Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $2.64 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Empirical Financial Services LLC increased its stake in Honeywell International by 28.7%, bringing its total holdings to 12,456 shares valued at approximately $2.64 million.
• The company reported an earnings per share (EPS) of $2.75 for the last quarter, exceeding analyst expectations of $2.66, while revenue rose to $10.35 billion, up by 8.1% from the previous year.
• Honeywell recently announced a quarterly dividend of $1.13, resulting in an annualized yield of 2.0%, with a payout ratio of 51.42%.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 28.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,456 shares of the conglomerate's stock after purchasing an additional 2,774 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Honeywell International were worth $2,638,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in HON. Kirtland Hills Capital Management LLC grew its position in shares of Honeywell International by 1.1% in the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock valued at $870,000 after acquiring an additional 48 shares during the period. Sound View Wealth Advisors Group LLC lifted its stake in shares of Honeywell International by 0.6% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock worth $1,857,000 after buying an additional 48 shares during the last quarter. Gateway Wealth Partners LLC lifted its stake in shares of Honeywell International by 2.5% during the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock worth $433,000 after buying an additional 49 shares during the last quarter. Cetera Trust Company N.A lifted its stake in shares of Honeywell International by 0.5% during the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock worth $2,218,000 after buying an additional 50 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its stake in shares of Honeywell International by 12.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 466 shares of the conglomerate's stock worth $99,000 after buying an additional 50 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

HON stock traded up $0.07 during mid-day trading on Tuesday, hitting $220.86. The stock had a trading volume of 1,090,754 shares, compared to its average volume of 4,121,493. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm has a market capitalization of $140.23 billion, a P/E ratio of 25.11, a P/E/G ratio of 2.46 and a beta of 1.08. The firm has a fifty day simple moving average of $229.22 and a 200 day simple moving average of $217.01.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm's revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.49 EPS. As a group, research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.0%. Honeywell International's payout ratio is 51.42%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Wells Fargo & Company lowered their price target on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Morgan Stanley raised their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $254.00.

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.