Honeywell Aerospace (NASDAQ:HONA) Shares to Pay Quarterly Dividend of $0.40

Key Points

• Honeywell Aerospace declared a quarterly dividend of $0.40 per share, payable December 4 to shareholders of record on November 13. The annualized dividend is $1.60, representing a 0.9% yield.
• Shares opened at $177.03 after rising 5.4%, while the company reported quarterly earnings of $2.21 per share, exceeding the $1.90 analyst consensus, on revenue of $4.64 billion.
• Analyst sentiment remains mixed, with an overall “Hold” rating and a consensus price target of $201.93; recent targets range from $190 to $210.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) 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 of this dividend is Friday, November 13th.

Honeywell Aerospace Trading Up 5.4%

Shares of NASDAQ HONA opened at $177.03 on Thursday. The firm has a fifty day moving average price of $160.44. Honeywell Aerospace has a one year low of $149.19 and a one year high of $297.50. The firm has a market cap of $56.11 billion and a price-to-earnings ratio of 94.67.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.31. The firm had revenue of $4.64 billion for the quarter. As a group, research analysts expect that Honeywell Aerospace will post 7.77 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on HONA. Wall Street Zen upgraded shares of Honeywell Aerospace to a "hold" rating in a research note on Sunday, July 12th. The Goldman Sachs Group assumed coverage on shares of Honeywell Aerospace in a research report on Wednesday, October 7th. They set a "neutral" rating and a $190.00 target price on the stock. Morgan Stanley raised shares of Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 target price on the stock in a report on Wednesday, August 19th. Argus set a $210.00 price target on shares of Honeywell Aerospace in a research report on Friday, October 9th. Finally, Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Honeywell Aerospace currently has an average rating of "Hold" and a consensus target price of $201.93.

Honeywell Aerospace Company Profile

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.

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