Honeywell International Inc. (NASDAQ:HON) Announces $1.19 Quarterly Dividend

Honeywell International Inc. (NASDAQ:HON) announced a quarterly dividend on Friday, February 13th. Shareholders of record on Friday, February 27th will be given a dividend of 1.19 per share by the conglomerate on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th.

Honeywell International has raised its dividend by an average of 0.4%annually over the last three years and has increased its dividend every year for the last 14 years. Honeywell International has a dividend payout ratio of 41.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Honeywell International to earn $11.33 per share next year, which means the company should continue to be able to cover its $4.76 annual dividend with an expected future payout ratio of 42.0%.

Honeywell International Trading Down 0.8%

Shares of HON stock traded down $2.03 on Wednesday, hitting $241.58. The company had a trading volume of 392,752 shares, compared to its average volume of 4,515,059. Honeywell International has a twelve month low of $169.21 and a twelve month high of $246.00. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The firm has a market cap of $153.57 billion, a P/E ratio of 30.19, a P/E/G ratio of 3.52 and a beta of 0.94. The stock’s 50-day moving average is $218.49 and its two-hundred day moving average is $210.30.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the prior year, the business posted $2.47 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

HON has been the topic of several recent analyst reports. Sanford C. Bernstein set a $255.00 target price on shares of Honeywell International in a report on Friday, January 16th. Robert W. Baird raised their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Mizuho cut their price target on Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Finally, Jefferies Financial Group raised their price objective on shares of Honeywell International from $220.00 to $240.00 in a research report on Tuesday, February 3rd. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and a consensus target price of $247.50.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.