Honeywell International (NASDAQ:HON) Stock Price Up 0.1% Following Dividend Announcement

Honeywell International Inc. (NASDAQ:HON) traded up 0.1% on Tuesday following a dividend announcement from the company. The company traded as high as $195.84 and last traded at $194.01. 577,521 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 2,983,319 shares. The stock had previously closed at $193.77.

The newly announced dividend which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.24%. Honeywell International’s payout ratio is currently 50.06%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HON shares. Barclays boosted their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $215.71.

Honeywell International Stock Performance

The firm has a fifty day simple moving average of $198.11 and a 200-day simple moving average of $196.47. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The company has a market cap of $125.35 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.07 earnings per share. On average, research analysts forecast that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Insider Buying and Selling

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

A number of large investors have recently modified their holdings of the business. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $27,000. Altshuler Shaham Ltd acquired a new stake in shares of Honeywell International during the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. purchased a new stake in shares of Honeywell International during the 4th quarter worth approximately $31,000. Cordant Inc. acquired a new stake in shares of Honeywell International in the 4th quarter worth approximately $31,000. Finally, Richardson Capital Management LLC purchased a new position in Honeywell International in the 1st quarter valued at approximately $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's 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; and thermal systems, as well as wireless connectivity services.