Honeywell International Inc. (NASDAQ:HON) Plans Dividend Increase - $1.13 Per Share

Honeywell International Inc. (NASDAQ:HON - Get Free Report) announced a quarterly dividend on Friday, September 27th, Zacks 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 2.18%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International's previous quarterly dividend of $1.08.

Honeywell International has increased its dividend payment by an average of 4.7% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Honeywell International has a dividend payout ratio of 40.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Honeywell International to earn $11.17 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 40.5%.

Honeywell International Stock Up 0.3 %

Shares of NASDAQ HON traded up $0.60 during trading on Friday, hitting $207.63. The stock had a trading volume of 2,454,314 shares, compared to its average volume of 2,821,641. The firm has a fifty day moving average of $203.38 and a two-hundred day moving average of $203.65. The company has a market capitalization of $135.21 billion, a PE ratio of 24.06, a PEG ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International has a 12 month low of $174.88 and a 12 month high of $220.79.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts' consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International's revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $2.23 earnings per share. As a group, equities research analysts forecast that Honeywell International will post 10.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. StockNews.com cut Honeywell International from a "buy" rating to a "hold" rating in a research note on Friday, August 30th. Morgan Stanley initiated coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an "equal weight" rating and a $210.00 price target on the stock. Daiwa America upgraded shares of Honeywell International to a "moderate buy" rating in a research note on Wednesday, June 5th. Wells Fargo & Company dropped their target price on Honeywell International from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research report on Friday, July 26th. Finally, Citigroup boosted their price objective on Honeywell International from $243.00 to $244.00 and gave the company a "buy" rating in a research note on Tuesday, June 4th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of "Hold" and a consensus target price of $223.13.

About Honeywell International

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.