Honeywell International Inc. Plans Quarterly Dividend of $0.70 (NASDAQ:HON)

Honeywell International Inc. (NASDAQ:HON) declared a quarterly dividend on Friday, July 24th. Shareholders of record on Friday, August 14th will be given a dividend of 0.70 per share by the conglomerate on Friday, September 4th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th.

Honeywell International has increased its dividend payment by an average of 0.4%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Honeywell International has a dividend payout ratio of 83.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Honeywell International to earn $9.68 per share next year, which means the company should continue to be able to cover its $9.52 annual dividend with an expected future payout ratio of 98.3%.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $243.15 on Friday. The stock has a 50 day moving average of $226.15 and a two-hundred day moving average of $226.62. The stock has a market cap of $77.04 billion, a P/E ratio of 9.40, a P/E/G ratio of 5.55 and a beta of 0.90. Honeywell International has a twelve month low of $196.59 and a twelve month high of $261.24. The company has a current ratio of 1.21, a quick ratio of 1.10 and a debt-to-equity ratio of 1.39.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 23rd. The conglomerate reported $1.95 EPS for the quarter, beating the consensus estimate of $1.80 by $0.15. The firm had revenue of $9.72 billion during the quarter, compared to the consensus estimate of $5.03 billion. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. Honeywell International’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 EPS. Honeywell International has set its Q3 2026 guidance at 2.050-2.200 EPS and its Q4 2026 guidance at 2.280-2.430 EPS. On average, research analysts forecast that Honeywell International will post 8.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HON shares. Wolfe Research upgraded shares of Honeywell International to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings cut Honeywell International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Barclays lowered their target price on Honeywell International from $251.00 to $239.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 10th. Mizuho boosted their target price on Honeywell International from $240.00 to $480.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Finally, BMO Capital Markets restated an “outperform” rating on shares of Honeywell International in a research report on Friday, June 5th. Thirteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus target price of $259.54.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.