Pacer Advisors Inc. Grows Position in Honeywell International Inc. $HON

Pacer Advisors Inc. raised its stake in Honeywell International Inc. (NASDAQ:HON) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,114 shares of the conglomerate’s stock after acquiring an additional 3,616 shares during the quarter. Pacer Advisors Inc.’s holdings in Honeywell International were worth $21,705,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Laurel Wealth Advisors LLC raised its stake in Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after purchasing an additional 3,700,786 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock worth $561,634,000 after buying an additional 1,041,273 shares in the last quarter. Vista Cima Wealth Management LLC acquired a new position in shares of Honeywell International in the first quarter valued at approximately $164,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Honeywell International in the second quarter valued at approximately $140,816,000. Finally, Bank of Nova Scotia lifted its stake in shares of Honeywell International by 171.8% during the second quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock valued at $187,713,000 after buying an additional 509,456 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $197.37 on Friday. The business’s fifty day moving average price is $197.71 and its 200 day moving average price is $212.32. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $228.04. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $125.31 billion, a P/E ratio of 20.80, a PEG ratio of 2.88 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on HON. Bank of America reaffirmed an “underperform” rating and issued a $205.00 target price (down from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. JPMorgan Chase & Co. lifted their price objective on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Argus reduced their target price on Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. Evercore ISI assumed coverage on Honeywell International in a research note on Monday, December 15th. They issued an “outperform” rating and a $255.00 price target on the stock. Finally, Barclays dropped their price objective on shares of Honeywell International from $269.00 to $250.00 and set an “overweight” rating for the company in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average price target of $235.58.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.