Regency Capital Management Inc. DE Purchases New Stake in Honeywell International Inc. (NASDAQ:HON)

Regency Capital Management Inc. DE acquired a new position in Honeywell International Inc. (NASDAQ:HON) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 17,625 shares of the conglomerate’s stock, valued at approximately $3,764,000. Honeywell International makes up 2.4% of Regency Capital Management Inc. DE’s portfolio, making the stock its 17th largest position.

Other institutional investors have also recently bought and sold shares of the company. Connectus Wealth LLC boosted its position in Honeywell International by 2.2% during the fourth quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after purchasing an additional 4,789 shares during the last quarter. Sanibel Captiva Trust Company Inc. acquired a new stake in shares of Honeywell International during the 4th quarter valued at about $27,230,000. EP Wealth Advisors LLC grew its stake in shares of Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after buying an additional 14,271 shares in the last quarter. Trilogy Capital Inc. increased its holdings in Honeywell International by 125.7% in the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after buying an additional 1,349 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Honeywell International during the first quarter valued at approximately $1,398,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research report on Thursday, September 26th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Wells Fargo & Company cut their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $223.13.

Honeywell International Stock Performance

NASDAQ HON opened at $206.71 on Tuesday. The company’s fifty day moving average is $203.17 and its two-hundred day moving average is $203.75. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The firm has a market capitalization of $134.61 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the previous year, the company posted $2.23 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 52.38%.

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.