Honeywell International Inc. (NASDAQ:HON) Declares $1.08 Quarterly Dividend

Honeywell International Inc. (NASDAQ:HON - Get Free Report) announced a quarterly dividend on Monday, April 29th, RTT News reports. Investors of record on Friday, May 17th will be given a dividend of 1.08 per share by the conglomerate on Friday, June 7th. This represents a $4.32 dividend on an annualized basis and a yield of 2.23%.

Honeywell International has increased its dividend payment by an average of 4.7% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Honeywell International has a dividend payout ratio of 39.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Honeywell International to earn $10.82 per share next year, which means the company should continue to be able to cover its $4.32 annual dividend with an expected future payout ratio of 39.9%.

Honeywell International Price Performance

NASDAQ HON traded up $0.32 during trading hours on Monday, reaching $193.77. 2,593,461 shares of the company's stock were exchanged, compared to its average volume of 3,013,757. The stock has a market cap of $126.18 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. Honeywell International has a one year low of $174.88 and a one year high of $210.87. The firm has a fifty day moving average of $198.11 and a 200-day moving average of $196.47. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts' consensus estimates of $2.17 by $0.08. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $2.07 EPS. On average, equities research analysts predict that Honeywell International will post 9.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HON has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Berenberg Bank raised Honeywell International from a "hold" rating to a "buy" rating and raised their price objective for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. StockNews.com downgraded Honeywell International from a "buy" rating to a "hold" rating in a research note on Friday. Barclays raised their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada dropped their price target on Honeywell International from $210.00 to $209.00 and set a "sector perform" rating on the stock in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $215.71.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.41% 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.