Honeywell International Inc. (NYSE:HON) announced a quarterly dividend on Monday, April 26th, RTT News reports. Investors of record on Friday, May 14th will be paid a dividend of 0.93 per share by the conglomerate on Friday, June 4th. This represents a $3.72 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, May 13th.
Honeywell International has raised its dividend payment by 32.5% over the last three years and has raised its dividend every year for the last 10 years. Honeywell International has a payout ratio of 46.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Honeywell International to earn $7.83 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 47.5%.
Shares of HON opened at $228.26 on Wednesday. The business has a 50-day moving average of $223.34 and a 200 day moving average of $208.30. Honeywell International has a fifty-two week low of $117.11 and a fifty-two week high of $232.65. The firm has a market cap of $158.54 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 3.41 and a beta of 1.13. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.37 and a current ratio of 1.64.
A number of research firms have weighed in on HON. Barclays lifted their target price on Honeywell International from $230.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, May 3rd. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $222.00 to $244.00 in a report on Wednesday, April 14th. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, April 15th. Royal Bank of Canada boosted their price objective on Honeywell International from $194.00 to $199.00 and gave the stock a “sector perform” rating in a report on Monday, February 1st. Finally, Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $233.00 price objective for the company in a report on Tuesday, April 27th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $221.00.
In other news, VP Anne T. Madden sold 8,885 shares of Honeywell International stock in a transaction on Thursday, April 29th. The stock was sold at an average price of $223.22, for a total value of $1,983,309.70. Following the transaction, the vice president now directly owns 50,658 shares in the company, valued at approximately $11,307,878.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.64% of the company’s stock.
Honeywell International Company Profile
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; and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services.
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