We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Honeywell (HON) Increases Annual Dividend Payout by 12%
Read MoreHide Full Article
Diversified conglomerate Honeywell International Inc. (HON - Free Report) recently announced a 12% year-over-year hike in its annual dividend to $2.98 per share. The increased dividend will be payable from fourth-quarter 2017 and is scheduled to be paid on Dec 8 to shareholders on record as of Nov 17.
Based on the closing price of $141.74 on Sep 29, the proposed dividend affirms a yield of 2.1%. A steady dividend payout is part of the long-term strategy of Honeywell to provide attractive risk-adjusted returns to its stockholders. In addition, healthy dividend increases at periodic intervals have been one of the company’s strong points. Since 2010, Honeywell has raised dividend in double digits eight times, including the current hike.
Honeywell has outperformed the industry with an average year-to-date return of 22.4% against a decline 1.7% for the latter. Its diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks. The company’s diligent focus on working capital management, free cash flow generation and a conservative balance sheet remain key positives amid a challenging macroeconomic environment.
The company’s balanced mix of long- and short-cycle businesses, along with decent organic growth in new products and expansion in high-growth regions augur well on a long-term perspective. With a flexible yet disciplined focus on cost and productivity, Honeywell remains focused on increasing its presence in high-growth regions. Population growth, urbanization and infrastructure development continue to create attractive opportunities across its entire portfolio. Additionally, the company is building a robust pipeline of new products. Honeywell has regularly fine-tuned its portfolio, having sold about 60 of its units (accounting for $7 billion in sales) since 2002 and acquiring another 90 companies contributing $14 billion in revenues over the same period. These factors bode well for its accelerated growth in 2017.
Honeywell expects to deliver strong earnings growth in the forthcoming quarters by continuing to invest in new products and technologies and increasing footprint in high-growth markets.
Federal Signal has beaten earnings estimates thrice in the trailing four quarters with an average positive surprise of 9.5%.
Crane has a long-term earnings growth expectation of 10.1%. It has beaten earnings estimates in each of the trailing four quarters with an average positive surprise of 4%.
Barloworld has a long-term earnings growth expectation of 17.3%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Honeywell (HON) Increases Annual Dividend Payout by 12%
Diversified conglomerate Honeywell International Inc. (HON - Free Report) recently announced a 12% year-over-year hike in its annual dividend to $2.98 per share. The increased dividend will be payable from fourth-quarter 2017 and is scheduled to be paid on Dec 8 to shareholders on record as of Nov 17.
Based on the closing price of $141.74 on Sep 29, the proposed dividend affirms a yield of 2.1%. A steady dividend payout is part of the long-term strategy of Honeywell to provide attractive risk-adjusted returns to its stockholders. In addition, healthy dividend increases at periodic intervals have been one of the company’s strong points. Since 2010, Honeywell has raised dividend in double digits eight times, including the current hike.
Honeywell has outperformed the industry with an average year-to-date return of 22.4% against a decline 1.7% for the latter. Its diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks. The company’s diligent focus on working capital management, free cash flow generation and a conservative balance sheet remain key positives amid a challenging macroeconomic environment.
The company’s balanced mix of long- and short-cycle businesses, along with decent organic growth in new products and expansion in high-growth regions augur well on a long-term perspective. With a flexible yet disciplined focus on cost and productivity, Honeywell remains focused on increasing its presence in high-growth regions. Population growth, urbanization and infrastructure development continue to create attractive opportunities across its entire portfolio. Additionally, the company is building a robust pipeline of new products. Honeywell has regularly fine-tuned its portfolio, having sold about 60 of its units (accounting for $7 billion in sales) since 2002 and acquiring another 90 companies contributing $14 billion in revenues over the same period. These factors bode well for its accelerated growth in 2017.
Honeywell expects to deliver strong earnings growth in the forthcoming quarters by continuing to invest in new products and technologies and increasing footprint in high-growth markets.
Honeywell currently has a Zacks Rank #2 (Buy). Other notable stocks in the industry include Federal Signal Corporation (FSS - Free Report) , Crane Co. (CR - Free Report) and Barloworld Limited (BRRAY - Free Report) , each carrying Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Federal Signal has beaten earnings estimates thrice in the trailing four quarters with an average positive surprise of 9.5%.
Crane has a long-term earnings growth expectation of 10.1%. It has beaten earnings estimates in each of the trailing four quarters with an average positive surprise of 4%.
Barloworld has a long-term earnings growth expectation of 17.3%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>