Honeywell International Inc. (NYSE:HON) declared a quarterly dividend on Friday, July 31st, RTT News reports. Stockholders of record on Friday, August 14th will be paid a dividend of 0.90 per share by the conglomerate on Friday, September 4th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.43%.
Honeywell International has increased its dividend payment by an average of 37.1% per year over the last three years and has raised its dividend annually for the last 9 consecutive years. Honeywell International has a payout ratio of 51.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Honeywell International to earn $7.68 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 46.9%.
Shares of HON stock traded down $1.21 during trading hours on Friday, reaching $147.95. The company’s stock had a trading volume of 20,207 shares, compared to its average volume of 3,013,152. The firm’s 50 day simple moving average is $146.90 and its 200-day simple moving average is $150.95. The company has a market capitalization of $103.80 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 2.91 and a beta of 1.03. Honeywell International has a fifty-two week low of $101.08 and a fifty-two week high of $184.06. The company has a quick ratio of 1.36, a current ratio of 1.63 and a debt-to-equity ratio of 0.96.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 24th. The conglomerate reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.11. Honeywell International had a return on equity of 29.93% and a net margin of 16.94%. The firm had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter last year, the business posted $2.10 EPS. The company’s revenue was down 19.1% compared to the same quarter last year. Sell-side analysts predict that Honeywell International will post 6.9 earnings per share for the current year.
Several brokerages recently issued reports on HON. Oppenheimer reaffirmed a “hold” rating on shares of Honeywell International in a research report on Friday, May 1st. UBS Group lowered their price objective on Honeywell International from $143.00 to $136.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Morgan Stanley lifted their price objective on Honeywell International from $147.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday. Langenberg & Company reissued a “buy” rating and issued a $165.00 price objective on shares of Honeywell International in a research report on Friday, May 1st. Finally, Credit Suisse Group lifted their price objective on Honeywell International from $166.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Honeywell International presently has an average rating of “Buy” and an average price target of $160.06.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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