Novare Capital Management Lowers stake in Honeywell International (HON)

Honeywell International (HON) : Novare Capital Management reduced its stake in Honeywell International by 1.96% during the most recent quarter end. The investment management company now holds a total of 69,379 shares of Honeywell International which is valued at $8,073,634 after selling 1,390 shares in Honeywell International , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Honeywell International makes up approximately 2.12% of Novare Capital Management’s portfolio.

Other Hedge Funds, Including , Ssi Investment Management Inc boosted its stake in HON in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 2,309 shares of Honeywell International which is valued at $268,698. Honeywell International makes up approx 0.07% of Ssi Investment Management Inc’s portfolio.Bourgeon Capital Management boosted its stake in HON in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 29,000 shares of Honeywell International which is valued at $3,364,290. Honeywell International makes up approx 2.08% of Bourgeon Capital Management’s portfolio.Locust Wood Capital Advisers boosted its stake in HON in the latest quarter, The investment management firm added 19,070 additional shares and now holds a total of 277,319 shares of Honeywell International which is valued at $32,060,850. Honeywell International makes up approx 3.43% of Locust Wood Capital Advisers’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.

Honeywell International opened for trading at $115.6 and hit $115.87 on the upside on Wednesday, eventually ending the session at $115.78, with a gain of 0.13% or 0.145 points. The heightened volatility saw the trading volume jump to 16,92,112 shares. Company has a market cap of $88,094 M.

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.

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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