Honeywell International Inc. to Issue Quarterly Dividend of $0.90 (NYSE:HON)

Honeywell International Inc. (NYSE:HON) announced a quarterly dividend on Friday, July 31st, RTT News reports. Shareholders 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 yield of 2.41%.

Honeywell International has increased its dividend payment by an average of 37.1% per year over the last three years and has increased its dividend annually for the last 9 consecutive years. Honeywell International has a dividend payout ratio of 51.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Honeywell International to earn $7.70 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 46.8%.

Shares of NYSE HON opened at $149.37 on Friday. The business’s 50 day moving average price is $146.81 and its two-hundred day moving average price is $150.80. The company has a market cap of $104.69 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.80 and a beta of 1.03. 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 has a twelve month low of $101.08 and a twelve month high of $184.06.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 24th. The conglomerate reported $1.26 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same period in the previous year, the company posted $2.10 EPS. The firm’s revenue for the quarter was down 19.1% compared to the same quarter last year. As a group, research analysts anticipate that Honeywell International will post 6.92 EPS for the current fiscal year.

HON has been the topic of several research analyst reports. Robert W. Baird increased their price objective on shares of Honeywell International from $150.00 to $167.00 in a research report on Monday, July 27th. Barclays reissued a “buy” rating on shares of Honeywell International in a report on Sunday, July 26th. Oppenheimer restated a “hold” rating on shares of Honeywell International in a report on Friday, May 1st. Deutsche Bank lowered their target price on Honeywell International from $163.00 to $153.00 and set a “hold” rating on the stock in a research note on Monday, July 27th. Finally, Argus reissued a “buy” rating and set a $165.00 price target on shares of Honeywell International in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The company 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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Dividend History for Honeywell International (NYSE:HON)

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