Honeywell Aerospace (NASDAQ:HONA) Shareholders to Collect $0.40 Quarterly Dividend

Honeywell Aerospace (NASDAQ:HONA) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Friday, November 13th will be given a dividend of $0.40 per share on Friday, December 4th. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 13th.

Honeywell Aerospace Stock Up 5.4%

NASDAQ:HONA opened at $177.03 on Thursday. Honeywell Aerospace has a twelve month low of $149.19 and a twelve month high of $297.50. The company has a 50-day simple moving average of $160.44. The firm has a market capitalization of $56.11 billion and a price-to-earnings ratio of 94.67.

Honeywell Aerospace (NASDAQ:HONA) last issued its earnings results on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.90 by $0.31. The business had revenue of $4.64 billion for the quarter. As a group, sell-side analysts anticipate that Honeywell Aerospace will post 7.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of Honeywell Aerospace in a research note on Wednesday, October 7th. They issued a “neutral” rating and a $190.00 price objective for the company. BNP Paribas Exane decreased their target price on shares of Honeywell Aerospace from $210.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 target price on the stock. Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a report on Wednesday, August 19th. Finally, Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research note on Monday, August 10th. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Honeywell Aerospace has a consensus rating of “Hold” and an average price target of $201.93.

About Honeywell Aerospace

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.