Regency Capital Management Inc. DE Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Regency Capital Management Inc. DE raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 60.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 28,279 shares of the conglomerate’s stock after buying an additional 10,654 shares during the period. Honeywell International comprises about 3.2% of Regency Capital Management Inc. DE’s portfolio, making the stock its 14th largest holding. Regency Capital Management Inc. DE’s holdings in Honeywell International were worth $5,846,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Chemung Canal Trust Co. increased its stake in shares of Honeywell International by 129.5% in the 3rd quarter. Chemung Canal Trust Co. now owns 27,865 shares of the conglomerate’s stock valued at $5,760,000 after purchasing an additional 15,721 shares in the last quarter. Rockland Trust Co. increased its stake in shares of Honeywell International by 127.2% in the 3rd quarter. Rockland Trust Co. now owns 99,303 shares of the conglomerate’s stock valued at $20,527,000 after purchasing an additional 55,590 shares in the last quarter. Alpha Omega Wealth Management LLC increased its stake in shares of Honeywell International by 1.2% in the 3rd quarter. Alpha Omega Wealth Management LLC now owns 6,076 shares of the conglomerate’s stock valued at $1,256,000 after purchasing an additional 75 shares in the last quarter. Bright Rock Capital Management LLC increased its stake in shares of Honeywell International by 110.0% in the 3rd quarter. Bright Rock Capital Management LLC now owns 52,500 shares of the conglomerate’s stock valued at $10,852,000 after purchasing an additional 27,500 shares in the last quarter. Finally, Czech National Bank increased its stake in shares of Honeywell International by 6.9% in the 3rd quarter. Czech National Bank now owns 132,653 shares of the conglomerate’s stock valued at $27,421,000 after purchasing an additional 8,563 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HON shares. Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a research note on Thursday, September 26th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company lowered their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $223.13.

Honeywell International Price Performance

Shares of Honeywell International stock traded up $0.90 on Friday, hitting $203.78. 1,643,271 shares of the company were exchanged, compared to its average volume of 2,802,626. The stock has a market capitalization of $132.70 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a 50-day moving average price of $202.76 and a 200 day moving average price of $203.81. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

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

Honeywell International Increases Dividend

The firm 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 $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.22%. Honeywell International’s dividend payout ratio is currently 52.38%.

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.