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

Honeywell International Inc. (NASDAQ:HON) announced a quarterly dividend on Friday, July 26th, RTT News reports. Stockholders of record on Friday, August 16th will be given a dividend of 1.08 per share by the conglomerate on Friday, September 6th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, August 16th.

Honeywell International has raised its dividend payment by an average of 4.7% annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Honeywell International has a dividend payout ratio of 38.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Honeywell International to earn $11.27 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 38.3%.

Honeywell International Trading Up 0.1 %

HON opened at $202.74 on Friday. The company’s 50 day moving average is $209.95 and its 200-day moving average is $202.53. The company has a current ratio of 1.21, a quick ratio of 1.28 and a debt-to-equity ratio of 1.19. Honeywell International has a 1-year low of $174.88 and a 1-year high of $220.79. The company has a market cap of $132.02 billion, a P/E ratio of 23.49, a PEG ratio of 2.11 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same period last year, the company earned $2.23 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict that Honeywell International will post 10.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the sale, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the sale, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the sale, the director now owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HON shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Barclays raised their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada lowered their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday. Wells Fargo & Company lowered their price target on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $224.50.

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.