Honeywell International Inc. (HON) Declares Dividend Increase – $0.82 Per Share

Honeywell International Inc. (NYSE:HON) announced a quarterly dividend on Friday, September 28th, Zacks reports. Investors of record on Friday, November 16th will be paid a dividend of 0.82 per share by the conglomerate on Friday, December 7th. This represents a $3.28 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Thursday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $0.75.

Honeywell International has increased its dividend payment by an average of 13.6% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Honeywell International has a dividend payout ratio of 40.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Honeywell International to earn $8.07 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 40.6%.

Shares of NYSE:HON opened at $150.32 on Friday. The firm has a market capitalization of $111.19 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04. Honeywell International has a 1 year low of $139.30 and a 1 year high of $167.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.49 and a quick ratio of 1.20.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.04. The firm had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.75 billion. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. Honeywell International’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 earnings per share. As a group, equities analysts anticipate that Honeywell International will post 7.98 EPS for the current year.

A number of equities research analysts have issued reports on HON shares. Citigroup set a $186.00 price target on shares of Honeywell International and gave the company a “buy” rating in a report on Tuesday, October 30th. Gordon Haskett started coverage on shares of Honeywell International in a report on Friday, October 12th. They set a “buy” rating for the company. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, July 30th. UBS Group upped their price target on shares of Honeywell International from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Finally, Deutsche Bank upped their price target on shares of Honeywell International from $168.00 to $182.00 and gave the company a “buy” rating in a report on Friday, September 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $172.90.

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About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Dividend History for Honeywell International (NYSE:HON)

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