Honeywell International Inc. (HON) Plans Quarterly Dividend of $0.45
Honeywell International (NYSE:HON) announced a quarterly dividend on Tuesday, October 22nd, Analyst RN reports. Investors of record on Thursday, November 21st will be paid a dividend of $0.45 per share on Tuesday, December 10th. This represents a $1.80 annualized dividend and a dividend yield of 2.13%.
A number of analysts have recently weighed in on HON shares. Analysts at William Blair raised their price target on shares of Honeywell International from $84.00 to $88.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. On a related note, analysts at Stifel Nicolaus raised their price target on shares of Honeywell International from $90.00 to $95.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Honeywell International from $91.00 to $99.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $86.04.
Shares of Honeywell International (NYSE:HON) traded up 1.81% on Tuesday, hitting $86.1799. The stock had a trading volume of 673,923 shares. Honeywell International has a 52 week low of $58.29 and a 52 week high of $87.55. The stock’s 50-day moving average is $83.90 and its 200-day moving average is $80.30. The company has a market cap of $67.763 billion and a price-to-earnings ratio of 20.92.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.24 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.24. The company had revenue of $9.60 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts expect that Honeywell International will post $4.95 EPS for the current fiscal year.
In other Honeywell International news, CEO Roger Fradin sold 190,612 shares of the company’s stock on the open market in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $85.00, for a total transaction of $16,202,020.00. Following the transaction, the chief executive officer now directly owns 259,477 shares in the company, valued at approximately $22,055,545. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Honeywell International Inc (NYSE:HON) is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation.
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