PNC Financial Services Group Inc. Sells 24,995 Shares of Honeywell International Inc. (NASDAQ:HON)

PNC Financial Services Group Inc. cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,546,851 shares of the conglomerate’s stock after selling 24,995 shares during the period. PNC Financial Services Group Inc. owned 0.24% of Honeywell International worth $349,418,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new position in Honeywell International in the fourth quarter worth approximately $25,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International during the 3rd quarter valued at $25,000. Hoese & Co LLP bought a new stake in shares of Honeywell International during the 4th quarter valued at $30,000. Financial Avengers Inc. raised its position in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp raised its position in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is owned by corporate insiders.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $214.52 on Friday. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The stock has a market capitalization of $139.42 billion, a P/E ratio of 24.63, a PEG ratio of 2.51 and a beta of 1.08. The firm has a fifty day simple moving average of $216.76 and a two-hundred day simple moving average of $216.17. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.11%. Honeywell International’s dividend payout ratio is presently 51.89%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America raised their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. UBS Group restated a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Barclays decreased their price objective on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, Jefferies Financial Group raised their target price on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $249.38.

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.