Honeywell International (NASDAQ:HON) Shares Up 0.1% Following Dividend Announcement

Honeywell International Inc. (NASDAQ:HON - Get Free Report)'s share price was up 0.1% on Tuesday after the company announced a dividend. The stock traded as high as $195.84 and last traded at $194.01. Approximately 577,521 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 2,983,319 shares. The stock had previously closed at $193.77.

The newly announced dividend which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, May 16th. Honeywell International's dividend payout ratio (DPR) is 50.06%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Berenberg Bank raised shares of Honeywell International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Royal Bank of Canada reduced their target price on Honeywell International from $210.00 to $209.00 and set a "sector perform" rating on the stock in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, StockNews.com lowered Honeywell International from a "buy" rating to a "hold" rating in a research note on Friday. 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 stock. Based on data from MarketBeat, Honeywell International currently has an average rating of "Hold" and a consensus target price of $215.71.

Honeywell International Trading Down 0.5 %

The business has a 50 day moving average price of $197.99 and a 200-day moving average price of $196.54. The firm has a market cap of $125.50 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30.

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

Insider Buying and Selling

In other news, Director Darius Adamczyk sold 25,500 shares of the firm's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Honeywell International

Several institutional investors and hedge funds have recently made changes to their positions in HON. North Star Investment Management Corp. boosted its stake in Honeywell International by 4.4% during the 1st quarter. North Star Investment Management Corp. now owns 10,491 shares of the conglomerate's stock valued at $2,153,000 after acquiring an additional 440 shares during the last quarter. Norden Group LLC raised its stake in shares of Honeywell International by 47.9% in the 1st quarter. Norden Group LLC now owns 2,156 shares of the conglomerate's stock valued at $443,000 after purchasing an additional 698 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Honeywell International by 14.5% during the first quarter. Van ECK Associates Corp now owns 1,050,687 shares of the conglomerate's stock worth $215,654,000 after purchasing an additional 132,875 shares during the last quarter. HB Wealth Management LLC grew its stake in Honeywell International by 2.7% in the first quarter. HB Wealth Management LLC now owns 84,694 shares of the conglomerate's stock worth $17,384,000 after purchasing an additional 2,251 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC increased its holdings in Honeywell International by 96.3% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 1,180 shares of the conglomerate's stock valued at $242,000 after buying an additional 579 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

About Honeywell International

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.