Honeywell International Inc. Declares Quarterly Dividend of $1.13 (NASDAQ:HON)

Honeywell International Inc. (NASDAQ:HON - Get Free Report) declared a quarterly dividend on Friday, February 14th,RTT News reports. Stockholders of record on Friday, February 28th will be given a dividend of 1.13 per share by the conglomerate on Friday, March 14th. This represents a $4.52 annualized dividend and a dividend yield of 2.23%.

Honeywell International has increased its dividend by an average of 5.1% per year over the last three years and has increased its dividend every year for the last 14 years. Honeywell International has a payout ratio of 39.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Honeywell International to earn $11.81 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 38.3%.

Honeywell International Stock Performance

NASDAQ HON traded down $2.52 during trading hours on Monday, hitting $202.75. The company's stock had a trading volume of 5,348,878 shares, compared to its average volume of 3,948,731. Honeywell International has a 12 month low of $189.75 and a 12 month high of $242.77. The company's 50 day simple moving average is $222.30 and its two-hundred day simple moving average is $215.21. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. The company has a market cap of $131.84 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, sell-side analysts expect that Honeywell International will post 10.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research reports. The Goldman Sachs Group upped their price objective on Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Baird R W lowered shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. UBS Group reissued a "buy" rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $233.00 to $231.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company cut their price objective on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and a consensus target price of $248.71.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares of the company's stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

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.