Picton Mahoney Asset Management Lowers stake in Honeywell International (HON)

Honeywell International (HON) : Picton Mahoney Asset Management reduced its stake in Honeywell International by 29.65% during the most recent quarter end. The investment management company now holds a total of 234,475 shares of Honeywell International which is valued at $27,222,548 after selling 98,822 shares in Honeywell International , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Honeywell International makes up approximately 1.83% of Picton Mahoney Asset Management’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag boosted its stake in HON in the latest quarter, The investment management firm added 109,841 additional shares and now holds a total of 1,327,416 shares of Honeywell International which is valued at $154,112,998. Honeywell International makes up approx 0.19% of Credit Suisse Ag’s portfolio.Psagot Investment House Ltd. reduced its stake in HON by selling 215 shares or 2.68% in the most recent quarter. The Hedge Fund company now holds 7,800 shares of HON which is valued at $907,686. Honeywell International makes up approx 0.04% of Psagot Investment House Ltd.’s portfolio.Hyman Charles D boosted its stake in HON in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 28,545 shares of Honeywell International which is valued at $3,321,782. Honeywell International makes up approx 0.49% of Hyman Charles D’s portfolio.Cambridge Trust Co boosted its stake in HON in the latest quarter, The investment management firm added 98,740 additional shares and now holds a total of 102,784 shares of Honeywell International which is valued at $11,960,974. Honeywell International makes up approx 0.88% of Cambridge Trust Co’s portfolio.Greylin Investment Mangement Inc reduced its stake in HON by selling 200 shares or 2.13% in the most recent quarter. The Hedge Fund company now holds 9,200 shares of HON which is valued at $1,057,632. Honeywell International makes up approx 0.23% of Greylin Investment Mangement Inc’s portfolio.

Honeywell International opened for trading at $116.92 and hit $117.35 on the upside on Tuesday, eventually ending the session at $117.01, with a gain of 0.37% or 0.43 points. The heightened volatility saw the trading volume jump to 18,11,484 shares. Company has a market cap of $89,030 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.

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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