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

Honeywell International Inc. (NASDAQ:HON) declared a quarterly dividend on Friday, September 27th,Zacks Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 1.13 per share by the conglomerate on Friday, December 6th. This represents a $4.52 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08.

Honeywell International has increased its dividend by an average of 4.7% annually over the last three years and has increased its dividend every year for the last 14 years. Honeywell International has a dividend payout ratio of 40.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Honeywell International to earn $10.97 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 41.2%.

Honeywell International Price Performance

NASDAQ:HON opened at $233.07 on Thursday. Honeywell International has a one year low of $188.65 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a market cap of $151.55 billion, a PE ratio of 26.91, a P/E/G ratio of 2.78 and a beta of 1.03. The stock has a 50 day moving average price of $209.67 and a 200 day moving average price of $207.16.

Analyst Upgrades and Downgrades

Several research firms recently commented on HON. UBS Group reaffirmed a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a report on Wednesday. Citigroup cut their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Royal Bank of Canada raised their target price on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Bank of America reissued a “neutral” rating and set a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $240.55.

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.