Simplex Trading adds Honeywell International (HON) to its portfolio

Honeywell International (HON) : Simplex Trading added new position in Honeywell International during the most recent quarter end. The investment management firm now holds 6,760 shares of Honeywell International which is valued at $722,914 , the company said in a statement filed on Oct 7, 2016 with the SEC.Honeywell International makes up approximately 0.09% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Sadoff Investment Management reduced its stake in HON by selling 76 shares or 2.25% in the most recent quarter. The Hedge Fund company now holds 3,296 shares of HON which is valued at $352,474. Honeywell International makes up approx 0.04% of Sadoff Investment Management’s portfolio.First American Trust Fsb reduced its stake in HON by selling 612 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 34,427 shares of HON which is valued at $3,968,056. Honeywell International makes up approx 1.25% of First American Trust Fsb’s portfolio.Curbstone Financial Management Corp reduced its stake in HON by selling 500 shares or 5.22% in the most recent quarter. The Hedge Fund company now holds 9,080 shares of HON which is valued at $1,046,561. Honeywell International makes up approx 0.34% of Curbstone Financial Management Corp’s portfolio. Hefty Wealth Partners added HON to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $57,630. Honeywell International makes up approx 0.04% of Hefty Wealth Partners’s portfolio.Lynch Associatesin reduced its stake in HON by selling 605 shares or 1.63% in the most recent quarter. The Hedge Fund company now holds 36,445 shares of HON which is valued at $4,200,651. Honeywell International makes up approx 1.86% of Lynch Associatesin’s portfolio.

Honeywell International closed down -8.67 points or -7.50% at $106.94 with 2,04,46,322 shares getting traded on Friday. Post opening the session at $107.02, the shares hit an intraday low of $105.2475 and an intraday high of $107.56 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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