Murphy Capital Management Inc Lowers stake in Honeywell International (HON)

Honeywell International (HON) : Murphy Capital Management Inc reduced its stake in Honeywell International by 3.21% during the most recent quarter end. The investment management company now holds a total of 55,605 shares of Honeywell International which is valued at $6,665,927 after selling 1,844 shares in Honeywell International , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Honeywell International makes up approximately 1.00% of Murphy Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Telemus Capital boosted its stake in HON in the latest quarter, The investment management firm added 1,743 additional shares and now holds a total of 5,064 shares of Honeywell International which is valued at $607,072. Honeywell International makes up approx 0.07% of Telemus Capital’s portfolio.Highland Capital Management reduced its stake in HON by selling 20 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 29,665 shares of HON which is valued at $3,556,240. Honeywell International makes up approx 0.30% of Highland Capital Management’s portfolio. Capital Advantage added HON to its portfolio by purchasing 4,011 company shares during the most recent quarter which is valued at $476,868. Honeywell International makes up approx 0.17% of Capital Advantage’s portfolio.Watch Point Trust Co reduced its stake in HON by selling 300 shares or 8.38% in the most recent quarter. The Hedge Fund company now holds 3,280 shares of HON which is valued at $389,795. Honeywell International makes up approx 0.33% of Watch Point Trust Co’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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