Company Update: Honeywell International Inc (NYSE:HON) – Honeywell Declares Quarterly Dividend

[PR Newswire] – MORRIS PLAINS, N.J., April 25, 2016 /PRNewswire/ — The Board of Directors of Honeywell ( NYSE: HON ) has declared a regular quarterly dividend of $0.5950 per share on the company’s outstanding common … Read more on this. Honeywell International Inc. (HON) , currently valued at $86.02B, started trading this morning at $114.00. A quick look at the market, the company’s stock traded between $112.90 and $115.00 with its 52-week range being $87.00 to $116.56. Priced at 17.27x this year’s forecasted earnings, HON shares are relatively expensive compared to the industry’s 16.44x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.38 per share annually in dividends, yielding 2.08%. According to a consensus of 19 analysts, the earnings estimate of $1.64 per share would be $0.13 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $6.61, which would be a $0.51 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.23 Billion. If realized, that would be a 4.60% increase over the year-ago quarter. In terms of ratings, UBS Initiated HON at Neutral (Jan 22, 2015). Previously, Stifel Nicolaus Initiated HON at to Buy. With the above information in mind, readers should note that the average price target is $121.55, which is 6.62% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Market Update: Honeywell International Inc (NYSE:HON) – Honeywell Completes Acquisition Of COM DEV International’s Space Hardware And Systems Business Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell to Present at Cowen and Company Aerospace/Defense Conference & Transport One-on-One Forum Market Update: Honeywell International Inc (NYSE:HON) – Honeywell To Increase Dividend By 15% Effective In The Fourth Quarter 2015