Honeywell International Inc. (NYSE:HON) announced a quarterly dividend on Friday, July 26th, RTT News reports. Stockholders of record on Friday, August 16th will be paid a dividend of 0.82 per share by the conglomerate on Friday, September 6th. This represents a $3.28 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, August 15th.

Honeywell International has raised its dividend by an average of 12.5% annually over the last three years and has increased its dividend every year for the last 8 years. Honeywell International has a payout ratio of 40.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Honeywell International to earn $8.87 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 37.0%.

Shares of NYSE:HON opened at $167.98 on Wednesday. Honeywell International has a 52 week low of $123.48 and a 52 week high of $178.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. The firm has a fifty day moving average price of $172.62. The firm has a market cap of $119.92 billion, a P/E ratio of 20.97, a PEG ratio of 2.22 and a beta of 1.09.

Honeywell International (NYSE:HON) last issued its earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The company had revenue of $9.24 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the previous year, the company earned $2.12 EPS. The firm’s revenue for the quarter was down 15.3% compared to the same quarter last year. On average, equities research analysts predict that Honeywell International will post 8.1 earnings per share for the current fiscal year.

HON has been the topic of several recent analyst reports. Credit Suisse Group boosted their target price on shares of Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 target price on the stock in a research note on Monday, July 22nd. Citigroup set a $197.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research note on Friday, July 19th. Deutsche Bank boosted their target price on shares of Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, ValuEngine cut Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $184.08.

In other Honeywell International news, CEO Vimal Kapur sold 5,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $169.58, for a total transaction of $847,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.73% of the company’s stock.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

Further Reading: Quiet Period

Dividend History for Honeywell International (NYSE:HON)

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