Honeywell International Inc. (NASDAQ:HON) Shareholders to Collect $0.70 Quarterly Dividend

Honeywell International Inc. (NASDAQ:HON) declared a quarterly dividend on Friday, September 25th. Investors of record on Friday, November 13th will be paid a dividend of $0.70 per share by the conglomerate on Friday, December 4th. This represents a $2.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 13th.

Honeywell International has increased its dividend by an average of 0.4% per year over the last three years and has raised its dividend every year for the last 14 years. Honeywell International has a payout ratio of 62.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Honeywell International to earn $9.92 per share next year, which means the company should continue to be able to cover its $7.14 annual dividend with an expected future payout ratio of 72.0%.

Honeywell International Stock Performance

NASDAQ:HON opened at $228.22 on Wednesday. The stock’s 50 day simple moving average is $212.66 and its two-hundred day simple moving average is $224.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.82. Honeywell International has a 1 year low of $196.59 and a 1 year high of $261.24. The company has a market cap of $72.43 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 1.71 and a beta of 0.86.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, October 22nd. The conglomerate reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.10. The company had revenue of $4.99 billion during the quarter, compared to the consensus estimate of $5.01 billion. Honeywell International had a net margin of 24.36% and a return on equity of 25.62%. Honeywell International’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $2.82 earnings per share. As a group, equities analysts anticipate that Honeywell International will post 8.44 earnings per share for the current fiscal year.

Insider Activity

In other Honeywell International news, CEO Vimal Kapur sold 6,459 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $220.99, for a total transaction of $1,427,374.41. Following the sale, the chief executive officer owned 4,437 shares in the company, valued at approximately $980,532.63. This represents a 59.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Su Lu sold 2,943 shares of the stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $221.18, for a total value of $650,932.74. Following the completion of the transaction, the vice president directly owned 6,631 shares of the company’s stock, valued at $1,466,644.58. This represents a 30.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC bought a new position in Honeywell International during the second quarter valued at about $220,000. Atlantic Private Wealth LLC bought a new position in Honeywell International in the 2nd quarter worth $59,000. DMC Group LLC bought a new stake in Honeywell International during the second quarter valued at about $375,000. Studio Investment Management LLC bought a new stake in Honeywell International during the second quarter valued at about $2,578,000. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Honeywell International in the second quarter valued at about $118,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

About Honeywell International

Honeywell International is a technology and manufacturing company whose products and services support aerospace, buildings, industrial operations and energy applications. Its offerings include aircraft systems and components, building controls and safety technologies, industrial automation and process-control systems, and specialty materials. The company serves commercial and government customers in markets around the world. Its technologies are used in settings ranging from aircraft and commercial buildings to factories, warehouses and energy facilities.