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

Honeywell International Inc. (NASDAQ:HON) announced a quarterly dividend on Friday, February 14th,RTT News reports. Shareholders of record on Friday, February 28th will be paid a dividend of 1.13 per share by the conglomerate on Friday, March 14th. This represents a $4.52 dividend on an annualized basis and a yield of 2.22%.

Honeywell International has increased its dividend by an average of 5.1% 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 39.2% meaning 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 Price Performance

NASDAQ:HON traded down $1.70 during mid-day trading on Friday, reaching $203.58. 966,012 shares of the company were exchanged, compared to its average volume of 3,924,247. Honeywell International has a 12 month low of $189.75 and a 12 month high of $242.77. The company has a fifty day moving average of $222.77 and a 200 day moving average of $215.04. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a market cap of $132.37 billion, a PE ratio of 23.38, a PEG ratio of 2.55 and a beta of 1.05.

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

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred 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 approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wells Fargo & Company reduced their target price on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Royal Bank of Canada reduced their target price on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Finally, Barclays reduced their target price on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research note on Monday. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $248.71.

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.