Busey Bank Sells 664 Shares of Honeywell International Inc. (NASDAQ:HON)

Busey Bank cut its position in Honeywell International Inc. (NASDAQ:HON) by 2.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,909 shares of the conglomerate’s stock after selling 664 shares during the quarter. Busey Bank’s holdings in Honeywell International were worth $5,627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dana Investment Advisors Inc. increased its position in Honeywell International by 3.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 12,969 shares of the conglomerate’s stock worth $2,769,000 after purchasing an additional 439 shares in the last quarter. Farmers National Bank increased its position in Honeywell International by 0.7% during the 2nd quarter. Farmers National Bank now owns 28,414 shares of the conglomerate’s stock worth $6,068,000 after purchasing an additional 205 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Honeywell International during the 2nd quarter worth approximately $34,283,000. Heritage Wealth Management Inc. acquired a new position in Honeywell International during the 2nd quarter worth approximately $982,000. Finally, Summit Wealth Partners LLC increased its position in Honeywell International by 7.0% during the 2nd quarter. Summit Wealth Partners LLC now owns 1,533 shares of the conglomerate’s stock worth $327,000 after purchasing an additional 100 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HON shares. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Citigroup decreased their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research report on Wednesday, December 11th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $248.29.

Honeywell International Stock Up 0.2 %

Shares of NASDAQ HON opened at $221.05 on Thursday. The firm has a market cap of $143.74 billion, a PE ratio of 25.53, a P/E/G ratio of 2.56 and a beta of 1.06. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The company’s fifty day simple moving average is $226.17 and its 200 day simple moving average is $214.98. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

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.