Chesley Taft Associates buys $17,004,862 stake in Honeywell International (HON)

Honeywell International (HON) : Chesley Taft Associates scooped up 3,135 additional shares in Honeywell International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 148,813 shares of Honeywell International which is valued at $17,004,862.Honeywell International makes up approximately 1.80% of Chesley Taft Associates’s portfolio.

Honeywell International opened for trading at $114.46 and hit $114.87 on the upside on Monday, eventually ending the session at $114.67, with a gain of 0.35% or 0.4 points. The heightened volatility saw the trading volume jump to 30,54,128 shares. Company has a market cap of $87,392 M.

Other Hedge Funds, Including , Conning boosted its stake in HON in the latest quarter, The investment management firm added 330 additional shares and now holds a total of 31,255 shares of Honeywell International which is valued at $3,571,509. Honeywell International makes up approx 0.15% of Conning’s portfolio. Eagle Ridge Investment Management added HON to its portfolio by purchasing 3,365 company shares during the most recent quarter which is valued at $384,182. Honeywell International makes up approx 0.09% of Eagle Ridge Investment Management’s portfolio.Parasol Investment Management boosted its stake in HON in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 1,133 shares of Honeywell International which is valued at $129,355. Honeywell International makes up approx 0.13% of Parasol Investment Management’s portfolio.Cue Financial Group boosted its stake in HON in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 7,842 shares of Honeywell International which is valued at $898,928. Honeywell International makes up approx 0.77% of Cue Financial Group’s portfolio.

On the company’s financial health, Honeywell International reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $1.50. The company had revenue of $9522.00 million for the quarter, compared to analysts expectations of $9365.12 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS.

Many Wall Street Analysts have commented on Honeywell International. Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 122 from a previous price target of $121 .Company shares were Reiterated by Stifel on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 129 from a previous price target of $127 .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 .

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.

Leave a Reply

Honeywell International - Is it time to Sell?

Top Brokerage Firms are advising their investors on Honeywell International. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.