Honeywell International Inc. (HON) Announces Dividend Increase – $0.82 Per Share

Honeywell International Inc. (NYSE:HON) announced a quarterly dividend on Friday, September 28th, Zacks reports. Investors of record on Friday, November 16th will be given 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 of this dividend is Thursday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $0.75.

Honeywell International has increased its dividend payment by an average of 13.6% per year over the last three years and has raised its dividend every year for the last 7 years. Honeywell International has a payout ratio of 40.2% meaning its dividend is sufficiently covered by earnings. 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%.

HON opened at $150.32 on Friday. The company has a market cap of $111.19 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04. Honeywell International has a 1 year low of $139.30 and a 1 year high of $167.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.49 and a quick ratio of 1.20.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.04. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The company had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same quarter last year, the company earned $1.75 earnings per share. Honeywell International’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect that Honeywell International will post 7.98 earnings per share for the current year.

Several brokerages have issued reports on HON. HSBC downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 price objective for the company. in a research report on Tuesday, October 2nd. Oppenheimer increased their price objective on shares of Honeywell International from $172.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, September 26th. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Deutsche Bank increased their price objective on shares of Honeywell International from $168.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, September 28th. Finally, JPMorgan Chase & Co. reaffirmed a “positive” rating on shares of Honeywell International in a research report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $172.90.

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About Honeywell International

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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Dividend History for Honeywell International (NYSE:HON)

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