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

Honeywell International Inc. (NASDAQ:HON) traded up 0.1% during mid-day trading on Tuesday following a dividend announcement from the company. The stock traded as high as $195.84 and last traded at $194.01. 577,521 shares were traded 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 issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.24%. Honeywell International’s dividend payout ratio is presently 50.06%.

Analyst Upgrades and Downgrades

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

Honeywell International Price Performance

The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The stock has a market capitalization of $125.35 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. The business’s 50 day simple moving average is $198.11 and its 200-day simple moving average is $196.47.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same period in the prior year, the company posted $2.07 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts anticipate that Honeywell International Inc. will post 9.96 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Honeywell International

A number of hedge funds and other institutional investors have recently modified their holdings of HON. Altshuler Shaham Ltd acquired a new stake in Honeywell International during the fourth quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International during the 4th quarter valued at $27,000. Cordant Inc. bought a new stake in shares of Honeywell International during the 4th quarter worth $31,000. Rakuten Securities Inc. acquired a new position in shares of Honeywell International in the 4th quarter worth $31,000. Finally, Richardson Capital Management LLC acquired a new stake in shares of Honeywell International during the first quarter worth $35,000. Institutional investors own 75.91% of the company’s stock.

About Honeywell International

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.