Campbell Newman Asset Management Inc buys $19,481,483 stake in Honeywell International (HON)

Honeywell International (HON) : Campbell Newman Asset Management Inc scooped up 6,887 additional shares in Honeywell International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 169,951 shares of Honeywell International which is valued at $19,481,483.Honeywell International makes up approximately 4.00% of Campbell Newman Asset Management Inc’s portfolio.

Honeywell International opened for trading at $114.6 and hit $115.52 on the upside on Monday, eventually ending the session at $115.46, with a gain of 0.72% or 0.83 points. The heightened volatility saw the trading volume jump to 25,86,658 shares. Company has a market cap of $88,826 M.

Other Hedge Funds, Including , Bremer Trust National Association reduced its stake in HON by selling 751 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 33,513 shares of HON which is valued at $3,841,595. Honeywell International makes up approx 1.09% of Bremer Trust National Association’s portfolio.Chicago Trust Co Na reduced its stake in HON by selling 1,255 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 37,940 shares of HON which is valued at $4,247,004. Honeywell International makes up approx 1.84% of Chicago Trust Co Na’s portfolio.Creative Planning boosted its stake in HON in the latest quarter, The investment management firm added 4,150 additional shares and now holds a total of 48,129 shares of Honeywell International which is valued at $5,387,560. Honeywell International makes up approx 0.04% of Creative Planning’s portfolio.British Columbia Investment Management Corp boosted its stake in HON in the latest quarter, The investment management firm added 7,912 additional shares and now holds a total of 365,317 shares of Honeywell International which is valued at $40,893,585. Honeywell International makes up approx 0.39% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, Honeywell International reported $1.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jan 29, 2016. Analyst had a consensus of $1.59. The company had revenue of $9982.00 million for the quarter, compared to analysts expectations of $9983.96 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.43 EPS.

Many Wall Street Analysts have commented on Honeywell International. Company shares were Reiterated by Barclays on Apr 18, 2016 to “Overweight”, Firm has raised the Price Target to $ 122 from a previous price target of $107 .Company shares were Reiterated by Stifel on Feb 1, 2016 to “Buy”, Firm has raised the Price Target to $ 113 from a previous price target of $106 .

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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