Berkshire Asset Managementpa Lowers stake in Honeywell International (HON)

Honeywell International (HON) : Berkshire Asset Managementpa reduced its stake in Honeywell International by 0.97% during the most recent quarter end. The investment management company now holds a total of 99,551 shares of Honeywell International which is valued at $11,934,174 after selling 974 shares in Honeywell International , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Honeywell International makes up approximately 1.76% of Berkshire Asset Managementpa’s portfolio.

Other Hedge Funds, Including , Catawba Capital Management Va boosted its stake in HON in the latest quarter, The investment management firm added 3,570 additional shares and now holds a total of 33,679 shares of Honeywell International which is valued at $4,037,439. Honeywell International makes up approx 0.95% of Catawba Capital Management Va’s portfolio.Capital Analysts boosted its stake in HON in the latest quarter, The investment management firm added 1,229 additional shares and now holds a total of 20,063 shares of Honeywell International which is valued at $2,385,290. Honeywell International makes up approx 0.47% of Capital Analysts’s portfolio.First United Bank Trust boosted its stake in HON in the latest quarter, The investment management firm added 205 additional shares and now holds a total of 18,401 shares of Honeywell International which is valued at $2,190,639. Honeywell International makes up approx 1.85% of First United Bank Trust’s portfolio.Creative Planning boosted its stake in HON in the latest quarter, The investment management firm added 6,584 additional shares and now holds a total of 54,713 shares of Honeywell International which is valued at $6,513,583. Honeywell International makes up approx 0.05% of Creative Planning’s portfolio.Bkd Wealth Advisors boosted its stake in HON in the latest quarter, The investment management firm added 1,903 additional shares and now holds a total of 3,737 shares of Honeywell International which is valued at $444,890. Honeywell International makes up approx 0.06% of Bkd Wealth Advisors’s portfolio.

Honeywell International opened for trading at $119.44 and hit $120 on the upside on Wednesday, eventually ending the session at $119.88, with a gain of 0.44% or 0.53 points. The heightened volatility saw the trading volume jump to 21,74,439 shares. Company has a market cap of $91,362 M.

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 .

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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