Empirical Finance LLC Acquires 433 Shares of Honeywell International Inc. (NASDAQ:HON)

Empirical Finance LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,059 shares of the conglomerate’s stock after purchasing an additional 433 shares during the quarter. Empirical Finance LLC’s holdings in Honeywell International were worth $4,767,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HON. Quent Capital LLC boosted its stake in Honeywell International by 4.7% in the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock valued at $353,000 after purchasing an additional 77 shares during the period. Banco Santander S.A. grew its stake in shares of Honeywell International by 1.9% in the first quarter. Banco Santander S.A. now owns 7,002 shares of the conglomerate’s stock valued at $1,437,000 after acquiring an additional 131 shares in the last quarter. M&G Plc bought a new position in Honeywell International during the first quarter worth about $1,993,000. Jupiter Asset Management Ltd. acquired a new stake in Honeywell International in the 1st quarter worth about $1,398,000. Finally, Hoey Investments Inc. boosted its holdings in Honeywell International by 16.6% in the 1st quarter. Hoey Investments Inc. now owns 3,515 shares of the conglomerate’s stock valued at $721,000 after purchasing an additional 500 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $229.29 on Friday. The company’s 50 day moving average price is $210.22 and its two-hundred day moving average price is $207.34. The firm has a market capitalization of $149.10 billion, a P/E ratio of 26.64, a P/E/G ratio of 2.77 and a beta of 1.03. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is 49.88%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Royal Bank of Canada raised their price objective on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $241.45.

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.