Honeywell International Inc. (NASDAQ:HON) Plans Dividend Increase – $1.13 Per Share

Honeywell International Inc. (NASDAQ:HON) declared a quarterly dividend on Friday, September 27th, Zacks reports. Stockholders of record on Friday, November 15th will be given a dividend of 1.13 per share by the conglomerate on Friday, December 6th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08.

Honeywell International has increased its dividend payment by an average of 4.7% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Honeywell International has a payout ratio of 40.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Honeywell International to earn $11.17 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 40.5%.

Honeywell International Trading Up 0.3 %

Honeywell International stock traded up $0.60 during trading on Friday, reaching $207.63. The company had a trading volume of 2,454,314 shares, compared to its average volume of 2,821,641. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International has a 12-month low of $174.88 and a 12-month high of $220.79. The stock’s 50 day moving average price is $203.38 and its two-hundred day moving average price is $203.62. The firm has a market capitalization of $135.21 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.23 earnings per share. As a group, equities analysts expect that Honeywell International will post 10.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Citigroup upped their price target on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a report on Thursday. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Hold” and a consensus price target of $223.13.

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.