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

Key Points

• Honeywell International Inc. declared a quarterly dividend of $1.13 per share, resulting in an annualized dividend of $4.52 and a yield of 2.01%, payable on September 5th to investors of record on August 15th.
• The company's recent earnings report revealed earnings per share of $2.75, exceeding expectations, with revenue of $10.35 billion, an 8.1% increase year-over-year.
• Honeywell's stock has a strong consensus rating of "Moderate Buy" with an average price target of $250.79, as several analysts have recently upgraded their price targets for the stock.

Honeywell International Inc. (NASDAQ:HON - Get Free Report) declared a quarterly dividend on Friday, July 25th, RTT News reports. Investors of record on Friday, August 15th will be given a dividend of 1.13 per share by the conglomerate on Friday, September 5th. This represents a $4.52 annualized dividend and a yield of 2.01%.

Honeywell International has a dividend payout ratio of 39.8% indicating that 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 $4.52 annual dividend with an expected future payout ratio of 39.9%.

Honeywell International Stock Performance

HON opened at $224.35 on Friday. The stock has a market capitalization of $144.19 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 2.72 and a beta of 1.07. The company has a fifty day moving average of $229.39 and a 200 day moving average of $216.96. Honeywell International has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter in the previous year, the business posted $2.49 earnings per share. Honeywell International's quarterly revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast 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 several research reports. JPMorgan Chase & Co. boosted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $250.79.

Hedge Funds Weigh In On Honeywell International

An institutional investor recently raised its position in Honeywell International stock. Acadian Asset Management LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 145.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,433 shares of the conglomerate's stock after buying an additional 2,629 shares during the quarter. Acadian Asset Management LLC's holdings in Honeywell International were worth $937,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 75.91% of the company's stock.

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.

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