04-20-2015, 11:07 AM
A good dividend history, good EPS growth for the past few years and estimates for 2015 EPS are hovering around the $6 mark. Management has said that they plan on increasing the payout ratio (currently 35% on 2014 EPS and around 30% for 2015 EPS estimates) so it doesn't look too far fetched for them to keep up the roughly 10% dividend increases. Next increase should come in October. P/E is around 19 so slightly lower than the S&P500 average. Y/Y revenue was down on their latest report but EPS was up around 10% Y/Y.
To me this seems like a decently valued large industrial company with a well diversified portfolio of different products. I have not hit the buy button yet but it sure seems like a nice possible addition to my portfolio. The valuation seems acceptable and both the EPS and dividend growth look to be something that DGI investors would value. Starting yield at 2% is a bit too low for my taste but that is not something that will stop me from buying since I do plan on holding for pretty much eternity.
Anyone who owns Honeywell? What are your thoughts on the company?
To me this seems like a decently valued large industrial company with a well diversified portfolio of different products. I have not hit the buy button yet but it sure seems like a nice possible addition to my portfolio. The valuation seems acceptable and both the EPS and dividend growth look to be something that DGI investors would value. Starting yield at 2% is a bit too low for my taste but that is not something that will stop me from buying since I do plan on holding for pretty much eternity.
Anyone who owns Honeywell? What are your thoughts on the company?