Honeywell International Inc. (NASDAQ:HON) to Issue $1.08 Quarterly Dividend

Honeywell International Inc. (NASDAQ:HONGet Free Report) announced a quarterly dividend on Monday, April 29th, RTT News reports. Stockholders of record on Friday, May 17th will be given a dividend of 1.08 per share by the conglomerate on Friday, June 7th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Thursday, May 16th.

Honeywell International has raised its dividend by an average of 4.7% per year over the last three years and has increased its dividend every year for the last 13 years. Honeywell International has a dividend payout ratio of 39.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Honeywell International to earn $10.81 per share next year, which means the company should continue to be able to cover its $4.32 annual dividend with an expected future payout ratio of 40.0%.

Honeywell International Stock Up 0.2 %

HON opened at $203.69 on Wednesday. Honeywell International has a 12 month low of $174.88 and a 12 month high of $210.87. The stock has a market cap of $132.64 billion, a P/E ratio of 23.55, a P/E/G ratio of 2.35 and a beta of 1.02. The stock’s 50 day moving average price is $197.78 and its 200 day moving average price is $197.57. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

Honeywell International (NASDAQ:HONGet Free Report) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same period in the previous year, the company earned $2.07 earnings per share. Honeywell International’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts predict that Honeywell International will post 9.94 earnings per share for the current year.

Insider Buying and Selling at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent research reports. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday. Barclays lifted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada decreased their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average target price of $215.71.

Read Our Latest Stock Report on Honeywell International

About Honeywell International

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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.

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Dividend History for Honeywell International (NASDAQ:HON)

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