First Business Financial Services Inc. Acquires New Shares in Honeywell International Inc. (NASDAQ:HON)

First Business Financial Services Inc. acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 957 shares of the conglomerate’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. raised its stake in shares of Honeywell International by 0.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 130,641 shares of the conglomerate’s stock valued at $29,510,000 after purchasing an additional 872 shares during the period. Arizona State Retirement System grew its position in Honeywell International by 0.7% during the fourth quarter. Arizona State Retirement System now owns 188,081 shares of the conglomerate’s stock worth $42,486,000 after buying an additional 1,380 shares in the last quarter. Proficio Capital Partners LLC grew its position in Honeywell International by 40.8% during the fourth quarter. Proficio Capital Partners LLC now owns 2,635 shares of the conglomerate’s stock worth $595,000 after buying an additional 764 shares in the last quarter. Symphony Financial Services Inc. grew its position in Honeywell International by 6.1% during the fourth quarter. Symphony Financial Services Inc. now owns 2,592 shares of the conglomerate’s stock worth $585,000 after buying an additional 150 shares in the last quarter. Finally, Atria Investments Inc grew its position in Honeywell International by 5.8% during the fourth quarter. Atria Investments Inc now owns 86,520 shares of the conglomerate’s stock worth $19,544,000 after buying an additional 4,724 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was 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 owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on HON. Jefferies Financial Group boosted their target price on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Morgan Stanley boosted their target price on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. UBS Group restated a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Bank of America upped their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Trading Up 0.8 %

Shares of HON stock opened at $209.62 on Thursday. The stock has a market capitalization of $136.24 billion, a PE ratio of 24.07, a P/E/G ratio of 2.51 and a beta of 1.05. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The business has a 50-day moving average of $217.47 and a 200 day moving average of $216.10. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s payout ratio is 51.89%.

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.