Honeywell International Inc. (NASDAQ:HON) Declares $0.98 Quarterly Dividend

Honeywell International Inc. (NASDAQ:HONGet Rating) announced a quarterly dividend on Monday, April 25th, RTT News reports. Shareholders of record on Friday, May 13th will be paid a dividend of 0.98 per share by the conglomerate on Friday, June 3rd. This represents a $3.92 dividend on an annualized basis and a yield of 2.04%.

Honeywell International has increased its dividend payment by an average of 7.3% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Honeywell International has a payout ratio of 40.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Honeywell International to earn $9.64 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 40.7%.

Honeywell International stock traded up $1.18 during mid-day trading on Monday, reaching $191.81. The stock had a trading volume of 147,179 shares, compared to its average volume of 3,494,430. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.30. Honeywell International has a fifty-two week low of $174.42 and a fifty-two week high of $236.86. The stock’s 50-day simple moving average is $190.28 and its 200-day simple moving average is $203.62. The firm has a market capitalization of $131.48 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13.

Honeywell International (NASDAQ:HONGet Rating) last announced its quarterly earnings data on Thursday, February 3rd. The conglomerate reported $2.09 EPS for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.01. Honeywell International had a return on equity of 30.52% and a net margin of 16.11%. The firm had revenue of $8.66 billion during the quarter, compared to analysts’ expectations of $8.74 billion. During the same quarter last year, the firm posted $2.07 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, research analysts forecast that Honeywell International will post 8.55 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of HON. Morgan Stanley raised its stake in shares of Honeywell International by 5.3% in the second quarter. Morgan Stanley now owns 12,135,673 shares of the conglomerate’s stock valued at $2,661,961,000 after buying an additional 613,394 shares during the period. Keudell Morrison Wealth Management raised its stake in shares of Honeywell International by 10.4% in the third quarter. Keudell Morrison Wealth Management now owns 1,598 shares of the conglomerate’s stock valued at $339,000 after buying an additional 150 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Honeywell International by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 7,817,231 shares of the conglomerate’s stock valued at $1,659,440,000 after buying an additional 165,235 shares during the period. American International Group Inc. raised its stake in shares of Honeywell International by 5.2% in the third quarter. American International Group Inc. now owns 241,726 shares of the conglomerate’s stock valued at $51,314,000 after buying an additional 12,025 shares during the period. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Honeywell International by 0.8% in the fourth quarter. Flagship Harbor Advisors LLC now owns 8,591 shares of the conglomerate’s stock valued at $1,791,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 74.61% of the company’s stock.

HON has been the subject of a number of research reports. Credit Suisse Group reduced their price objective on Honeywell International from $226.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, February 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on Honeywell International from $243.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, April 14th. Citigroup cut their target price on Honeywell International from $264.00 to $248.00 in a research report on Friday, February 4th. Wells Fargo & Company cut their target price on Honeywell International from $216.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Monday, February 7th. Finally, Zacks Investment Research raised Honeywell International from a “sell” rating to a “hold” rating and set a $203.00 target price on the stock in a research report on Tuesday, March 22nd. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $228.43.

About Honeywell International (Get Rating)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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Dividend History for Honeywell International (NASDAQ:HON)

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