Honeywell International Inc. (NASDAQ:HON) to Issue Dividend Increase – $1.13 Per Share

Honeywell International Inc. (NASDAQ:HON) declared a quarterly dividend on Friday, September 27th,Zacks Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 1.13 per share by the conglomerate on Friday, December 6th. This represents a $4.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08.

Honeywell International has increased its dividend by an average of 4.7% annually over the last three years and has raised its dividend every year for the last 14 years. Honeywell International has a dividend payout ratio of 40.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Honeywell International to earn $10.97 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 41.2%.

Honeywell International Trading Down 0.4 %

NASDAQ:HON opened at $233.07 on Thursday. The firm has a market cap of $151.55 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 2.78 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a fifty day moving average price of $209.67 and a 200 day moving average price of $207.16. Honeywell International has a 12-month low of $188.65 and a 12-month high of $242.77.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research analyst reports. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Royal Bank of Canada lifted their target price on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. UBS Group reiterated a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday. Finally, Citigroup cut their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Hold” and a consensus target price of $240.55.

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.