National Pension Service buys $49,741,605 stake in Honeywell International (HON)

Honeywell International (HON) : National Pension Service scooped up 36,204 additional shares in Honeywell International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 456,345 shares of Honeywell International which is valued at $49,741,605.Honeywell International makes up approximately 0.41% of National Pension Service’s portfolio.

Other Hedge Funds, Including , Smithbridge Asset Management Incde reduced its stake in HON by selling 825 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 29,250 shares of HON which is valued at $3,188,250. Honeywell International makes up approx 2.90% of Smithbridge Asset Management Incde’s portfolio.Chicago Trust Co Na reduced its stake in HON by selling 6,032 shares or 16.85% in the most recent quarter. The Hedge Fund company now holds 29,758 shares of HON which is valued at $3,147,801. Honeywell International makes up approx 1.45% of Chicago Trust Co Na’s portfolio.Cupps Capital Management reduced its stake in HON by selling 3,151 shares or 99.56% in the most recent quarter. The Hedge Fund company now holds 14 shares of HON which is valued at $1,495.E&g Advisors Lp reduced its stake in HON by selling 100 shares or 3.54% in the most recent quarter. The Hedge Fund company now holds 2,724 shares of HON which is valued at $290,923. Honeywell International makes up approx 0.17% of E&g Advisors Lp’s portfolio.Central Bank Trust Co reduced its stake in HON by selling 1,026 shares or 2.37% in the most recent quarter. The Hedge Fund company now holds 42,328 shares of HON which is valued at $4,526,556. Honeywell International makes up approx 1.29% of Central Bank Trust Co’s portfolio.

Honeywell International opened for trading at $109.99 and hit $110.07 on the upside on Friday, eventually ending the session at $109, with a gain of 0.68% or 0.74 points. The heightened volatility saw the trading volume jump to 53,07,134 shares. Company has a market cap of $82,935 M.

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.

Many Wall Street Analysts have commented on Honeywell International. Shares were Reiterated by RBC Capital Mkts on Oct 10, 2016 to “Outperform” and Lowered the Price Target to $ 133 from a previous price target of $138 .

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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