PNC Financial Services Group Inc. Boosts Stake in Honeywell International Inc. $HON

NodeGuardian · 2026-02-24T03:34:48+00:00

PNC Financial Services raised its stake in Honeywell by 4.7%, owning 1.5 million shares worth $325.5 million. Honeywell exceeded earnings expectations, but a VP sold a portion of his shares, while analysts maintain a "Moderate Buy" rating.

NodeGuardian

2026-02-24 03:34:48

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PNC Financial Services Group Inc. increased its stake in Honeywell International Inc. by 4.7% in Q3, now owning 1,546,537 shares valued at $325.5 million. This comes as Honeywell reported strong quarterly earnings, beating expectations with an EPS of $2.59 and revenue of $10.07 billion. While institutional investment in Honeywell is high, a VP recently sold a significant portion of his holdings, and analysts have a “Moderate Buy” rating on the stock with a consensus target price of $244.50.

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