bought a new position in shares of Honeywell International in the 2nd quarter worth approximately $628,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Bank of America raised their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Barclays lifted their target price on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Citigroup cut their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Stock Down 2.2 %

Shares of HON opened at $220.70 on Wednesday. The business’s 50 day simple moving average is $226.32 and its 200-day simple moving average is $214.94. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a market capitalization of $143.51 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06.

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.