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

Honeywell International Inc. (NASDAQ:HON) announced 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 annualized dividend and a dividend yield of 2.25%.

Honeywell International has increased its dividend by an average of 5.1% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Honeywell International has a dividend payout ratio of 39.5% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of HON stock opened at $200.66 on Tuesday. The company has a market capitalization of $129.08 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The company has a 50-day simple moving average of $205.03 and a 200 day simple moving average of $215.73. Honeywell International has a 52 week low of $179.36 and a 52 week high of $242.77.

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

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price objective on 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. Barclays lowered their price objective on Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Morgan Stanley raised their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Finally, Citigroup lowered their price objective on Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $242.15.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Honeywell International stock. Brighton Jones LLC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 9.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,047 shares of the conglomerate’s stock after buying 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. 75.91% of the stock is currently owned by institutional investors.

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.