Honeywell International Inc. (HON) to Issue Quarterly Dividend of $1.19 on March 13th

Honeywell International Inc. (NASDAQ:HON) announced a quarterly dividend on Friday, February 13th. Shareholders of record on Friday, February 27th will be paid 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%per year over the last three years and has increased its dividend every year for the last 14 years. Honeywell International has a payout ratio of 41.9% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

HON stock traded down $1.19 during trading on Wednesday, reaching $242.42. 1,095,641 shares of the company were exchanged, compared to its average volume of 4,535,767. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. Honeywell International has a twelve month low of $169.21 and a twelve month high of $246.00. The company has a market capitalization of $154.10 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 3.52 and a beta of 0.94. The company has a 50-day moving average of $218.49 and a two-hundred day moving average of $210.30.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the previous year, the business earned $2.47 earnings per share. Honeywell International’s revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts predict that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HON has been the topic of a number of research reports. Jefferies Financial Group lifted their price target on shares of Honeywell International from $220.00 to $240.00 in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. JPMorgan Chase & Co. upped their target price on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Daiwa Securities Group lifted their price target on shares of Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Finally, Morgan Stanley reduced their target price on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target 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.