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

Honeywell International Inc. (NASDAQ:HON) announced a quarterly dividend on Monday, April 29th, RTT News reports. Investors 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 2.23%.

Honeywell International has increased its dividend by an average of 4.7% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Honeywell International has a dividend payout ratio of 39.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Honeywell International to earn $10.82 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 39.9%.

Honeywell International Trading Up 0.2 %

Shares of HON stock traded up $0.32 on Monday, reaching $193.77. The company had a trading volume of 2,593,461 shares, compared to its average volume of 3,013,756. Honeywell International has a 12 month low of $174.88 and a 12 month high of $210.87. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The stock has a market cap of $126.18 billion, a PE ratio of 22.45, a PEG ratio of 2.21 and a beta of 1.02. The company has a 50-day moving average of $198.18 and a 200-day moving average of $196.40.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $2.07 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts forecast that Honeywell International will post 9.96 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by insiders.

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.