Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys 1,169 Shares of Honeywell International Inc. (NASDAQ:HON)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 30.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,038 shares of the conglomerate’s stock after purchasing an additional 1,169 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Honeywell International were worth $1,057,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HON. Rakuten Securities Inc. purchased a new position in Honeywell International in the 4th quarter worth approximately $31,000. Cordant Inc. bought a new stake in shares of Honeywell International during the 4th quarter worth $31,000. Financial Connections Group Inc. bought a new position in Honeywell International in the fourth quarter valued at $37,000. TFO Wealth Partners LLC raised its position in Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after purchasing an additional 114 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in Honeywell International during the fourth quarter worth about $48,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Up 0.5 %

HON traded up $1.01 during trading on Wednesday, hitting $197.86. 497,866 shares of the stock traded hands, compared to its average volume of 2,986,120. The firm has a 50-day moving average of $197.55 and a 200 day moving average of $196.94. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87. The firm has a market capitalization of $128.84 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the previous year, the business earned $2.07 EPS. Honeywell International’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $1.08 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.18%. Honeywell International’s dividend payout ratio is 50.06%.

Analysts Set New Price Targets

HON has been the topic of several recent research reports. Barclays increased their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada cut their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $215.71.

Insider Activity

In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Honeywell International 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.