Nippon Life Insurance Co Lowers stake in Honeywell International (HON)

Honeywell International (HON) : Nippon Life Insurance Co reduced its stake in Honeywell International by 6.23% during the most recent quarter end. The investment management company now holds a total of 36,783 shares of Honeywell International which is valued at $4,267,196 after selling 2,444 shares in Honeywell International , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Honeywell International makes up approximately 0.10% of Nippon Life Insurance Co’s portfolio.

Other Hedge Funds, Including , Foster Motley Inc boosted its stake in HON in the latest quarter, The investment management firm added 2,715 additional shares and now holds a total of 48,851 shares of Honeywell International which is valued at $5,667,205. Honeywell International makes up approx 1.10% of Foster Motley Inc’s portfolio.Boston Advisors reduced its stake in HON by selling 300 shares or 7.16% in the most recent quarter. The Hedge Fund company now holds 3,892 shares of HON which is valued at $447,424. Honeywell International makes up approx 0.01% of Boston Advisors’s portfolio.Neville Rodie Shaw Inc reduced its stake in HON by selling 1,300 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 54,105 shares of HON which is valued at $6,441,200. Honeywell International makes up approx 0.75% of Neville Rodie Shaw Inc’s portfolio.

Honeywell International closed down -0.33 points or -0.28% at $116.04 with 20,09,420 shares getting traded on Monday. Post opening the session at $116.6, the shares hit an intraday low of $115.71 and an intraday high of $116.77 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Honeywell International reported $1.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $1.64. The company had revenue of $9991.00 million for the quarter, compared to analysts expectations of $10136.17 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS.

Investors should note that on Jul 29, 2016, Honeywell International announced a cash dividend of $0.5950. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 9, 2016.

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company. The Company is engaged in serving customers across the world with aerospace products and services turbochargers control sensing and security technologies for buildings homes and industry specialty chemicals electronic and advanced materials process technology for refining and petrochemicals and energy efficient products and solutions for homes business and transportation. The Company operates in segments: Aerospace Automation and Control Solutions (ACS) and Performance Materials and Technologies (PMT). Its Aerospace segment is a supplier of aircraft engines integrated avionics systems and service solutions and related products and services. ACS segment provides environmental and combustion controls sensing controls security and life safety products and services. Its PMT segment develops and manufactures advanced materials process technologies and automation solutions.

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