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

Honeywell International Inc. (NASDAQ:HON) declared a quarterly dividend on Monday, April 28th, RTT News reports. Investors of record on Friday, May 16th will be paid a dividend of 1.13 per share by the conglomerate on Friday, June 6th. This represents a $4.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend 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 raised its dividend annually for the last 14 consecutive years. Honeywell International has a payout ratio of 39.7% 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 Trading Up 5.4 %

Shares of Honeywell International stock opened at $211.49 on Wednesday. The firm has a 50-day moving average of $205.04 and a 200-day moving average of $215.70. Honeywell International has a 52-week low of $179.36 and a 52-week high of $242.77. The stock has a market cap of $136.04 billion, a PE ratio of 24.28, a PEG ratio of 2.51 and a beta of 1.01. 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 posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period last year, the company posted $2.25 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Honeywell International will post 10.34 EPS for the current year.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Wells Fargo & Company reduced their price target on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Barclays cut their price objective on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, Citigroup dropped their price objective on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $242.15.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Honeywell International

An institutional investor recently raised its position in Honeywell International stock. Brighton Jones LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.1% during the 4th quarter, according to its most recent Form 13F filing 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 quarter. Brighton Jones LLC’s holdings in Honeywell International were worth $4,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.