Empirical Financial Services LLC d.b.a. Empirical Wealth Management Grows Position in Honeywell International Inc. (NASDAQ:HON)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 30.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,038 shares of the conglomerate’s stock after purchasing an additional 1,169 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Honeywell International were worth $1,057,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HON. Cordant Inc. purchased a new position in Honeywell International in the 4th quarter worth approximately $31,000. Rakuten Securities Inc. acquired a new stake in Honeywell International during the 4th quarter valued at $31,000. Financial Connections Group Inc. purchased a new stake in Honeywell International during the 4th quarter worth $37,000. TFO Wealth Partners LLC lifted its holdings in Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after buying an additional 114 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in Honeywell International by 42.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after buying an additional 76 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were 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 of the company’s stock, valued at $10,709,231.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated 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 sale, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Berenberg Bank upgraded 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. Royal Bank of Canada decreased their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Barclays increased their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $215.71.

Honeywell International Stock Performance

Shares of HON stock traded up $1.01 during trading on Wednesday, reaching $197.86. The company had a trading volume of 497,866 shares, compared to its average volume of 2,986,120. The company has a market capitalization of $128.84 billion, a PE ratio of 22.84, a PEG 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. The firm’s 50 day simple moving average is $197.55 and its two-hundred day simple moving average is $196.94. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the business posted $2.07 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts forecast that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

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

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.