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

PNC Financial Services Group Inc. raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.3% in the second quarter, Holdings Channel.com reports. The fund owned 1,477,407 shares of the conglomerate’s stock after buying an additional 19,092 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Honeywell International were worth $344,059,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Amundi raised its stake in shares of Honeywell International by 30.2% in the 1st quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after acquiring an additional 120,706 shares during the period. Triton Financial Group Inc acquired a new position in shares of Honeywell International during the second quarter worth about $1,001,000. Baxter Bros Inc. boosted its position in shares of Honeywell International by 14.6% in the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock worth $8,321,000 after buying an additional 4,543 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Honeywell International by 11.4% in the first quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock valued at $6,035,000 after buying an additional 2,915 shares in the last quarter. Finally, WIM INVESTMENT MANAGEMENT Ltd raised its holdings in shares of Honeywell International by 40.5% during the 1st quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 28,800 shares of the conglomerate’s stock valued at $6,098,000 after buying an additional 8,300 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Barclays raised their target price on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Rothschild & Co Redburn cut their target price on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Jefferies Financial Group reduced their price objective on shares of Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $247.50.

Honeywell International Trading Up 2.2%

Honeywell International stock opened at $200.41 on Wednesday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm’s 50-day moving average is $207.82 and its 200-day moving average is $218.30. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The company has a market cap of $127.24 billion, a P/E ratio of 21.12, a PEG ratio of 2.73 and a beta of 1.07.

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

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $1.19 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. Honeywell International’s dividend payout ratio (DPR) is 50.16%.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by corporate insiders.

About Honeywell International

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.