Jones Collombin Investment Counsel Inc Lowers stake in Honeywell International (HON)

Honeywell International (HON) : Jones Collombin Investment Counsel Inc reduced its stake in Honeywell International by 2.85% during the most recent quarter end. The investment management company now holds a total of 127,193 shares of Honeywell International which is valued at $14,534,344 after selling 3,730 shares in Honeywell International , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Honeywell International makes up approximately 4.01% of Jones Collombin Investment Counsel Inc’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 , Jfs Wealth Advisors reduced its stake in HON by selling 200 shares or 18.87% in the most recent quarter. The Hedge Fund company now holds 860 shares of HON which is valued at $98,272. Honeywell International makes up approx 0.03% of Jfs Wealth Advisors’s portfolio.Asset Advisors Corp reduced its stake in HON by selling 300 shares or 4.84% in the most recent quarter. The Hedge Fund company now holds 5,897 shares of HON which is valued at $673,260. Honeywell International makes up approx 0.14% of Asset Advisors Corp’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.Gateway Investment Advisers reduced its stake in HON by selling 36,294 shares or 4.85% in the most recent quarter. The Hedge Fund company now holds 711,802 shares of HON which is valued at $81,266,434. Honeywell International makes up approx 0.69% of Gateway Investment Advisers’s portfolio.Country Club Trust Company N.a. boosted its stake in HON in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 2,663 shares of Honeywell International which is valued at $305,260. Honeywell International makes up approx 0.05% of Country Club Trust Company N.a.’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.

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