First Business Financial Services Inc. Makes New $216,000 Investment in Honeywell International Inc. (NASDAQ:HON)

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

Other hedge funds have also added to or reduced their stakes in the company. ING Groep NV grew its stake in Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock valued at $395,866,000 after acquiring an additional 1,574,376 shares during the period. Wellington Management Group LLP grew its stake in Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after acquiring an additional 1,376,479 shares during the period. Cibc World Market Inc. grew its stake in Honeywell International by 320.5% in the fourth quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock valued at $193,890,000 after acquiring an additional 654,207 shares during the period. Bank of New York Mellon Corp grew its stake in Honeywell International by 10.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock valued at $1,527,867,000 after acquiring an additional 631,761 shares during the period. Finally, Proficio Capital Partners LLC grew its stake in Honeywell International by 31,710.2% in the fourth quarter. Proficio Capital Partners LLC now owns 595,168 shares of the conglomerate’s stock valued at $134,442,000 after acquiring an additional 593,297 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Up 0.8 %

HON stock opened at $209.62 on Thursday. The stock’s fifty day simple moving average is $217.47 and its two-hundred day simple moving average is $216.10. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The stock has a market cap of $136.24 billion, a P/E ratio of 24.07, a P/E/G ratio of 2.51 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping 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%. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.16%. Honeywell International’s payout ratio is presently 51.89%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HON. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Morgan Stanley raised their price objective on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. UBS Group reaffirmed a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Royal Bank of Canada cut their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $248.71.

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.