Honeywell (HON, $166.97) announces 5% hike in dividend
Honeywell Board of Directors approved a hike in the company's regular annual cash dividend to $4.12 per share from $3.92.
“Honeywell continues to deliver strong financial performance despite challenging economic headwinds, and we are pleased to announce an increase to our dividend today for the 13th time over twelve consecutive years," said Chairman and CEO Darius Adamczyk.
The dividend boost will be effective beginning with Q4 dividend of $1.03 per share, which implies a 5% increase from $0.98. The dividend is payable to holders of record at the close of business on November 11, 2022.
HON sees MACD Histogram crosses below signal line
HON saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on May 23, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 41 instances where the indicator turned negative. In of the 41 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 31, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on HON as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
HON moved below its 50-day moving average on May 31, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HON declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 64 cases where HON's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HON advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .
HON may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 301 cases where HON Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.536) is normal, around the industry mean (2.326). P/E Ratio (24.876) is within average values for comparable stocks, (19.546). Projected Growth (PEG Ratio) (2.154) is also within normal values, averaging (1.557). Dividend Yield (0.021) settles around the average of (0.040) among similar stocks. P/S Ratio (3.615) is also within normal values, averaging (188.404).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. HON’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an industrial conglomerate which operates as a diversified technology and manufacturing company
Industry MetalFabrication
HON and
Correlation & Price change
A.I.dvisor indicates that over the last year, HON has been closely correlated with MMM. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if HON jumps, then MMM could also see price increases.
