Smithbridge Asset Management Incde Lowers stake in Honeywell International (HON)

Honeywell International (HON) : Smithbridge Asset Management Incde reduced its stake in Honeywell International by 2.74% during the most recent quarter end. The investment management company now holds a total of 29,250 shares of Honeywell International which is valued at $3,188,250 after selling 825 shares in Honeywell International , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Honeywell International makes up approximately 2.90% of Smithbridge Asset Management Incde’s portfolio.

Other Hedge Funds, Including , Harwood Advisory Group reduced its stake in HON by selling 332 shares or 13.73% in the most recent quarter. The Hedge Fund company now holds 2,086 shares of HON which is valued at $227,374. Honeywell International makes up approx 0.18% of Harwood Advisory Group’s portfolio.Raymond James Trust N.a. reduced its stake in HON by selling 1,192 shares or 1.66% in the most recent quarter. The Hedge Fund company now holds 70,468 shares of HON which is valued at $7,525,982. Honeywell International makes up approx 0.65% of Raymond James Trust N.a.’s portfolio.Advisory Services Network boosted its stake in HON in the latest quarter, The investment management firm added 53 additional shares and now holds a total of 10,273 shares of Honeywell International which is valued at $1,098,595. Honeywell International makes up approx 0.21% of Advisory Services Network’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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