Honeywell International Inc. (NYSE:HON) announced a quarterly dividend on Friday, February 12th, RTT News reports. Shareholders of record on Friday, February 26th will be given a dividend of 0.93 per share by the conglomerate on Friday, March 12th. This represents a $3.72 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, February 25th.
Honeywell International has increased its dividend payment by 32.5% over the last three years and has increased its dividend annually for the last 10 consecutive years. Honeywell International has a payout ratio of 47.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Honeywell International to earn $7.83 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 47.5%.
NYSE:HON opened at $203.62 on Tuesday. Honeywell International has a 12 month low of $101.08 and a 12 month high of $216.70. The stock has a 50 day moving average of $204.06 and a two-hundred day moving average of $187.85. The company has a current ratio of 1.64, a quick ratio of 1.37 and a debt-to-equity ratio of 0.97. The firm has a market cap of $141.62 billion, a P/E ratio of 29.21, a price-to-earnings-growth ratio of 3.41 and a beta of 1.13.
Several research analysts have recently weighed in on the company. Credit Suisse Group lowered their target price on Honeywell International from $230.00 to $222.00 and set an “outperform” rating on the stock in a report on Monday, February 1st. Jefferies Financial Group cut Honeywell International from a “buy” rating to a “hold” rating and boosted their target price for the stock from $190.00 to $210.00 in a report on Wednesday, November 18th. They noted that the move was a valuation call. Morgan Stanley boosted their target price on Honeywell International from $219.00 to $220.00 and gave the stock an “equal weight” rating in a report on Monday, February 1st. Argus boosted their target price on Honeywell International from $195.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, February 1st. Finally, Robert W. Baird boosted their target price on Honeywell International from $167.00 to $221.00 and gave the stock an “outperform” rating in a report on Tuesday, November 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $193.33.
In other news, major shareholder Honeywell International Inc purchased 15,000 shares of the firm’s stock in a transaction on Thursday, December 17th. The shares were bought at an average cost of $4.20 per share, for a total transaction of $63,000.00. Following the completion of the purchase, the insider now directly owns 2,892,116 shares of the company’s stock, valued at $12,146,887.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is owned by corporate insiders.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems; and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services.
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