Cypress Asset Management Inctx Lowers stake in Honeywell International (HON)

Honeywell International (HON) : Cypress Asset Management Inctx reduced its stake in Honeywell International by 7.19% during the most recent quarter end. The investment management company now holds a total of 104,039 shares of Honeywell International which is valued at $12,472,195 after selling 8,058 shares in Honeywell International , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Honeywell International makes up approximately 2.42% of Cypress Asset Management Inctx’s portfolio.

Other Hedge Funds, Including , Tnb Financial boosted its stake in HON in the latest quarter, The investment management firm added 2,195 additional shares and now holds a total of 6,031 shares of Honeywell International which is valued at $722,996. Honeywell International makes up approx 0.19% of Tnb Financial’s portfolio.Hartford Financial Management reduced its stake in HON by selling 250 shares or 1.22% in the most recent quarter. The Hedge Fund company now holds 20,175 shares of HON which is valued at $2,405,465. Honeywell International makes up approx 1.40% of Hartford Financial Management’s portfolio.Chicago Trust Co Na reduced its stake in HON by selling 2,150 shares or 5.67% in the most recent quarter. The Hedge Fund company now holds 35,790 shares of HON which is valued at $4,253,284. Honeywell International makes up approx 1.80% of Chicago Trust Co Na’s portfolio.

Honeywell International opened for trading at $119.44 and hit $120 on the upside on Wednesday, eventually ending the session at $119.88, with a gain of 0.44% or 0.53 points. The heightened volatility saw the trading volume jump to 21,74,439 shares. Company has a market cap of $91,362 M.

On the company’s financial health, Honeywell International reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $1.50. The company had revenue of $9522.00 million for the quarter, compared to analysts expectations of $9365.12 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS.

Many Wall Street Analysts have commented on Honeywell International. Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 122 from a previous price target of $121 .Company shares were Reiterated by Stifel on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 129 from a previous price target of $127 .

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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