Honeywell International Inc. (NYSE:HON) announced 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 annualized dividend and a dividend 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 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 cap of $111.19 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.92 and a beta of 1.04. Honeywell International has a one year low of $139.30 and a one year high of $167.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.49.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, topping the consensus estimate of $1.99 by $0.04. The company had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.75 billion. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.75 EPS. Analysts forecast that Honeywell International will post 7.98 EPS for the current year.
HON has been the topic of several research analyst reports. Citigroup set a $186.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Gordon Haskett began coverage on shares of Honeywell International in a research report on Friday, October 12th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. UBS Group boosted their price objective on shares of Honeywell International from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Finally, Deutsche Bank boosted their price objective on shares of Honeywell International from $168.00 to $182.00 and gave the stock a “buy” rating in a research report on Friday, September 28th. One investment 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. The company presently has a consensus rating of “Buy” and an average target price 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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