Honeywell International Inc. $HON Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,546,537 shares of the conglomerate’s stock after acquiring an additional 69,130 shares during the period. PNC Financial Services Group Inc.’s holdings in Honeywell International were worth $325,546,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HON. Brighton Jones LLC increased its holdings in shares of Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after acquiring an additional 1,582 shares during the last quarter. Acadian Asset Management LLC lifted its position in Honeywell International by 145.7% in the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock worth $937,000 after purchasing an additional 2,629 shares during the period. Angeles Wealth Management LLC increased its stake in Honeywell International by 8.7% in the second quarter. Angeles Wealth Management LLC now owns 2,548 shares of the conglomerate’s stock valued at $593,000 after acquiring an additional 205 shares during the period. Stratos Wealth Advisors LLC raised its position in Honeywell International by 3.9% in the second quarter. Stratos Wealth Advisors LLC now owns 5,256 shares of the conglomerate’s stock worth $1,224,000 after purchasing an additional 198 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in Honeywell International by 1.4% during the second quarter. Stratos Wealth Partners LTD. now owns 33,300 shares of the conglomerate’s stock worth $7,755,000 after purchasing an additional 444 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the sale, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. This represents a 68.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

Honeywell International Trading Up 0.6%

NASDAQ HON opened at $241.38 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.32. The stock’s 50 day moving average price is $211.71 and its two-hundred day moving average price is $209.24. The stock has a market capitalization of $153.25 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 3.50 and a beta of 0.94. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $245.63.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.47 earnings per share. As a group, analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HON. Daiwa Securities Group increased their target price on Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Rothschild & Co Redburn lifted their price objective on Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Honeywell International from $259.00 to $273.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a report on Monday, January 5th. Finally, DZ Bank lowered their target price on Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $244.50.

About Honeywell International

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.