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

Honeywell International Inc. (NASDAQ:HON) declared a quarterly dividend on Monday, April 28th, RTT News reports. Investors of record on Friday, May 16th will be paid a dividend of 1.13 per share by the conglomerate on Friday, June 6th. This represents a $4.52 dividend on an annualized basis and a yield of 2.25%.

Honeywell International has increased its dividend payment by an average of 5.1% per year over the last three years and has raised its dividend every year for the last 14 years. Honeywell International has a dividend payout ratio of 39.5% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.8 %

Shares of HON stock opened at $200.66 on Tuesday. Honeywell International has a 1 year low of $179.36 and a 1 year high of $242.77. The firm’s fifty day simple moving average is $205.03 and its 200 day simple moving average is $215.73. The firm has a market capitalization of $129.08 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, sell-side analysts predict that Honeywell International will post 10.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HON shares. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered their price objective on shares of Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Morgan Stanley raised their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada lowered their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $242.15.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Honeywell International

A hedge fund recently raised its stake in Honeywell International stock. Brighton Jones LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,047 shares of the conglomerate’s stock after purchasing an additional 1,582 shares during the period. Brighton Jones LLC’s holdings in Honeywell International were worth $4,302,000 at the end of the most recent quarter. Institutional investors 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.