![]() ![]() Notably, the newly raised dividend results in a payout ratio of just 39% of earnings, leaving Honeywell with plenty left over for capital expenditures, even in the event of a decline in sales and earnings. HON has a market capitalization of about $78 billion and an A credit rating, according to Morningstar, which also accords it a wide moat that should deter competitors, a valuable trait during tough economic times, if they should arise. What makes Honeywell attractive now is its size and available resources, along with those expectations of higher earnings in the next couple of years. The dividend has been increased in 10 of the last 11 years, and the most recent increase of 15%, to $2.38 per share annually, provides a 2.3% yield. There are 770.7 million shares outstanding, which is down from 862.3 million in 2003. It operates in four segments: Aerospace (turbine propulsion engines, auxiliary power units, environmental control systems) provides over 30% of sales Automation and Control Solutions (sensing and security systems for buildings, homes, and industry) over 40% Transportation (turbochargers, thermal systems, electronic components, and other automotive products) about 10% and Specialty Materials (resins, chemicals, fibers, films, adhesives) the remainder.Īccording to Yahoo! Finance, the consensus estimates of 22 analysts call for Honeywell to earn about $6.10 per share this year and $6.56 in 2016, compared with $5.56 in 2014. Founded in 1920, Honeywell is a global diversified technology and manufacturing company with about $40 billion in annual sales. ![]()
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