Wallington Asset Management buys $14,352,409 stake in Honeywell International (HON)

Honeywell International (HON) : Wallington Asset Management scooped up 2,565 additional shares in Honeywell International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 123,717 shares of Honeywell International which is valued at $14,352,409.Honeywell International makes up approximately 4.40% of Wallington Asset Management’s portfolio.

Other Hedge Funds, Including , Swiss National Bank boosted its stake in HON in the latest quarter, The investment management firm added 146,500 additional shares and now holds a total of 2,048,773 shares of Honeywell International which is valued at $237,678,156. Honeywell International makes up approx 0.37% of Swiss National Bank’s portfolio.Mercer Capital Advisers reduced its stake in HON by selling 75 shares or 2.22% in the most recent quarter. The Hedge Fund company now holds 3,307 shares of HON which is valued at $382,322. Honeywell International makes up approx 0.30% of Mercer Capital Advisers’s portfolio.Charter Trust Co boosted its stake in HON in the latest quarter, The investment management firm added 179 additional shares and now holds a total of 10,952 shares of Honeywell International which is valued at $1,312,926. Honeywell International makes up approx 0.15% of Charter Trust Co’s portfolio.Mai Capital Management reduced its stake in HON by selling 9,951 shares or 11.28% in the most recent quarter. The Hedge Fund company now holds 78,253 shares of HON which is valued at $9,303,499. Honeywell International makes up approx 0.74% of Mai Capital Management’s portfolio.

Honeywell International closed down -0.33 points or -0.28% at $116.04 with 20,09,420 shares getting traded on Monday. Post opening the session at $116.6, the shares hit an intraday low of $115.71 and an intraday high of $116.77 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Investors should note that on Jul 29, 2016, Honeywell International announced a cash dividend of $0.5950. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 9, 2016.

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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