Regency Capital Management Inc. DE Invests $3.76 Million in Honeywell International Inc. (NASDAQ:HON)

Regency Capital Management Inc. DE purchased a new stake in Honeywell International Inc. (NASDAQ:HON) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,625 shares of the conglomerate’s stock, valued at approximately $3,764,000. Honeywell International makes up about 2.4% of Regency Capital Management Inc. DE’s holdings, making the stock its 17th biggest position.

Other large investors have also recently bought and sold shares of the company. Cypress Wealth Services LLC increased its position in Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after buying an additional 47 shares during the period. Bard Financial Services Inc. increased its position in Honeywell International by 0.3% during the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after acquiring an additional 50 shares during the period. Quent Capital LLC boosted its holdings in Honeywell International by 3.0% in the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after purchasing an additional 51 shares during the period. Lansing Street Advisors grew its position in shares of Honeywell International by 5.0% during the 2nd quarter. Lansing Street Advisors now owns 1,077 shares of the conglomerate’s stock worth $230,000 after purchasing an additional 51 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its holdings in shares of Honeywell International by 3.9% during the second quarter. Sivia Capital Partners LLC now owns 1,430 shares of the conglomerate’s stock worth $305,000 after purchasing an additional 54 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a research report on Thursday, September 26th. Morgan Stanley started coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Citigroup upped their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $223.13.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $206.71 on Tuesday. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The stock’s 50 day moving average is $203.17 and its 200-day moving average is $203.75. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $134.61 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 2.32 and a beta of 1.03.

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

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.19%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is currently 52.38%.

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.