Honeywell International Inc. (NYSE:HON) declared a quarterly dividend on Friday, September 28th, Zacks reports. Shareholders 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 raised 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. 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. Honeywell International has a one year low of $139.30 and a one year high of $167.72. The company has a current ratio of 1.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The company has a market cap of $111.19 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The business had revenue of $10.76 billion for the quarter, compared to analysts’ expectations of $10.75 billion. During the same period last year, the business earned $1.75 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts predict that Honeywell International will post 7.98 EPS for the current fiscal year.
HON has been the topic of a number of recent research reports. Citigroup set a $186.00 price target on shares of Honeywell International and gave the company a “buy” rating in a research report on Tuesday, October 30th. Gordon Haskett initiated coverage on shares of Honeywell International in a research report on Friday, October 12th. They set a “buy” rating on the stock. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. UBS Group raised their target price on shares of Honeywell International from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. Finally, Deutsche Bank raised their target price on shares of Honeywell International from $168.00 to $182.00 and gave the stock 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 assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $172.90.
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Honeywell International Company Profile
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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