Honeywell International Inc. (NASDAQ:HON) Declares $1.13 Quarterly Dividend

Honeywell International Inc. (NASDAQ:HON) announced a quarterly dividend on Monday, April 28th, RTT News reports. Stockholders of record on Friday, May 16th will be given a dividend of 1.13 per share by the conglomerate on Friday, June 6th. This represents a $4.52 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Friday, May 16th.

Honeywell International has increased its dividend payment by an average of 5.1% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Honeywell International has a dividend payout ratio of 39.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Honeywell International to earn $11.33 per share next year, which means the company should continue to be able to cover its $4.52 annual dividend with an expected future payout ratio of 39.9%.

Honeywell International Stock Down 0.5%

NASDAQ HON opened at $218.22 on Wednesday. The stock has a fifty day moving average of $205.60 and a 200-day moving average of $215.44. The stock has a market capitalization of $140.25 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. Honeywell International has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same period in the previous year, the firm earned $2.25 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Honeywell International will post 10.34 EPS for the current year.

Institutional Investors Weigh In On Honeywell International

A hedge fund recently raised its stake in Honeywell International stock. Brighton Jones LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,047 shares of the conglomerate’s stock after purchasing an additional 1,582 shares during the period. Brighton Jones LLC’s holdings in Honeywell International were worth $4,302,000 at the end of the most recent quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HON. Royal Bank of Canada lifted their price objective on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th. Morgan Stanley boosted their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. cut their price target on Honeywell International from $205.00 to $178.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Barclays lowered their target price on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $242.23.

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.