Honeywell International Inc. (HON) to Issue Quarterly Dividend of $1.13 on March 14th

Honeywell International Inc. (NASDAQ:HON) declared a quarterly dividend on Friday, February 14th,RTT News reports. Stockholders of record on Friday, February 28th will be given a dividend of 1.13 per share by the conglomerate on Friday, March 14th. This represents a $4.52 annualized dividend and a dividend yield of 2.23%.

Honeywell International has raised its dividend by an average of 5.1% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Honeywell International has a dividend payout ratio of 39.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Honeywell International to earn $11.81 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 38.3%.

Honeywell International Stock Performance

NASDAQ:HON opened at $202.75 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $131.84 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. The firm has a 50-day moving average price of $222.30 and a two-hundred day moving average price of $215.05. Honeywell International has a twelve month low of $189.75 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, research analysts expect that Honeywell International will post 10.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. UBS Group reaffirmed a “buy” rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group boosted their price target on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $248.71.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.41% of the company’s stock.

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.